StockLogistics
2 years ago
.12 gap exists imo, CTO, late filings trying to get to .12:
“ 6:20p ET 11/30/2021 - Globe Newswire
Icanic Brands Announces Late Filing of Annual Financial Statements and Management Cease Trade Order
Icanic Brands Company Inc. ("Icanic" or the "Company") (TSX-V: ICAN) announces today that, as a result of delays to its audit, the Company's annual financial statements and accompanying management's discussion and analysis for the fiscal year ended July 31, 2021 (the "Annual Filings") were not finalized by November 29, 2021, being the date that such filings are due under applicable Canadian securities law requirements. The Company has applied for, and has been granted, a management cease trade order (the "MCTO") by the British Columbia Securities Commission.
The Company has been delayed in filing its audited financial statements as a result of Covid-19 related delays in obtaining information with respect to subsidiaries acquired during the fiscal period. During the MCTO, the general investing public will continue to be able to trade in the Company's listed common shares. However, the Company's Chief Executive Office and Interim Chief Financial Officer will not be able to trade in the Company's common shares.
The Company currently expects to file the Annual Filings on or before January 29, 2022 and will issue a news release announcing the completion of the filings at such time. Until the Company files the Annual Filings, it will comply with the alternative information guidelines set out in National Policy 12-203 - Management Cease Trade Order for issuers who have failed to comply with a specified continuous disclosure requirement within the times prescribed by applicable securities laws. The guidelines, among other things, require the Company to issue bi-weekly default status reports by way of a news release so long as the Annual Filings have not been filed.
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.
”
JeffElmo
3 years ago
New DD
LOI to acquire De Krown Enterprise
1) can manufacture 118,000 rolls per day
2) $650,000 in assets
3) made $324,000 last quarter with margin of 54%
4) 324,000x4= $1,296,000 with 54% = $699,840 of profit
https://finance.yahoo.com/news/icanic-brands-expands-california-brand-123000703.html
LOI to acquire THC engineering
1) builds one of a kind pre-roll machines
2) combines with preexisting and De Krown, this will make them into a premier pre-roll company. Think of faster production for distribution and sales
https://finance.yahoo.com/news/icanic-brands-expands-california-brand-123000703.html
EARNINGS earnings ending Oct 31, 2020
1) 2.65M revenue, up 45% yoy
2) Gross margin 1.21M, up 58.6% yoy
3) EBITDA 167,637 UP from -1,503,270 yoy
4) cash and equivalent up $651,549, UP 31% previous quarter to 2.68M
https://finance.yahoo.com/news/icanic-brands-announces-financial-results-123000063.html
Hired Mark Smith
"Mr. Smith brings a wealth of expertise to this role, having founded, built and transacted over $200,000,000 USD in US Cannabis businesses over the past 7 years. His capabilities include extensive industry start-up and scaling experience, strong financial orientation and experience operating in highly regulated markets including Colorado, Nevada and Michigan. Mr. Smith is an experienced and proven Cannabis entrepreneur with a track record of building enduring industry brands while leveraging operational scale. Mr. Smith has been actively involved in developing best-in-class brands such as Cannapunch, Highly Edible, Dutch Girl and Nordic Goddess (all of which were acquired by AYR Wellness Inc. formerly, AYR Strategies Inc. and Cannabis Strategies Acquisition Corp.) as well as developing a chain of dispensaries with his team members (his family) called Tumbleweed."
https://finance.yahoo.com/news/icanic-brands-announces-mr-mark-123000614.html
Summary so far
1) Bought a new manufacturer
2) bought a company specializes in building state of the art pre-roll tech
3) revenue and margins are up
4) EBITDA IS POSITIVE
5) Hired a guy who specializes in getting companies acquired. AYR is currently a $34 dollar OTC stock.
Last company AYR acquired was LHSIF who is currently trading at $1.14.
give it a year or two and we might be in dollar land.
Golden Cross
5 years ago
News - Integrated Cannabis’ Ganja Gold Announces California Launch of first CBD Infused Pre-Roll
Press Release | 10/08/2019
VANCOUVER, British Columbia, Oct. 08, 2019 (GLOBE NEWSWIRE) -- Integrated Cannabis Company, Inc. (CSE: ICAN, OTCQB: ICNAF) (“Integrated Cannabis” or the “Company”), a multi-state brand operator in California and Nevada, is pleased to announce that its wholly-owned subsidiary, Ganja Gold, has launched the first cannabidiol (CBD) infused pre-roll in California. The novel pre-roll is designed for those who want the calming effects and benefits of CBD and is part of the iconic Tarantula family of pre-rolls.
The October launch includes several high CBD strain SKUs such as: Harley-Tsu (indica dominant), AC/DC (sativa dominant), and The Wife (Hybrid). Additional strains will be launched in the coming months. The CBD Tarantula is constructed with top-shelf greenhouse or indoor grown flower that is then coated with high CBD distillate and covered in golden kief.
“The Ganja Gold legacy brand is synonymous with a top shelf, connoisseur level experience amongst consumers. We are excited to be introducing our new line of CBD infused pre-rolls that are made to the same exacting standards that consumers are accustomed to from Ganja Gold," said Mr. Seth Wiles, President of Integrated Cannabis. “We did extensive R&D to make sure this was a product that would strike a chord with our existing customers, as well as expand our reach in the market. Our goal is to launch products that will allow more cannabis users to experience our amazing brand. We plan to launch the CBD Tarantula along with our full line of Tarantulas in Nevada from our manufacturing facility in Las Vegas in the very near future,” added Mr.Wiles.
About Integrated Cannabis Company
Integrated Cannabis 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 Integrated Cannabis 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
ON BEHALF OF THE BOARD
“Eugene Beukman”
Director
For further information about Integrated Cannabis, please contact the Company at:
Email: investors@icaninc.com
For further information about Ganja Gold
Suhas Patel, Chief Financial Officer: suhas@ganjagold.com
makingmoneynow
5 years ago
Integrated Cannabis’ Ganja Gold is the Top Infused Pre-Roll Brand in California – with the #1 and #3 Best Selling SKUs
VANCOUVER, British Columbia, Sept. 19, 2019 (GLOBE NEWSWIRE) -- Integrated Cannabis Company, Inc. (CSE: ICAN, OTCQB: ICNAF) (“Integrated Cannabis” or the “Company”), a multi-state brand operator in California and Nevada, is pleased to announce that its wholly-owned subsidiary, Ganja Gold, is the top infused pre-roll brand in California, through July 2019, with roughly USD$3,300,000 in sales to date for fiscal year 2019.
According to BDS Analytics, “This past July, consumers in California spent $25 million on Pre-Rolled products, a 66 percent increase compared to July 2018. While sales of Flower have ceded share to other categories, Pre-Rolled products are another matter. This past July, revenues from Pre-rolled products contributed nine percent towards overall revenue in California.” Furthermore, the number 1 and number 3 selling SKUs in the infused pre-roll category were Ganja Gold products - which are currently available in over 250 dispensaries all over California.
“The pre-roll and specifically pre-roll market has seen tremendous growth in the last year, and of late due to many factors, Seth Wiles, president of Integrated Cannabis. Wiles also went on to say, “We will leverage our standing as the best-selling infused pre-roll brand in the world’s largest cannabis market (California) to launch in other key states this Fall.”
http://www.globenewswire.com/news-release/2019/09/19/1917967/0/en/Integrated-Cannabis-Ganja-Gold-is-the-Top-Infused-Pre-Roll-Brand-in-California-with-the-1-and-3-Best-Selling-SKUs.html
makingmoneynow
5 years ago
INTEGRATED CANNABIS ENTERS INTO DEFINITIVE AGREEMENT TO ACQUIRE CALIFORNIA CANNABIS MANUFACTURING BUSINESS
Further to its press release on May 27, 2019, Integrated Cannabis Company Inc. has entered into a share exchange agreement dated effective June 17, 2019, among the company, Ganja Gold Inc. (TargetCo) and the shareholders of TargetCo, pursuant to which the company will acquire all of the issued and outstanding shares of TargetCo. TargetCo is a California-based state and municipally licensed cannabis manufacturing business.
The acquisition of the manufacturing assets will allow Integrated Cannabis to directly participate in the California cannabis market in addition to further developing its X-Sprays products.
The proposed transaction
Pursuant to the terms of the definitive agreement, Integrated Cannabis will acquire all of the issued and outstanding securities of TargetCo in consideration for $12.4-million to be satisfied through the issuance of 40 million common shares of the company pro rata to shareholders of TargetCo at a deemed price of 31 cents per payment share upon closing of the proposed transaction. In addition, subject to the completion of certain milestones, the company may issue an additional 40 million payment shares pro rata to the former shareholders of TargetCo at a deemed price of 31 cents per payment share. The payment shares will be subject to a statutory hold period of four months and a day from the closing date as well as a voluntary hold period of 12 months from the closing date. The proposed transaction remains subject to certain closing conditions, including, without limitation: (a) the receipt by Integrated Cannabis of all necessary corporate and regulatory approval; and (b) each party's representations and warranties in the definitive agreement being true and correct in all aspects as of the closing date, and each party meeting its terms and conditions and completing its covenants and obligations as contained therein. There can be no guarantees that the proposed transaction will be completed as contemplated or at all. The proposed transaction is anticipated to close on July 5, 2019.
Subject to approval of the Canadian Securities Exchange, in connection with the proposed transaction, the company will issue 3.2 million common shares to an arm's-length third party finder at a deemed price of 31 cents per finder share. The finder shares will be subject to a statutory hold period of four months and a day from the closing date.
PotterBanker
6 years ago
Integrated Cannabis Company, Inc. Signs Definitive Agreement with Empower Clinics Inc. and Receives Purchase Order
https://globenewswire.com/news-release/2018/11/07/1646864/0/en/Integrated-Cannabis-Company-Inc-Signs-Definitive-Agreement-with-Empower-Clinics-Inc-and-Receives-Purchase-Order.html
VANCOUVER, British Columbia , Nov. 07, 2018 (GLOBE NEWSWIRE) -- Integrated Cannabis Company, Inc. (CSE: ICAN, OTCQB: ICNAF) (“Integrated Cannabis”), is pleased to announce the completion of a Definitive Agreement (“the Agreement”) to distribute X-SPRAYS™ products throughout the clinics and doctors’ offices of Empower Clinics Inc. (CSE: EPW; FRA: 8EC) (“Empower”), a leading owner and operator of medical cannabis and wellness clinics in the United States (US).
Integrated Cannabis has also received its initial purchase order from Empower for a selection of X-SPRAYS™ products. Empower has more than 25,000 patients under care across 15 locations with medical cannabis treatments in Oregon, Washington and Illinois. The patient base in Oregon represents approximately one-third of the state’s total medical card issuance. In addition, Empower has an historical patient database of which exceeds 120,000 in the three States.
“This milestone marks another significant move for distribution of X-SPRAYS™ with its first shipment to the Chicago market. We are excited to align with Empower and the City of Chicago and have our products available for people visiting their clinics in search of relief with issues like opioid addiction, pain, anxiety, sleep issues and people seeking overall well-being,” said Mr. John Knapp, CEO of Integrated Cannabis.
“We love the X-SPRAYS™ products and look forward to expanding our suite of offerings through these innovative CBD sprays. X-SPRAYS™ state of the art formulations and unique metered dosage combine to consistently deliver a high quality product through our nationwide network of clinics,” said Mr. Craig Snyder, CEO of Empower.
On September 12, Empower announced the opening of its flagship Chicago clinic. In Illinois, the company seeks to expand its operations and achieve a leadership position as it executes on parallel national clinic and product strategies. There is currently an opioid epidemic in the United States and the company’s announced Chicago facility closely followed the endorsement by Illinois Governor Bruce Rauner of medical cannabis as a frontline treatment and alternative for patients with a new statewide measure he signed into law on Aug 28.
ABOUT INTEGRATED CANNABIS COMPANY
Integrated Cannabis Company, Inc. is comprised of dedicated scientists and product engineers who are passionate about health and creating health and lifestyle products utilizing advanced delivery systems and formulations. For more information, please visit the company’s website at: www.x-sprays.com.
ABOUT EMPOWER
Empower is a leading owner and operator of medical cannabis and wellness clinics, as well as a developer of medical products in the US, focused on enabling individuals to improve and protect their health. The company provides treatment solutions through its physician-staffed clinics that are focused on education, data, and efficacy. Empower is a recognized leader and the first choice for patients seeking quality experience and improved health.
ON BEHALF OF THE BOARD
“John Knapp”
Chief Executive Officer
For further information, please contact the Company at:
Telephone: 778-403-3358
Email: integratedcannabis@gmail.com
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