Icanic Brands Provides Corporate Update and Financial Guidance - Seite 2

• Extraction – One of the leaders in California currently supplying 36% of the total concentrate market in the state with capabilities including ethanol extraction, hydrocarbon, and solventless.
• Edibles – State of the art industrial kitchen with the ability to produce gummies, chocolates and other in demand products.
• Pre roll manufacturing – Best in class pre roll technology including manufacturing, labeling and capping.
• Robust supply chain including one of the largest cultivation sites in California at 186 acres
• Pending 20-acre active cultivation facility from pending Lifted Organics acquisition.
• Growing internal portfolio of leading brands including Real Deal Resin and Ganja Gold.
• Client partners including 8 of the top 10 vape brands and 8 of the top 10 concentrate brands in California.
  

Operations

• Willits, CA – Manufacturing, distribution and retail.
• Sacramento, CA – Manufacturing and distribution.
• Concord, CA – Manufacturing
• Santa Barbara, CA – Cultivation
• San Diego, CA – HQ Wellness
• Las Vegas, NV – Manufacturing, distribution and cultivation (license transfer pending)

Corporate Strategy

• Make Icanic Brands the lowest cost provider and supply chain manufacturer in the state of California
• Leverage infrastructure to launch CPG brands at competitive prices while maintaining industry leading gross margins
• Execute on extensive M&A opportunities from long standing industry relationships
• Grow portfolio of internal brands to leverage manufacturing and packaging capacity
• Integrate M&A while reducing redundancies and focusing on singular management team to increase bottom line
  

Q4 Financial Guidance

For the fourth quarter ended July 31, 2022, Icanic Brands is forecasting revenues of $12.3 million with cost of sales forecasted to be $5.7 million and gross profits of $6.6 million. For the period the Company is forecasting other expenses of $5.0 million and EBITDA of $1.6 million. All figures in Canadian dollars.

Long Term Forecasts

All figures in CAD$	Year ended July 31, 2022	Year ended July 31, 2023	Year ended July 31, 2024
Revenue	>$23 million	>$79 million	>$95 million
Cost of sales	>$13 million	>$35 million	>$43 million
Gross profit	>$10 million	>$44 million	>$52 million
Other expenses	>$9 million	>$28 million	>$33 million
EBITDA	<$1 million	>$16 million	>$19 million

About Icanic Brands Company Inc.