Marijuana multi state operators bought California marijuana extraction company for $120 million

Icanic brands, headquartered in Vancouver, Canada, supplies marijuana products to California and Nevada. The company signed a final agreement to buy a California extraction company for $120 million. Extraction company leef holdings is a leading producer and distributor of California CBD concentrate. According to the press release, leef is building a 45000 square foot processing facility and recently obtained a 186.7 acre plantation license.

Source: mjbizdaily com