Icanic Brands Company Inc. (CNSX:ICAN) entered into a non-binding letter of intent to acquire The Leaf at 73740 LLC on September 19, 2022. Under the terms of the LOI, the Company will acquire The Leaf for a purchase price that equates to 1.0x the trailing twelve months of The LeafÆs revenue calculated on the date of closing. The purchase price will be payable in stock based on the 10 day volume weighted average price of the CompanyÆs common shares trading on the Canadian Securities Exchange.