Financial Highlights Period Ended April 30th, 2021:
*All currency references used in this are in Canadian currency unless otherwise noted
Icanic Brands Company, Inc. (CSE: ICAN, OTCQB: ICNAF) (“Icanic Brands” or the “Company”), a multi-state brand operator of premium Cannabis brands in California and Nevada, today reports its financial results for the period ended April 30th, 2021. All currency references used in this news release are in Canadian currency unless otherwise noted.
Corporate Highlights:
Concord Facility Update:
Management Commentary:
Mr. Brandon Kou, CEO of Icanic commented, “This was a record quarter for Icanic and I couldn’t be more proud of the entire team. In 2020, we committed to revamping our basics and focusing on ways to improve and set up our business for the future. This past quarter was a great example of the hard work paying off as we saw record revenue figures while significantly improving our operational efficiency leading to record gross margins. With the addition of the De Krown team, we are very excited to continue to grow both our manufacturing partner relationships as well as our growing branded product portfolio. While we have a solid foundation now in place, we are constantly looking for ways to improve our business both organically and acquisitively and I believe we will continue to see the results of our team’s dedication to making Icanic a leader in the California cannabis space.”
About Icanic Brands Company, Inc.
Icanic Brands Company, Inc. is a leading cannabis branded products manufacturer based in California & Nevada, the largest and most competitive cannabis markets in the world. The company’s mission is to make cannabis safe and approachable - that starts with manufacturing high-quality products delivering consistent experiences.
For more information, please visit the company’s website at: www.icaninc.com.
About Ganja Gold
Ganja Gold, Inc., a wholly-owned subsidiary of Icanic Brands Company, Inc. (CSE: ICAN, OTCQB: ICNAF), is the premier brand of infused pre-rolls in the state. Ganja Gold focuses on using only the best available flower and concentrates with state of the art proprietary technology to create connoisseur level pre-rolls unseen in the marketplace. With our flagship Tarantula™, Ganja Gold continues to set the bar in quality and experience.
For more information about Ganja Gold, visit their website at www.ganjagold.com
ICANIC BRANDS COMPANY INC.
Per: “Brandon Kou”
Chief Executive Officer
For further information about Icanic Brands, please contact the Company at:
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
The CSE does not accept responsibility for the adequacy or accuracy of this release.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. The Canadian Securities Exchange has not in any way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.
Last Trade: | US$0.06 |
Daily Volume: | 0 |
Market Cap: | US$13.220M |
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