ICC Labs Receives Organic Hemp Certification, Readies for Harvest and Continues Construction of Laboratory
May 11 2018 - 8:36AM
Highlights:
ICC Labs Inc. (“ICC Labs” or the “Company”) (TSX-V:ICC)
(Frankfurt:2Q9) is pleased to announce that its wholly-owned
subsidiary, Tersum S.A., obtained a 100% organic certificate for
hemp (Cannabis Sativa) from the Organización Internacional
Agropecuaria. The certification applies to hemp produced at the
Company’s Canelones site in Uruguay, where the Company is
authorized by the Ministry of Agriculture to grow hemp on up to 101
acres.
The organic certification was completed in
accordance with the terms of the United States-Canada Organic
Equivalence Arrangement. The certificate continues in effect until
surrendered, suspended or revoked.
"Becoming certified organic shows our commitment
to producing high quality and chemical free products. We are
growing at our Canelones site without the use of pesticides,
synthetic nutrients, and without irradiation or cold
pasteurization. Although we seek to be a large scale producer, our
focus still remains on quality of product," commented Alejandro
Antalich, Chief Executive Officer of ICC Labs.
The Company is also preparing to start its first
outdoor harvest of hemp in Uruguay next week. The Company had
planted three different strains of hemp for its initial outdoor
crop so as to test their various attributes and behaviors under
Uruguayan geo-climatic conditions. The Company expects the harvest
to be completed one month after commencement.
Alejandro Antalich, added, “Our first outdoor
harvest will give our technicians the opportunity to discover the
behavior of the three different strains that we have cultivated. In
Uruguay, we are growing and producing according to high quality
standards, such as Good Agricultural Practices (GAP) and, with
respect to the Canelones site, our newly obtained organic
certification. Further, construction of our 33,175 sq. ft. CO2 CBD
extraction laboratory in accordance with Good Manufacturing
Practices (GMP) is proceeding and we estimate that it is almost 90%
complete.”
ABOUT ICC LABS INC.
ICC Labs is a fully licensed producer and
distributor of medicinal cannabinoid extracts, recreational
cannabis and industrial hemp products in Uruguay as well as a fully
licensed producer of medicinal cannabis in Colombia. The Company
has active operations in Uruguay, and is focused on becoming the
worldwide leading producer of cannabinoids extracts, giving support
and promoting the responsible use for medicinal purposes, backed by
scientific research and innovation, while following strict
compliance and the highest standards for quality and safety.
For more information, please visit
www.icclabs.com.
Contact:ICC Labs Inc.Alejandro Antalich, Chief
Executive Officer t: 598-2900-0000e: ir@icclabs.com
Neither the TSX-V nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX-V) accepts responsibility for the adequacy or accuracy of this
release.
Certain statements in this press release
constitute forward-looking information. All statements other than
statements of historical fact contained in this press release,
including, without limitation, those regarding the Company’s future
production and sales, results of operations, strategy, plans,
objectives, goals and targets, and any statements preceded by,
followed by or that include the words “believe”, “expect”, “aim”,
“intend”, “plan”, “continue”, “will”, “may”, “would”, “anticipate”,
“estimate”, “forecast”, “predict”, “project”, “seek”, “should” or
similar expressions or the negative thereof, are forward-looking
statements. These statements are not historical facts but instead
represent only the Company’s expectations, estimates and
projections regarding future events. These statements are not
guarantees of future performance and involve assumptions, risks and
uncertainties that are difficult to predict. Therefore, actual
results may differ materially from what is expressed, implied or
forecasted in such forward-looking statements.
Additional factors that could cause actual
results, performance or achievements to differ materially include,
but are not limited to: receipt of the requisite regulatory
approvals required, production and sale of organic products, the
successful completion of its first outdoor harvest and ICC’s
ability to complete the construction of its extraction laboratory.
Additional information identifying risks and uncertainties is
contained in the Company’s filings with Canadian securities
regulators, and available at www.sedar.com. Management provides
forward-looking statements because it believes they provide useful
information to investors when considering their investment
objectives and cautions investors not to place undue reliance on
forward-looking information. Consequently, all of the
forward-looking statements made in this press release are qualified
by these cautionary statements and other cautionary statements or
factors contained herein, and there can be no assurance that the
actual results or developments will be realized or, even if
substantially realized, that they will have the expected
consequences to, or effects on, the Company. These forward-looking
statements are made as of the date of this press release and the
Company assumes no obligation to update or revise them to reflect
subsequent information, events or circumstances or otherwise,
except as required by law.