ICC International Cannabis Corp WLDCF

ICC Announces Intention to Apply for Licenses in Colombia!!

[marexxx]

ICC International Cannabis Corporation Announces Intention to Apply for Licenses in Colombia

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 13, 2017) - ICC International Cannabis Corporation ("ICC" or the "Company") (TSX VENTURE:ICC) is pleased to announce that, as part of its strategic plan to become the world's largest and lowest cost producers of cannabidiol ("CBD"), it has incorporated a subsidiary in Colombia named ICC Colombia S.A.S. through which it intends to apply for a series of licenses pursuant to Article 2.8.11.2.1.2 of the Decree 613 of 2017, Article that develops Law1787 of 2016:

1. Seed License: This license grants a permit for the management of seeds that can be imported, exported, stored, transported and commercialized within Colombia. 
    
2. Non-psychoactive Cannabis Cultivation License: This license grants a permit to grow non-psychoactive cannabis plants, including seeding, purchase and production of seeds, sale, distribution, export and use for scientific purposes. 
    
3. Psychoactive Cannabis Cultivation License: This license grants a permit to grow psychoactive cannabis plants, including seeding, purchase and production of seeds, sale, distribution, export and use for scientific purposes. 
    
4. Manufacturing License: This license grants a permit for the formulation and manipulation of cannabis by-products. These can imported, exported, stored, transported and marketed. 
    

Numerous jurisdictions across South America continue to explore the decriminalization and legalization of both recreational and medical cannabis production. According to the latest news released by Colombian Government, regulations are expected to be ready in the second half of 2017. Any operations in Colombia would be subject to TSX Venture Exchange approval.

Establishing a presence in Colombia with its new subsidiary, coupled with the Company's proven production and operational expertise, further demonstrates that ICC is successfully executing on its many international strategic expansion initiatives. ICC anticipates entry into additional jurisdictions in the coming months, where lawful and subject to applicable regulatory approval.

"The ICC team is very excited by the many opportunities it is presented with as a leading producer and distributor of medical and recreational CBD products in the South American markets. We look forward to providing our insight and working closely with the Colombian government and its regulators, as they move forward towards the potential cannabis legalization in the coming months," commented Guillermo Delmonte, Chief Executive Officer of ICC.

Read more at https://www.stockhouse.com/news/press-releases/2017/06/13/icc-international-cannabis-corporation-announces-intention-to-apply-for#2PYyyGLS6F81fz4X.99