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ICNAF - Icanic Brands to acquire retailer The Leaf at 73740
Integrated Cannabis Co Inc
Premium cannabis brands operator Icanic Brands Company ( OTCQB:ICNAF ) signed a non-binding letter of intent to acquire 100% of the equity interests in the retailer The Leaf at 73740.
The company is set to acquire The Leaf for a price that equates to 1.0x the trailing twelve months of The Leaf’s revenue calculated on the date of closing.
The purchase price is payable in stocks based on the 10 day volume weighted average price of the company's shares trading on the Canadian Securities Exchange.