April 6, 2021 7:30 AM EDT
News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here. Revenue of CAD$2.8 million – an increase of 65% from CAD$1.7 million for the same time last yearGross margin increases to 41% vs 16% last year same timeAdjusted EBITDA of CAD$92,481Financial results are not inclusive of the current in-progress move to the Concord, CA facility, which is more than double the size, as well as the 2nd automated pre-roll machine which is expected to arrive in 2021 Calendar Q2.
VANCOUVER, British Columbia, April 06, 2021 (GLOBE NEWSWIRE) — 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, today reports its