ICC Provides Operational Update, Including Successful Transition to New State-Of-The-Art Facility and Ramp-Up of Its Recreational Cannabis Production
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/10/17 -- Editors Note: There is a photo associated with this press release.
ICC International Cannabis Corporation ("ICC" or the "Company") (TSX VENTURE: ICC) is pleased to announce that it has successfully transitioned its recreational cannabis production facility to a new 70,565 square foot state-of-the-art greenhouse located in Montevideo, Uruguay. The relocation is part of the Company''s ramp-up in recreational cannabis production and a total of 5,000 plants and 3,500 cuttings have been moved to our new facility. The facility will allow the Company to produce up to 10 tonnes of recreational cannabis per year without additional capital investment.
"We are extremely pleased with the success of this transition to our new greenhouse. It marks an important operational milestone because it allows ICC to significantly increase production in order to meet the anticipated Uruguayan demand for recreational cannabis," commented Guillermo Delmonte, Chief Executive Officer.
The specifications of the new facility are set out below:
The Company expects to produce approximately 2 tonnes of recreational cannabis in 2017. As soon as distribution and sales commence, ICC expects its recreational segment to be break-even on a cash-flow basis.
Please visit the ICC website at for additional photographs illustrating the progress at our new facility.
ABOUT ICC INTERNATIONAL CANNABIS CORPORATION
The Company has operations in Uruguay, and is focused on the licensed production, development and sale of recreational cannabis, cannabinoid extracts and by-products for medicinal uses and industrial hemp. For more information, please see .
Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Certain information in this press release may constitute forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict, including the Company''s ability to obtain the requisite regulatory approvals. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company.
Additional information identifying risks and uncertainties is contained in the Company''s filings with Canadian securities regulators, which filings are available at .
To view the photo associated with this release, please visit the following link:
Contacts:
ICC International Cannabis Corporation
Guillermo Delmonte
Chief Executive Officer and Director
598-2900-0000
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Datum: 10.02.2017 - 05:00 Uhr
Sprache: Deutsch
News-ID 1485948
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VANCOUVER, BRITISH COLUMBIA
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Recreation
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