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Benzinga
Benzinga
Business
Vuk Zdinjak

Icanic Brands Signs Non-Binding LOI To Acquire DNA Organics, Here Are The Terms

Icanic Brands Company, Inc. (OTCQB:ICNAF) (CSE:ICAN) has signed a non-binding letter of interest to acquire DNA Organics, Inc. (“Lifted”).

Lifted is a vertically integrated California cannabis company specializing in cultivation and solventless manufacturing using sustainable, organic practices with a focus on achieving economies of scale through adoption and adaptation of existing commercial agriculture and manufacturing solutions. It currently has 20.25 acres of licensed outdoor canopy. The company currently has 100% of its cultivation under contract with three of the largest companies in California including Buddies, Jetty and LEEF brands.

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