Icanic Brands Announces Non-Binding LOI to Acquire The Leaf at 73740 LLC
VANCOUVER, British Columbia, Sept. 19, 2022 (GLOBE NEWSWIRE) -- Icanic Brands Company, Inc. (CSE: ICAN, OTCQB: ICNAF) ('Icanic Brands' or the 'Comp...
VANCOUVER, British Columbia, Sept. 19, 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 announce that it has signed a non-binding Letter of Intent ('LOI') to acquire 100% of the equity interests in The Leaf at 73740 LLC ('The Leaf'), a premium California retailer located at 73740 El Paseo in Palm Desert, California (the 'Proposed Acquisition'). Under the terms of the LOI, the Company will acquire The Leaf for a purchase price that equates to 1.