New Danish Cannabis Export Regulations Very Positive for ICC; Auxly Uruguay Distribution Partnership Moves Toward Commercialization
VANCOUVER, British Columbia, Jan. 10, 2019 (GLOBE NEWSWIRE) -- ICC International Cannabis Corp. (CSE: WRLD.U) (FWB: 8K51) (OTC: KNHBF) ("ICC" or “International Cannabis” or the “Company”) is pleased to provide the following updates pertaining to Denmark’s Cannabis export regulations, as well as Auxly Cannabis Group Inc.’s (TSXV: XLY) (“Auxly”) acquisition of licensed Uruguayan Cannabis operator and CBD distributor, Inverell SA.
DANISH EXPORT REGULATIONS
On January 1, 2019, the Government of Denmark implemented an executive order authorizing the bulk shipments of medical Cannabis. Bulk exports of Danish medical Cannabis are now permitted in any form and quantity, provided the requisite permits are obtained. This executive order builds on preliminary Danish export regulations adopted in 2018, which allowed for single-dosage medical Cannabis exports.
Eugene Beukman, chief executive officer and a director of International Cannabis, stated: “The Kingdom of Denmark is emerging as the preeminent European jurisdiction for medical Cannabis cultivation. International Cannabis applauds Denmark’s recent executive order, which permits bulk shipments of medical Cannabis.
This recent executive order further reinforces the Company’s opinion that it holds one of the few Danish medical Cannabis licenses; and that these licenses have become premier European Cannabis assets, given the access allowed to the EU by Denmark’s recently revised export regulations.”