Charles Taersk
ICC International Cannabis Corp.
ICC-X
HOLD
Oct 17, 2018
This is a company based in Uruguay, which also has a legal standing. Aurora has recently made a friendly takeover bid that has been accepted by both boards. This allows access to global distribution for Aurora.
They did an RTO in December. They are one of two in their South American country. They bought a large inventory in help seeds. It is used in pain and inflammation reduction. (Analysts’ target: $2.10).
(Top Pick July6/17, Down 16.96%) He sold on July 18th. He expected greater coverage by brokers and it never materialized. It is a 2018 story when their Hemp seed oil takes off.
One of the challenges for Canadian producers is that it is indoors and therefore high cost. It is subject to mould. This one is building a facility in Columbia and it will be lower cost to produce Marijuana. They will sell 10% to Canada.
This is a company based in Uruguay, which also has a legal standing. Aurora has recently made a friendly takeover bid that has been accepted by both boards. This allows access to global distribution for Aurora.