REPEAT - International Cannabis and Organic Flower Enter Into European Distribution and Collaboration Agreement
May 08 2019 - 8:00AM
ICC International Cannabis Corp. (CSE: WRLD.U)(FWB:
8K51)(OTC: WLDCF) ("ICC" or
“International
Cannabis” or the
“Company”) and
Organic Flower Investments Group Inc.
(CSE: SOW)(FWB: 2K6)(OTC: QILFF) (“
Organic
Flower”) are pleased to announce the Companies have
entered into a distribution and cannabis processing/finishing
agreement (the “Downstream Agreement”).
Under the terms of the Downstream Agreement, ICC will permit
Organic Flower unbridled access to its European distribution
network comprised of 80,000 retail outlets and pharmacies, as well
as grant Organic Flower commercial rights for cannabis
processing/finishing at its EU-GMP certified facilities. Organic
Flower will also remunerate International Cannabis according to
floating royalty matrix based on the net sales of Organic Flower
products sold through ICC’s European distribution channels.
Organic Flower will leverage International Cannabis’ expansive
downstream footprint to distribute its diverse product offering,
including:
- Dried cannabis flower;
- Functional foods and beverages;
- CBD-infused pain relief creams and roll-ons;
- Hemp-oil based organic cosmetics and personal care
products;
- Premium adult-use beverages; and,
- Cannabinoid/terpene-infused edible products.
By way of an exclusive agreement, International Cannabis is
equipped with a trans-European distribution network, spanning 16
countries, including: Germany, United Kingdom, Ireland, Denmark,
Italy, France, Singapore, Spain, Poland, the Netherlands and
Greece. ICC’s European distribution network is augmented by various
value-added services, including:
- Strategic procurement;
- Warehousing;
- Product registration; and,
- Regulatory representations.
Joel Dumaresq, Chief Executive Officer and a Director of Organic
Flower stated: “International Cannabis’ deep-seated understanding
of European import/export regulations, coupled with its robust
distribution channels provides Organic Flower with a springboard to
expedite the placement of its unique product portfolio on European
shelves. Organic Flower is of the opinion that ICC’s down line
distribution footprint is unmatched within the European THC/CBD
operating theatre and will afford Organic Flower with first-rate
exposure to the next wave of cannabis alpha returns.”
ABOUT INTERNATIONAL CANNABIS
ICC International Cannabis, through its subsidiaries, has
operating assets and is developing a world-class platform for
cultivation, extraction, formulation and distribution across the
globe in the United Kingdom, Denmark, Poland, Switzerland, Germany,
Macedonia, Bulgaria, Serbia, Croatia, Greece, Italy, Portugal,
Malta, Colombia, Argentina, Australia, South Africa and
Lesotho.
ABOUT ORGANIC FLOWER
Leveraging strategic relationships, proprietary investments and
exclusive partnerships with preeminent international cannabis
cultivators and formulators for the development of best in class
products and brands to be marketed and distributed throughout our
global footprint.
Via its wholly owned subsidiary, Delta Organic Cannabis Corp
(“DOC”), Organic Flower is launching one of the largest and most
efficient cannabis facilities on the planet.
Organic Flower has assembled a unique portfolio of downstream
and product formulation operations and assets including:
- Exclusive cannabinoid-infused supply and distribution agreement
with a premier Canadian Bottler (cannabinoid-infused
beverages);
- Agreement to acquire a Canadian CBD cosmetics/topicals
manufacturing company, equipped with a vertically integrated,
farm-to-face model (cosmetics and topicals);
- JV with one of North America’s largest manufacturer
and distributor of chocolate and sugar confectionary products
(cannabinoid-infused edibles and functional foods);
- Sole Canadian manufacturer and distributor of an innovative
beverage dispensing cap technology, equipped with a
proprietary cannabinoid delivery mechanism (cannabinoid-infused
beverages); and,
- Exclusive partnership with a leading Toronto-based brewery
(output capacity of over 200,000 HL per annum) to formulate,
manufacture and distribute cannabinoid-infused beverages
ON BEHALF OF THE ICC INTERNATIONAL CANNABIS AND ORGANIC
FLOWER BOARD OF DIRECTORS
“David
Shpilt” |
“Joel
Dumaresq” |
|
|
David Shpilt |
Joel Dumaresq |
Chief Executive Officer |
CEO, Director |
+001 (604) 687-20638 |
+001 (604) 687-20638 |
|
|
info@intlcannabiscorp.com |
info@sowcannabis.ca |
|
|
Investor Relations Contact: |
For ICC French inquiries: |
kris@intlcannabiscorrp.com |
Remy Scalabrini, Maricom Inc. |
+001 (416) 597-5769 |
E: rs@maricom.ca T: +1 (888) 585-MARI |
Learn more about ICC by visiting our website
at: https://intlcannabiscorp.com/
Stay up to date with everything happening at ICC by following or
liking us on:Facebook
- https://www.facebook.com/ICCWRLD/Twitter -
https://twitter.com/ICC_WRLDLinkedIn
- https://www.linkedin.com/company/icc-wrld/
Learn more about Organic Flower by visiting our website
at: https://sowcannabis.ca/
THE CSE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.
Notice Regarding Forward Looking
Information:
This news release contains certain
"forward-looking information" within the meaning of applicable
Canadian securities law. Forward-looking information is frequently
characterized by words such as "plan", "continue", "expect",
"project", "intend", "believe", "anticipate", "estimate", "may",
"will", "potential", "proposed" and other similar words, or
information that certain events or conditions "may" or "will"
occur. This information is only a prediction. Various assumptions
were used in drawing the conclusions or making the projections
contained in the forward-looking information throughout this news
release. Forward-looking information includes, but is not limited
to: political changes in Canada and internationally, future
legislative and regulatory developments involving cannabis in
Canada and internationally, the Company’s ability to secure
distribution channels in international jurisdictions, competition
and other risks affecting the Company in particular and the
cannabis industry generally.
The forward-looking information contained in
this release is expressly qualified by the foregoing cautionary
statements and is made as of the date of this release. Except as
may be required by applicable securities laws, the Company does not
undertake any obligation to publicly update or revise any forward-
looking information to reflect events or circumstances after the
date of this release or to reflect the occurrence of unanticipated
events, whether as a result of new information, future events or
results, or otherwise.
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