ICAN-II

Icanic Brands Applauds President Joe Biden on Major Step Towards Federal Cannabis Reform

Retrieved on: 
Friday, October 7, 2022
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President Joe Biden stated, First, I am announcing a pardon of all prior Federal offenses of simple possession of marijuana.

Key Points: 
  • President Joe Biden stated, First, I am announcing a pardon of all prior Federal offenses of simple possession of marijuana.
  • I am very encouraged by the measures taken today by the Biden Administration, stated Micah Anderson, CEO of Icanic Brands.
  • About Icanic Brands Company Inc.
    ICANIC is a leading California based extraction and manufacturing cannabis company.
  • Icanic Brands Company Inc. is based in California, the largest cannabis market in the world.

Icanic Announces Closing of Recapitalization Transaction and C$1.3 Million Private Placement

Retrieved on: 
Monday, September 12, 2022
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The Warrants are governed by a warrant indenture (the Warrant Indenture) entered into as of the Effective Date between Icanic and Odyssey, as warrant agent.

Key Points: 
  • The Warrants are governed by a warrant indenture (the Warrant Indenture) entered into as of the Effective Date between Icanic and Odyssey, as warrant agent.
  • The Company is also pleased to announce the closing of its previously announced private placement pursuant to which certain insiders and strategic investors of Icanic were issued New Secured Debentures in the aggregate principal amount of C$1,300,000 (the Additional Secured Debentures).
  • The Warrants are governed by a warrant indenture entered into as of September 8, 2022 between Icanic and Odyssey, as Warrant agent.
  • This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities.

Icanic Brands Company, Inc. Posts Record Second Quarter 2022 Financial Results

Retrieved on: 
Wednesday, September 7, 2022
CEO, CSE, Total, CPG, GLOBE, Company, Cannabis, ICAN, Acquisition, OTCQB, Online gambling, Retail, Bookkeeping, ICAN-II

VANCOUVER, British Columbia, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Icanic Brands Company Inc. (CSE: ICAN, OTCQB: ICNAF) (Icanic Brands or the Company), a multi-state brand operator of premium cannabis brands in California, is pleased to report its financial results for the three and six months ended June 30th, 2022.

Key Points: 
  • VANCOUVER, British Columbia, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Icanic Brands Company Inc. (CSE: ICAN, OTCQB: ICNAF) (Icanic Brands or the Company), a multi-state brand operator of premium cannabis brands in California, is pleased to report its financial results for the three and six months ended June 30th, 2022.
  • Gross Profit of $2,684,101 for the three months ended and $5,722,194 for the six months ended June 30th, 2022.
  • The six months ended June 30th, 2022, revenue was $15,490,633, which represents an increase of 84.9% in previously announced Icanic Brands revenues.
  • Gross profit was $2,684,101 for the three months ended June 30th, 2022 and $5,722,194 for the six months ended June 30th, 2022.

Icanic Brands announces Micah Anderson appointed Chief Executive Officer

Retrieved on: 
Tuesday, September 6, 2022
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VANCOUVER, BC, Sept. 6, 2022 /PRNewswire/ -- Icanic Brands Company Inc. (CSE: ICAN)(OTCQB: ICNAF) ("Icanic" or the "Company"), a leading California based extraction and manufacturing cannabis company, is pleased to announce the appointment of Micah Anderson to the position of Chief Executive Officer of the Company. Mr. Anderson is a renowned cannabis expert who founded and is the CEO of LEEF Holdings Inc. ("LEEF"), which was acquired by Icanic on April 21, 2022. In conjunction with Mr. Anderson's appointment, Brandon Kou, the Company's current CEO has resigned from his position. The Company wishes to thank Mr. Kou for his dedication, leadership and years of service and is pleased that he will continue to be a member of the Board of Directors. 

Key Points: 
  • VANCOUVER, BC, Sept. 6, 2022 /PRNewswire/ -- Icanic Brands Company Inc. (CSE: ICAN)(OTCQB: ICNAF) ("Icanic" or the "Company"), a leading California based extraction and manufacturing cannabis company, is pleased to announce the appointment of Micah Anderson to the position of Chief Executive Officer of the Company.
  • "I am looking forward to leading Icanic with the same tenacity and values that I prioritized in building LEEF into a leading Californian extraction company," stated Mr. Anderson.
  • About Icanic Brands Company Inc.
    ICANIC is a leading California based extraction and manufacturing cannabis company.
  • Icanic Brands Company Inc. is based in California & Nevada, the largest and most competitive cannabis markets in the world.

Icanic Brands Company Inc. Announces the Appointment of Micah Anderson as Chief Executive Officer

Retrieved on: 
Tuesday, September 6, 2022
CEO, CSE, Cannabis, Federal, Culture, ICAN-II, Board, Founder CEO, Federated Malay States Railways, State, GLOBE, Leadership, Company, Foundation, ICAN, Director, Industry, AAA Northern California, Nevada & Utah, Growth, Public policy, Drug

VANCOUVER, British Columbia, Sept. 06, 2022 (GLOBE NEWSWIRE) -- Icanic Brands Company Inc. (CSE: ICAN) (OTCQB: ICNAF) (Icanic or the Company), a leading California based extraction and manufacturing cannabis company, is pleased to announce the appointment of Micah Anderson to the position of Chief Executive Officer of the Company.

Key Points: 
  • VANCOUVER, British Columbia, Sept. 06, 2022 (GLOBE NEWSWIRE) -- Icanic Brands Company Inc. (CSE: ICAN) (OTCQB: ICNAF) (Icanic or the Company), a leading California based extraction and manufacturing cannabis company, is pleased to announce the appointment of Micah Anderson to the position of Chief Executive Officer of the Company.
  • I am looking forward to leading Icanic with the same tenacity and values that I prioritized in building LEEF into a leading Californian extraction company, stated Mr. Anderson.
  • About Icanic Brands Company Inc.
    ICANIC is a leading California based extraction and manufacturing cannabis company.
  • Icanic Brands Company Inc. is based in California & Nevada, the largest and most competitive cannabis markets in the world.

Icanic Receives Final Court Approval for Plan of Arrangement Effecting Recapitalization Transaction

Retrieved on: 
Tuesday, August 16, 2022
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VANCOUVER, British Columbia, Aug. 15, 2022 (GLOBE NEWSWIRE) -- Icanic Brands Company Inc. (Icanic or the Company) (CSE: ICAN) (OTCQB: ICNAF), multi-state brand operator of premium cannabis brands in California, announces that it has received final approval from the Supreme Court of British Columbia (the Court) for the Companys plan of arrangement approved by secured debentureholders on August 8, 2022 (the Plan of Arrangement) to effect the Companys previously announced recapitalization transaction (the Recapitalization Transaction).

Key Points: 
  • VANCOUVER, British Columbia, Aug. 15, 2022 (GLOBE NEWSWIRE) -- Icanic Brands Company Inc. (Icanic or the Company) (CSE: ICAN) (OTCQB: ICNAF), multi-state brand operator of premium cannabis brands in California, announces that it has received final approval from the Supreme Court of British Columbia (the Court) for the Companys plan of arrangement approved by secured debentureholders on August 8, 2022 (the Plan of Arrangement) to effect the Companys previously announced recapitalization transaction (the Recapitalization Transaction).
  • Secured debentureholder approval and Court approval were the two primary conditions precedent for closing the Recapitalization Transaction, both of which conditions have been satisfied.
  • The closing of the Recapitalization Transaction is anticipated to occur by the end of the third quarter of 2022.
  • Forward-looking statements may include, without limitation, the timing and outcome of closing of the Recapitalization Transaction.

Icanic Secured Debentureholders Overwhelmingly Approve Recapitalization Transaction

Retrieved on: 
Monday, August 8, 2022
Final order, Disclosure, Canadian Securities Exchange, Plan, Industry, GLOBE, Forward-looking statement, Growth, Hearing, ICAN-II, Perception, Disease, Court, Company, Cannabis, Intention, News, CSE, Public opinion, Law of the United Kingdom, Time, Supreme court, Online gambling, Security (finance), COVID-19, Arrangement

VANCOUVER, British Columbia, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Icanic Brands Company Inc. (Icanic or the Company) (CSE: ICAN)(OTCQB: ICNAF), a multi-state brand operator of premium cannabis brands in California, announces that, at the meeting of Secured Debentureholders held on August 8, 2022, the Secured Debentureholders voted overwhelmingly in support of the previously announced recapitalization transaction (the Recapitalization Transaction) to be implemented by way of a court-approved plan of arrangement under the British Columbia Business Corporations Act (the Plan of Arrangement).

Key Points: 
  • VANCOUVER, British Columbia, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Icanic Brands Company Inc. (Icanic or the Company) (CSE: ICAN)(OTCQB: ICNAF), a multi-state brand operator of premium cannabis brands in California, announces that, at the meeting of Secured Debentureholders held on August 8, 2022, the Secured Debentureholders voted overwhelmingly in support of the previously announced recapitalization transaction (the Recapitalization Transaction) to be implemented by way of a court-approved plan of arrangement under the British Columbia Business Corporations Act (the Plan of Arrangement).
  • For additional details regarding the Recapitalization Transaction, please see the Companys news releases dated June 8 and July 13, 2022.
  • At the meeting of holders (the Secured Debentureholders) of the 9% secured convertible debentures (the Secured Debentures) issued by the Company, 98.59% of the votes cast by Secured Debentureholders (representing 69.77% of the outstanding Secured Debentures) were voted in favour of the Plan of Arrangement.
  • Forward-looking statements may include, without limitation, statements relating to: the implementation and completion of the Recapitalization Transaction and the Arrangement, and the Company obtaining the Final Order.

Icanic Obtains Interim Court Order and Announces Meeting Details in Connection with its Recapitalization Transaction

Retrieved on: 
Wednesday, July 13, 2022
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The Plan of Arrangement is proposed to be effected through an arrangement (the Arrangement) under theBritish Columbia Business Corporations Act.

Key Points: 
  • The Plan of Arrangement is proposed to be effected through an arrangement (the Arrangement) under theBritish Columbia Business Corporations Act.
  • "We are pleased with the order issued by the Supreme Court of British Columbia on July 8th.
  • If the Recapitalization Transaction does not obtain the required support from the Secured Debentureholders, the Recapitalization Transaction will be implemented through proceedings under the CCAA.
  • This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities.

Icanic Announces Recapitalization Transaction and Support Agreement

Retrieved on: 
Wednesday, June 8, 2022
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The Recapitalization Transaction is the next step in the combination and integration of the Icanic and LEEF organizations following the closing of the merger of the companies on April 21, 2022.

Key Points: 
  • The Recapitalization Transaction is the next step in the combination and integration of the Icanic and LEEF organizations following the closing of the merger of the companies on April 21, 2022.
  • Pursuant to the terms of the Restructuring Support Agreement, the Recapitalization Transaction will be implemented pursuant to arrangement proceedings under the British Columbia Business Corporations Act (the BCBCA).
  • In connection with the Recapitalization Transaction, the Company and certain of its subsidiaries (collectively, the "Subsidiaries") have either entered into, or indicated agreement to enter into a restructuring support agreement (the "Restructuring Support Agreement") with certain holders of the 2019 Secured Convertible Debentures issued by Leef Holdings Inc. (LEEF), the Company's U.S. wholly-owned subsidiary, and which hold in aggregate over 74.5% of the principal amount of 2019 Secured Convertible Debentures.
  • Further information about the Recapitalization Transaction will also be made available on SEDAR and the Company's website ( www.icaninc.com ).

Icanic Brands Announces Non-Binding LOI to Acquire DNA Organics, Inc. (Lifted Organics) and THC Engineering Share Issuance

Retrieved on: 
Friday, May 13, 2022
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Lifted currently has 100% of its cultivation under contract with three of the largest companies in California including Buddies, Jetty and LEEF brands.

Key Points: 
  • Lifted currently has 100% of its cultivation under contract with three of the largest companies in California including Buddies, Jetty and LEEF brands.
  • The Closing Purchase Price will be satisfied in full through the issuance of common shares of the Company (the Icanic Shares).
  • On May 7, 2021, the Company announced that it had completed the acquisition (the Acquisition) of THC Engineering, LLC (THC Engineering) and THC Engineering Holdings, LLC (THC Holdings, and collectively with THC Engineering, THC) and pursuant to the terms of a share exchange agreement dated April 7, 2021 (the Share Exchange Agreement) among the Company, THC and the unitholders of THC (the THC Unitholders).
  • About Icanic Brands Company Inc.
    Icanic Brands Company Inc. is a cannabis branded products manufacturer based in California, the largest cannabis markets in the world.