Cannabis Stock News: ICC International Cannabis
Corporation (TSX VENTURE: $ICC) Included in First Medical #Marijuana #ETF -
(TSX: $HMMJ)
Vancouver,
British Columbia - April 6, 2017 (Investorideas.com Newswire) ICC International
Cannabis Corporation (TSX VENTURE:ICC) ("ICC" or the
"Company") is pleased to announce that it has been included in the
Horizons Medical Marijuana Life Sciences ETF (TSX:HMMJ). The Company
represented approximately 2.1% of the index weight as at market close on April
5, 2017.
The
North American Marijuana Index tracks the leading public cannabis companies
operating in the United States and Canada and gives investors up to date,
centralized news on the securities deemed to be well positioned within the
multi-billion dollar cannabis industry. Selected companies must meet stringent
trading guidelines including having a minimum market capitalization of $30
million and daily trading volumes of above $400K.
"We
are delighted to have Abattis added to the The Marijuana Index and look forward
to sharing our story with investors closely tracking this exciting
sector," stated Abattis CFO, Rene David. "As we approach sector
legalization, we'll start to see markets broaden their reach from the closely
covered cultivation and growing players to those advancing the technology and
biosciences side of the cannabis industry," added Mr. David.
Abattis'
subsidiary Northern Vine Labs is set to open its doors this month and will
legally be able to test dried plant products, extracts, derivatives and edibles
for licensed producers and patients under the ACMPR regulatory framework.
Management will continue to provide timely updates on these developments in the
coming weeks.
About Abattis Bioceuticals Corp.
Abattis
is a specialty agricultural technology and biotechnology company which
aggregates, integrates, and invests in agricultural technologies and
biotechnology services for the legal cannabis industry developing in
Can"The establishment of the first medical marijuana ETF is an important
milestone for the cannabis industry as a whole and specifically for ICC. In a
fast changing industry, we believe this ETF is a significant vote of confidence
for this up and coming asset class," commented Guillermo Delmonte, Chief
Executive Officer of the Company. "As a producer of cannabis with
operations outside of Canada, being included in the ETF serves as another layer
of credibility for the Company."
To
be eligible for inclusion in this ETF, issuers must meet certain minimum asset,
market capitalization and liquidity thresholds.
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 www.intcannabiscorp.com.
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 any 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 www.sedar.com.
Contact Information
ICC
International Cannabis Corporation
Guillermo Delmonte
Chief Executive Officer and Director
598-2900-0000
ir@intcannabiscorp.com
www.intcannabiscorp.com
Guillermo Delmonte
Chief Executive Officer and Director
598-2900-0000
ir@intcannabiscorp.com
www.intcannabiscorp.com
Watch the 420 Cannabis Investor video
More
Info:
This
news is published on the Investorideas.com Newswire - a global digital news
source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com
is a digital publisher of third party sourced news, articles and equity
research as well as creates original content, including video, interviews and
articles. Original content created by investorideas is protected by copyright
laws other than syndication rights. Our site does not make recommendations for
purchases or sale of stocks, services or products. Nothing on our sites should
be construed as an offer or solicitation to buy or sell products or securities.
All investment involves risk and possible loss of investment. This site is
currently compensated for news publication and distribution, social media and
marketing, content creation and more. Contact each company directly regarding
content and press release questions. Disclosure is posted for each compensated
news release, content published /created if required but otherwise the news was
not compensated for and was published for the sole interest of our readers and
followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
Additional info regarding BC Residents and global
Investors: Effective September 15 2008 - all BC investors should review all OTC
and Pink sheet listed companies for adherence in new disclosure filings and
filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894.
Global investors must adhere to regulations of each country.
No comments:
Post a Comment