Icanic Brands Announces Binding Loi To Acquire 100% Of Leef Holdings, California’S Premier Extraction Company
Aug 31, 2021•over 4 years ago
Acquiring Company
Icanic Brands Co Inc.
Acquired Company
LEEF Holdings
VancouverFood And BeverageHealth CareSales And MarketingManufacturingCommunity And LifestyleDescription
Icanic Brands Company, Inc. (CSE: ICAN, OTCQB: ICNAF) (“Icanic Brands” or the “Company”), a multi-state brand operator of premium cannabis brands in California and Nevada, is pleased to announce that the Company has signed a binding letter of intent (the “LOI”) to acquire LEEF Holdings, Inc. (“LEEF”), a California based cannabis company (the “Proposed Acquisition”).
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
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