- 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.
- Source: Press Release
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Icanic Brands to acquire retailer The Leaf at 73740