ICC International Cannabis Corp. (CSE:WRLD.U)(8K51.F)(KNHBF) (“ICC” or “International Cannabis” or the “Company”) is pleased to announce it has entered into an agreement to purchase 155 metric tonnes of processed industrial hemp from Eviana Health Corporation (“Eviana”) (CSE:EHC). International Cannabis has also simultaneously entered into a definitive agreement to acquire 100 per-cent of Future Hemp Corp. (“Future Hemp”), which holds an exclusive supply agreement for the delivery of 400 metric tonnes of certified organic hemp from a licensed Croatian producer (the “Future Hemp Agreement”).

This acquisition closes the loop for ICC, the Company now boasts: Local presence in 13 European countries via licensing or off-take agreements, supply on hand of product ready for sale starting in Q2 2019, an experienced operational team via the 49.9 acquisition of Wayland’s assets, including the ability to formulate and produce various product lines, soon to be announced world class brands, 39,000 retail outlets for distribution and to top it all off, Europe’s first dedicated insurance program for medical cannabis patients.  This virtuous circle from local production, to remarkable brands and to patient support is believed to be unparalleled in the European market today.

The 155 metric tonnes of processed, extraction-ready hemp will be transported to Eviana’s existing Serbian facilities for immediate extraction in the coming days. The Companies estimate that by utilizing new extraction technology purchased by Eviana and integrated with their existing extraction equipment, the 155 metric tonnes of high-quality, organic cannabidiol (“CBD”) oils within 200 days.

Pursuant to the Future Hemp Agreement, the harvest of 400 tonnes of certified organic hemp is expected to take place in September 2019. Upon completion of the harvest, it is intended that the product will be sorted, processed and then transported for end extraction and distribution.

The immediate addition of already processed hemp which can be readily converted into high-quality, organic CBD oils allows the Company to fulfill its growing pipeline of purchase orders in an expedited fashion.

International Cannabis plans to leverage its developing portfolio of brands as well as its robust distribution network of over 39,000 European pharmacies to maximize margins and profitability by marketing and selling CBD products derived from its Serbian and Croatian industrial stockpiles.

Distribution of the Company’s Serbian and Croatian CBD-derived products will signal the launch of International Cannabis’ dedicated European sales campaign (see International Cannabis news release dated November 7, 2018). Upon completing a comprehensive analysis of European market conditions, the Company chose to initiate a committed European marketing and sales operation, with the objective of augmenting the unsolicited, inbound demand received to date. The European Union (“EU”) has over 500 million potential consumers, affording the Company a unique opportunity to service this high-growth marketplace.

Eugene Beukman, Chief Executive Officer and a Director of International Cannabis, stated: “These strategic acquisitions crystallize the Company’s ability to consistently supply our pan-European distribution network with a suite of organic CBD products. The now secured hemp inventories equip International Cannabis with the ability to deliver product to our distribution network starting in Q2 2019.

With ample stockpiles of processed hemp already in hand, this unique marriage with ICC’s distribution assets creates a truly synergistic union for shareholders of both Companies, which we are tremendously pleased to have architected to begin 2019.

This grants the Company additional ability to post significant operating numbers in 2019 and secure its first-mover advantage in what is probably the world’s largest and most important unified market for CBD products. By combining a material stockpile of already processed hemp with a steady pipeline of organic hemp available for harvest, ICC is fully equipped to execute upon its 2019 and 2020 purchase order obligations.

Organic CBD isolate is currently trading within the European Union at 12,000 Euro equivalent per kilogram, translating to hundreds of millions of dollars of realizable revenues to ICC.  By further formulating and branding into a market starved for product, the Company could geometrically multiply this figure.”

Marijuana stocks have continued to move into the international space over the past year or two given the friendlier market abroad. With countries like Germany and specific areas in Africa choosing to legalize the use of cannabis, it seems as though more and more companies are making their entrance into the legal weed market.

Of course, the tax benefits to the government are one of the largest driving factors, but additionally, countries can see their GDP’s rise in the billions just by legalizing cannabis.

One of the largest pieces of news to hit the market was back on Friday when tobacco giant Altria (MO)
decided to take a massive stake in the company Cronos Group (NASDAQ:CRON). This helped to push a large rally throughout the market with Cronos shooting up as much as 25% during intra-day trading. This of course, helps to illustrate how quickly the market is shifting for the future.

In terms of international marijuana stocks, International Cannabis Corp. (WRLD.CN)(KNHBF) as the name suggests, has been working to have operations abroad in various world markets. ICC works not in the traditional grower methodology of cannabis, but rather in licensing and producing products for various markets around the globe. The company recently acquired Enigma Unipessoal LDA, with a common share offering of around 18 million shares. The company Enigma works as a massive hemp producer based out of Portugal.

Hemp has increasingly become a large industry as the uses for the production of CBD and other hemp-based products are skyrocketing. The medicines that they produce are also some of the top-rated hemp based medicines in the market, which makes this acquisition make that much more sense.

ICC is only one of a handful of companies that have expanded their operations deeply into the international markets. Within this, however, there is still a large amount of room for improvement.

One of the largest global markets as mentioned earlier is Germany. Germany currently has the potential to be the largest European industry on cannabis since they have had medicinal weed legalized since back in 2017. The country has predicted that sales for legal marijuana by the end of 2022 could reach as much as $1.6 billion. This number comes in with around $263 million in spending this year alone. With as much as 700,000 consumers currently purchasing legal weed in the industry, Germany is one of the countries to watch as the future rolls on.

The Cronos Group recently entered into an exclusive distribution group with the company Peace Naturals. These products will be able to be distributed throughout the German market, as the latter company has a massive domestic distribution network. Cronos will begin shipping in the next few months, the entrance into the German market is critical for Cronos’ international successes. Mike Gorenstein, the CEO of Cronos stated that “we are ecstatic to partner with Pohl-Boskamp, an established and reputable pharmaceutical leader. This partnership allows us to leverage an existing industry leading pharmaceutical distribution channel to immediately create the world’s largest medical cannabis distribution platform.”

Of course, all of these factors take time to settle down, but the future of international cannabis continues to look extremely exciting.

Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and ICC International Cannabis Corp. (WRLD.CN) (KNHBF). Midam is being paid $150,000 for a period of 30 days beginning October 25, 2018 and ending November 25, 2018; now extended to Nov 28, 2018. We own 0 shares of ICC International Cannabis Corp. (WRLD.CN) (KNHBF). We may buy or sell additional shares of (WRLD.CN) (KNHBF) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about ICC International Cannabis Corp. (WRLD.CN) (KNHBF). Click Here For Full Disclaimer