ICC International Cannabis (TSXV:ICC) announced its interim financial results for the second quarter of 2017.
As quoted in the press release:
“The first half of 2017 has seen ICC transition from being a development stage company, to becoming a fully licensed and approved recreational and medicinal cannabis producer in Uruguay. We continue to focus on expanding both our recreational and medicinal business segments, and are firmly on track to becoming a global leader of medicinal cannabis and cannabinoid (CBD) oil and extracts.” stated Alejandro Antalich, CEO of ICC.
Second Quarter: Recreational Highlights
- ICC had approximately 13,877 recreational cannabis plants in production and harvested approximately 6,143 recreational cannabis plants.
- The Company expects that new facility will allow it to produce, and subject to requisite regulatory approvals, sell up to 10 tonnes of recreational cannabis per year without additional capital investment.