Icanic Brands Congratulates States on Successfully Passing Cannabis Legalization Measures

These states represent a USD $2.5 Billion Market by 2024

VANCOUVER, British Columbia, Nov. 09, 2020 (GLOBE NEWSWIRE) -- Icanic Brands Company, Inc. (CSE: ICAN, OTCQB: ICNAF) (“Icanic Brands” or the “Company”), a multi-state brand operator in California and Nevada, is pleased to join cannabis advocates in congratulating voters in Arizona, Montana, New Jersey and South Dakota, which in last week’s elections passed measures to legalize cannabis for adult use and/or medical use.

The newly legalized states represent a more than USD $2.5 billion market by 2024 in both recreational (adult) and medical sales according to industry reports. The Company thinks that with a variety of different structures including corporate expansion, partnerships and licensing opportunities, Icanic Brands will be well positioned to leverage its positioning in the market to create value for our shareholders. The Company believes that California will always hold a significant influence over the cannabis industry and be looked upon as a leader in the space. By continuing to be a leader in the most competitive space with the most discerning consumer, it positions Icanic Brands well to take that brand IP and expertise to other states when legal and opportunities present themselves.

“We could not be more excited at the opening of this new, legal regulated market for cannabis in Arizona, Montana, New Jersey and South Dakota. We look forward to the opportunity to provide the residents of these states with the best pre-roll experience of their lives. We are continually exploring growth opportunities and welcome the ability to add these markets to our growth plans,” said Mr. Brandon Kou, CEO and Director of Icanic Brands.

About Icanic Brands Company, Inc.

Icanic Brands Company, Inc. is a leading cannabis branded products manufacturer based in California & Nevada, the largest and most competitive cannabis markets in the world. The company’s mission is to make cannabis safe and approachable - that starts with manufacturing high-quality products delivering consistent experiences.

For more information, please visit the company’s website at: www.icaninc.com.

About Ganja Gold

Ganja Gold, Inc., a wholly-owned subsidiary of Icanic Brands Company, Inc. (CSE: ICAN, OTCQB: ICNAF), is the premier brand of infused pre-rolls in the state. Ganja Gold focuses on using only the best available flower and concentrates with state of the art proprietary technology to create connoisseur level pre-rolls unseen in the marketplace. With our flagship Tarantula™, Ganja Gold continues to set the bar in quality and experience.

For more information about Ganja Gold, visit their website at www.ganjagold.com


Per:        “Brandon Kou”
Chief Executive Officer and Director

For further information about Icanic Brands, please contact the Company at:
Email: investors@icaninc.com

The CSE does not accept responsibility for the adequacy or accuracy of this release.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. The Canadian Securities Exchange has not in any way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.