Item 8.01 Other Events.

On December 9, 2019, Iconic Brands, Inc. (the "Company") issued a press release announcing the execution of a Stock Purchase Agreement with Canbiola, Inc. ("Canbiola") and Green Grow Farms, Inc. ("Green Grow") in connection with the sale of the Company's majority equity interest in Green Grow to Canbiola. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

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