Icanic Brands Posts Strong Financial Results With 45% Higher Revenue

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. …

Full story available on Benzinga.com

More Icanic Brands Posts Strong Financial Results With 45% Higher Revenue