- Icon Exploration Inc.’s vision is to be a leader in Canada’s medicinal and recreational cannabis markets
- Icon’s strategy is to acquire through a reverse merger with a vertically integrated cannabis company
- Acquisition would give Icon a 40,000-square-foot cultivation facility and an option on a 125,000-square-foot farm/extraction space
Icon Exploration Inc. (TSX.V: IEX.H) has set its sights on entering the Canadian cannabis industry, which Deloitte predicts will surpass $7 billion this year, including $4.4 billion in legalized recreational cannabis alone (http://nnw.fm/7Kofy). To enter this market, Icon anticipates a reverse merger with cannabis company City View Green (“CVG”), which has already applied to Health Canada for an ACMPR license (http://nnw.fm/xEmk9).
Icon Exploration is pursuing a strategy of vertical integration. The company plans to “use the burgeoning market as a platform to bring modernization to other verticals, specifically with regard to cannabis derivatives and extracts,” such as…
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