Icanic Brands Company Inc.
ICAN.CN
Canadian Securities Exchange0.07
CAD
-0.02
- -
Icanic Brands Company Inc.
ICAN.CN
(Canadian Securities Exchange)
Recent
price
0.07
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Leef Brands Inc. (CSE: LEEF), formerly Icanic Brands Company Inc., operates as a vertically integrated cannabis company focused on the manufacturing, extraction, cultivation, and distribution of branded and white-label cannabis products primarily in California and New York. The company produces a range of core offerings including pharmaceutical-grade cannabis concentrates such as distillate, hydrocarbon, and solventless extracts; infused pre-rolls and resins under brands like Real Deal Resin, Ganja Gold, Heady, Buddies, and LEEF; consumer packaged goods encompassing topicals, tinctures, edibles, gummies, and chocolates; and cultivation outputs from its facilities including the 1,900-acre Salisbury Canyon Ranch, which supports propagation, nursery operations, flowering canopy, drying, and processing for high-quality biomass. It provides white-labeling and tolling services, leveraging state-of-the-art processing facilities with ethanol extraction, hydrocarbon methods, and solventless techniques, alongside retail operations through owned dispensaries and over 500 B2B distribution points targeting dispensaries and brand partners in the U.S. cannabis market. Founded in 2011 and headquartered in Vancouver, British Columbia, Canada, with key operational facilities in Sacramento, Willits, Granite Bay, and Concord in California, the company derives the majority of its revenue from the United States, serving wholesale concentrates and retail segments in the highly competitive California market while expanding into New York's $1.5 billion cannabis sector. Recent developments include the completion of Phase 1 at Salisbury Canyon Ranch in 2024, featuring 65 acres of licensed cannabis cultivation and a hemp permit, with first harvests expected in 2025 to enhance internal supply chain margins following over $7 million in infrastructure investments; the acquisition of a Tier 1 processing license in New York in February 2025, enabling a fully equipped extraction lab launched in September 2025 with 2025 production fully committed to leading partners; strategic partnerships such as with Glass House Brands highlighted in May 2025 investor updates; and ongoing operational improvements driving breakout Q3 2025 earnings through dual-state execution at the ranch and New York market entry.