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From: NetworkNewsWire (Rep: 0)Date: 02/08/2019 15:21
Forum: Penny Stocks - Msg #2750 - List IEX msgs Thread #674062609 (Rec: 0)
NetworkNewsBreaks – Icon Exploration Inc. (TSX.V: IEX.H) Strategically Chooses Acquisition Target Based on Cannabis Industry Trends and Expectations

After careful consideration, Icon Exploration (TSX.V: IEX.H) CEO Rob Fia selected City View Green (“CVG”), a vertically integrated cannabis company incorporated under the laws of Ontario, Canada, as its acquisition target. The company recently signed a formal share exchange agreement relating to its proposed acquisition of CVG, taking a step toward fulfilling IEX.H’s mission to create a well-diversified company that’s able to produce long-term returns for its shareholders and investors. An article further discussing the company reads, “With Icon Exploration’s current focus on the cannabis industry, president and CEO Rob Fia has spent several years surveying industry trends, aiming to secure a smaller company that met criteria which he felt would create sustainable success, even weathering potential market fluctuations in the coming years. He sought to acquire a company (, intent on ‘lowering production costs and developing efficient extraction and processing methodologies.’ He cited the importance of ‘developing consumer products focused on the retail market, because the higher margins and potential will be there, not in flower.’ Finally, he wanted to acquire a state-of-the-art growing facility and build a management and operations team with industry experience. He saw such potential in City View Green.”

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