
Icanic Brands Company, Inc. (CSE:ICAN) (OTCQB: ICNAF), a multistate cannabis operator in California and Nevada, announced it has entered into a definitive agreement to acquire California extraction company LEEF Holdings for $120 million.
LEEF, one of the largest cannabis extraction companies in California, is also a leading provider of bulk concentrates and is led by an expert group of legacy operators with decades of experience in organic soil-based farming and sophisticated extraction practices.