Icanic Brands Company, Inc. (OTCQB:ICNAF) (CSE:ICAN) provided corporate update and revenue forecast for the three-month period ending July 31, 2022 and for the fiscal year ending July 31, 2023. These financial results reflect the first full quarter and fiscal year of Icanic Brands combined with its recent acquisition of LEEF Holdings, Inc., a California based extractions company.
For the fourth quarter ended July 31, 2022, Icanic Brands is forecasting revenues of CA$12.3 million ($9,61 million) with cost of sales forecasted to be CA$5.7 million and gross profits of CA$6.6 million. For the period the company is forecasting other expenses of CA$5.0 million and EBITDA of CA$1.6 million..
