Icanic Brands Announces the Closing of its Acquisition of 100% of LEEF Holdings, California’s Premier Extraction Company

VANCOUVER, British Columbia, April 21, 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, further to its news release on January 25, 2022, the Company has acquired all of the common stock (the “Leef Shares”) of LEEF Holdings, Inc. (“LEEF”), a California based extractions company pursuant to the terms of a merger agreement (the “Merger Agreement”) among the Company, its wholly-owned subsidiary, Icanic Merger Sub, Inc. (“Subco”) and LEEF, dated January 21, 2022 (the “Merger”).