Icanic Brands Company Inc (OTCMKTS:ICNAF) injected cash of $1.083 million into its business by exercising its warrants in Q1 2021.
The company will use the proceeds to strengthen its balance sheet and financial resources. CEO of Icanic Brands, Brandon Kou, said mobilizing cash through exercising warrants is a significant achievement and shows investors’ confidence in its business strategy. Icanic Brands will use these funds to enhance business and boost shareholder value.
Signs a 6-month marketing deal
Icanic Brands entered a consulting and marketing deal with North Equities Corp. The deal is valid for 6 months and engages investors by providing company news and improving social media presence.
As per the terms of the deal, which ends on September 12, 2021, North Equities will receive 183,150 shares of Icanic Brands. Each share is valued at $0.546. The share price is arrived at by calculating the 7-day average trading volume before signing the deal.
Golden Leaf Holdings Ltd (OTCMKTS:GLDFF) Adds New Life To The Board
Golden Leaf Holdings Ltd (OTCMKTS:GLDFF) is pleased to announce Richard Carl and Scott Lawrence Secord’s induction to the board of directors.
Richard Carl previously worked as CPO and President of AGS Capital Corporation. Scott Lawrence Secord is the managing partner at Shore Capital Sports & Entertainment. Their appointment to the board of Golden Leaf increases the count of directors to 7.
Rick Miller, who leads the director board, said the company is excited to welcome Scott to the board. He will act as an observer in the company and will contribute rich cannabis space experience. Richard will provide risk management expertise and insights into capital markets to Golden Leaf.
Seals a deal to takeover multi-store chain
Golden Leaf entered a non-binding LOI to acquire a Northwest Oregon-based multi-store chain. With this deal, the company expects to generate an additional annual run rate of a minimum of $10 million considering the January 2021 results. The deal will include cash, promissory note, and cash.
Golden Leaf will use the funds generated through the recent private placement for this deal. The transaction is subject to the receipt of certain regulatory approvals and strengthens the leadership role of Golden Leaf in the Oregon market.
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