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Icanic Brands Company Inc. (CSE: ICAN) (OTCQB: ICNAF) reported its financial results for the quarter ending Oct. 31, revealing revenue of CA$2.65 million ($2.09 million). That s up by 45% from the same period of 2019. The Nevada and California-focused cannabis company also. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to: ....
Icanic Brands Company Inc. (CSE: ICAN) (OTCQB: ICNAF) reported its financial results for the quarter ending Oct. 31, revealing revenue of CA$2.65 million ($2.09 million). That s up by 45% from the same period of 2019. The Nevada and California-focused cannabis company also. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to: ....
Icanic Brands Company Inc. (CSE:ICAN) (OTCQB:ICNAF) reported its financial results for the quarter ending Oct. 31, revealing revenue of CA$2.65 million ($2.09 million). That s up by 45% from the same period of 2019. The Nevada and California-focused cannabis company also achieved a positive adjusted EBITDA of CA$167,637 compared to a negative adjusted EBITDA of CA$1.5 million in the same quarter of the prior year. Icanic s gross margin was of CA$1.21 million (46%), which is by 58.6% higher than in the same period of 2019. The increase in gross margin was attributed to the company’s progress in automation and vertical integration. In the quarter, Icanic’s cash and cash equivalents jumped 31% from the previous quarter reaching CA$2.68 million. ....