Leef Brands Inc (LEEEF)

[StockLogistics]

.12 gap exists imo, CTO, late filings trying to get to .12:

“ 6:20p ET 11/30/2021 - Globe Newswire
Icanic Brands Announces Late Filing of Annual Financial Statements and Management Cease Trade Order

Icanic Brands Company Inc. ("Icanic" or the "Company") (TSX-V: ICAN) announces today that, as a result of delays to its audit, the Company's annual financial statements and accompanying management's discussion and analysis for the fiscal year ended July 31, 2021 (the "Annual Filings") were not finalized by November 29, 2021, being the date that such filings are due under applicable Canadian securities law requirements. The Company has applied for, and has been granted, a management cease trade order (the "MCTO") by the British Columbia Securities Commission.

The Company has been delayed in filing its audited financial statements as a result of Covid-19 related delays in obtaining information with respect to subsidiaries acquired during the fiscal period. During the MCTO, the general investing public will continue to be able to trade in the Company's listed common shares. However, the Company's Chief Executive Office and Interim Chief Financial Officer will not be able to trade in the Company's common shares.

The Company currently expects to file the Annual Filings on or before January 29, 2022 and will issue a news release announcing the completion of the filings at such time. Until the Company files the Annual Filings, it will comply with the alternative information guidelines set out in National Policy 12-203 - Management Cease Trade Order for issuers who have failed to comply with a specified continuous disclosure requirement within the times prescribed by applicable securities laws. The guidelines, among other things, require the Company to issue bi-weekly default status reports by way of a news release so long as the Annual Filings have not been filed.

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.
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