Icanic Brands Company Inc (OTCMKTS: ICNAF) has made it official through a statement that the group has inked a binding Letter of Intent (LOI) to acquire the premium cannabis brand, which is based out of California named Substance LLC.
Sharon Makarechi and Simon Davies are the founders of Substance LLC
It is learned that Substance LLC was founded by a duo named Sharon Makarechi and Simon Davies. Malachi is known as a hyper-creative person who has the ability to translating ideas into values. She had a stint with one of the best advertising agencies in the world before finally moving on and being associated with NYC. Malachi is credited for designing and introducing the winning yardstick based on which cannabis applications are being judged. Davies, on the other hand, has a sea of experience in the marketing sector. It is learned that he helped in starting a medical cannabis LP in 2013. It was a time when the Canadian cannabis industry was in its nascent stage. Nevertheless, the Substance has found itself in the leading California retailers like Stiiizy, Green Wolf LA, Catalyst, and Flower Co.
The brand represents social justice
The CMO of Substance, Davies, shared that Substance as a brand stands for social justice. He added that Substance would not give up on its vision to offer premium cannabis. He expressed happiness in partnering with the Icanic Brands Company Inc team. Meanwhile, the CEO of Icanic Brands Company, Inc, Brandon Kou, also stated that the group is happy associating with the Substance team. Kou added that the lessons on how to take over companies in the future are learned from Substance acquisition.
Livewire Ergogenics Inc (OTCMKTS: LVVV) acquires an Equity Position in Makana Ola Farms through a Letter of Intent
Livewire Ergogenics Inc (OTCMKTS: LVVV) is back in the news. This time it is for acquiring an equity position in the Makana Ola Farms. It is learned that the group has signed a Letter of Intent to acquire an equity position in the Makana Ola Farms, which is based out of California. The latest dealing also leaves Livewire Ergogenics Inc with the option to purchase 100% of the Makana Ola Farms. Currently, the group holds a 4.99% equity position in the farms.
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