Icanic Brands Announces Non-Binding Loi To Acquire The Leaf At 73740 Llc
Sep 19, 2022•about 3 years ago
Acquiring Company
Icanic Brands Co Inc.
Acquired Company
The Leaf
VancouverFood And BeverageHealth CareSales And MarketingManufacturingCommunity And LifestyleFashionDescription
Icanic Brands Company, Inc. (CSE: ICAN, OTCQB: ICNAF) (“Icanic Brands” or the “Company”), a multi-state brand operator of premium cannabis brands in California, is pleased to announce that it has signed a non-binding Letter of Intent (“LOI”) to acquire 100% of the equity interests in The Leaf at 73740 LLC (“The Leaf”), a premium California retailer located at 73740 El Paseo in Palm Desert, California (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
M&A deals with strong technology integration plans are 2.5x more likely to succeed