CALGARY, AB / ACCESSWIRE / December 14, 2018 / International Cannabrands Inc. (CSE: JUJU) (the
"Company") is pleased to announce that it has closed the second tranche of its previously announced brokered
private placement (the "Offering") pursuant to an engagement letter with Gravitas Securities Inc. and Canaccord
Genuity Corp. (collectively, the "Agents").
The Company sold 5,500,000 units (each, a "Unit") at a price of $0.10 per share. Each Unit consisted of one (1)
common share and one (1) warrant. Each Warrant entitles the holder to purchase one additional Common Share at a price of $0.15 per
share for a period of 36 months. Together with the first tranche which closed December 7, 2018, the Company has raised gross
proceeds of $1,302,000 to date pursuant to the Offering.
The Agents will be paid a cash commission equal to 7% of the gross proceeds of the Offering and will also receive warrants to
purchase such number of common shares as is equal to 7% of the Units sold under the Offering (the "Broker
Warrants"). The Broker Warrants will be exercisable for a period of 36 months following closing of the Offering at an
exercise price of $0.10 per share.
All of the securities issued under the private placement are subject to a hold period expiring four months and one day from the
date hereof.
About International Cannabrands (ICI)
The Company's business model is to generate revenue from cannabis cultivation, brands ranging from flower to edibles and from
THC to CBD, oil extraction, ancillary products and apparel in the United States. ICI markets products with THC content where that
practice has been legalized at the state level through either medicinal or full recreational use. ICI also markets products
containing CBD in the US and internationally. ICI's strategy centers on acquiring micro brands, distribution and specific
manufacturing/cultivation companies in the cannabis space. ICI has acquired the exclusive rights to Julian Marley's JuJu Royal™
brand. The Company believes as the legal cannabis market evolves, high-quality, unique products will increasingly capture market
share and provide a valuable platform for growth.
About JuJu Royal
Julian Marley conveys his message of legalization, freedom, and love through the JuJu Royal brand, a line of naturally produced
medicinal herbs. Our vision is to realize the opportunity to become one of the largest brands in the Marijuana industry. The
synergy between the Rastafarian culture, music, natural products and an "Irie" experience is a powerful foundation for our
business. JuJu's strategy is to develop and grow a complete cannabis line based on an international appeal to a millennial
lifestyle seeking a luxurious and premium experience. JuJu will capitalize on the unparalleled opportunity to position itself with
unique, innovative, high quality brands that meet and exceed our customer's expectations. More information about the brand and
various products can be obtained at www.jujuroyal.net.
International Cannabrands Contact:
Steve Gormley
Chief Executive Officer
1045 Lincoln Street, #106
Denver, Colorado 80203
Ph: (323) 828-4321 or steve.gormley@intlcannabrands.com
Media Inquiries: media@jujuroyal.net
THIS PRESS RELEASE DOES NOT CONSTITUE AN OFFER TO SELL SECURITIES OR A SOLICITATION FOR PURCHASERS TO BUY SECURITIES.
THIS PRESS RELEASE IS NOT TO BE CONSTRUED AS A PUBLIC OFFERING IN ANY PROVINCE IN CANADA UNLESS A PROSPECTUS RELATING THERETO HAS
BEEN ACCEPTED FOR FILING BY A SECURITIES COMMISSION OR SIMILAR AUTHORITY IN SUCH PROVINCE.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPT RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities of
International Cannabrands Inc. in the United States, nor shall there be any sale of the securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful. The securities offered have not been and will not be registered under the
United States Securities Act of 1933, as amended, or any U.S. state securities laws and may not be offered or sold within the
United States or to, or for the account or benefit of, U.S. Persons unless registered under the United States Securities Act of
1933, as amended, and applicable state securities laws or unless an exemption from such registration is available.
Disclaimer concerning Forward-looking Statements
Certain statements included herein constitute "forward-looking statements" within the meaning of applicable securities laws.
Such forward-looking statements include, without limitation, regulatory approval of the Offering. Forward-looking statements are
necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are
inherently subject to significant business, economic and competitive uncertainties and contingencies. Investors are cautioned not
to put undue reliance on forward-looking statements. Additional risks and uncertainties regarding the Company are described in its
publicly-available disclosure documents filed by the Company on SEDAR (www.sedar.com). The
forward-looking statements contained in this news release represent the Company's expectations as of the date of this news release,
or as of the date they are otherwise stated to be made, and subsequent events may cause these expectations to change. Except as
required by law, the Company does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in
particular, new information or future events.
SOURCE: International Cannabrands Inc.
