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Iconic Brands, Inc. has completed the acquisition of TopPop LLC, entering the market of ready-to-freeze alcoholic ice pops. The company secured approximately $40 million in equity financing to fund the acquisition and expansion efforts. The net cash proceeds are anticipated to be around $30 million, aimed at enhancing TopPop’s operations, boosting the Bellissima brand, and increasing inventory to meet rising demand. The company is also focusing on recruiting executives for potential up-listing to a national exchange.
