- Icon
is looking ahead toward challenges within the Canadian cannabis industry
and potential long-term success
- The
company is building a highly experienced team
- Icon
is entering the market through a powerful play, differentiating it from
other players
Icon Exploration Inc. (TSX.V: IEX.H) is looking ahead toward
challenges within the Canadian cannabis industry and strategically preparing
for the long game. Icon sees potential beyond crop yield, a major focus of
other companies, and is focusing on lowering production costs while creating
and refining efficient extraction and processing methodologies.
Rob Fia, Icon president and CEO, brings to the company more
than 17 years of experience in the investment business. He has been involved in
several multimillion-dollar financings and advisory transactions in mining, oil
and gas, alternative energy, technology and health care. Now, as CEO of Icon,
Fia’s attention has turned to the emerging Canadian cannabis industry.
Approached early on by many cannabis startups in search of investors, Fia
realized that it made more sense to build a company from the ground up that
provided fundamentals other organizations were lacking. As a result, City View
Green (“CVG”) was acquired in a reverse takeover.
In addition, a 40,000-square-foot growing facility in
Brantford, Ontario, is currently in the planning stages, further cementing Icon
and CVG’s sights on the long game. Once CVG’s application to Health Canada for
an Access to Cannabis for Medical Purposes Regulations (“ACMPR”) license is
granted, the facility will be used to provide superior pharmaceutical-grade
cannabis products. Furthermore, 4,000 square feet have been set aside for an
extraction laboratory, while 4.3 acres remain for future construction.
A highly experienced team has also been carefully assembled
to ensure that the company operates with maximum efficiency. Master growers
responsible for Icon’s cannabis cultivation bring to the table more than 20
years of experience. These botanists have invaluable understanding about the
mediums of soil, coco and drip and deep-water culture; they are also proficient
in indoor, outdoor and greenhouse growing. An extraction expert has also joined
the team, bringing vital expertise in developing and launching new products.
“If you differentiate yourself in the market, you’ll attract
the attention of investors,” Fia stated in a news release (http://ibn.fm/L9S6n). “I think
we’re entering the market at just the right time. We’re getting in at the
second inning of a long ball game. There’s a lot of room to be a powerful entry
into the space, and once the market sees what we’ve done here, it will be very
exciting.”
Icon is setting itself apart as a company that’s capable of
resisting market fluctuations by minimizing operation costs and looking ahead
toward challenges that may arise in the industry, thereby producing long-term
returns for shareholders and investors. The company’s prime objective is to
create a well-diversified organization that’s focused on assessing and
potentially acquiring targets in the cannabis industry.
For more information, visit the company’s website at www.IconExploration.net
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