I always tell my readers that if you don’t have some international holdings in your investment portfolio, you’re not really diversified at all. This is particularly true when it comes to cannabis company investing: concentrating 100% of your allocations in the North American market is a needlessly risky proposition.
There’s a whole world of potential cannabis consumers out there beyond Canada and the United States that are ripe for the picking to a company that has the necessary licenses, capital, and connections, though you might have trouble finding a company with those resources because the vast majority of cannabis companies tend to focus solely on local markets.
Looking abroad, the research indicates that Germany is an especially lucrative market in the cannabis space: it’s Europe’s number-one economy, with a population of over 82 million, and the German patient population for medical cannabis comprises over 79,000 currently active patients, up from approximately 800 in 2017.
The data also reveals that Switzerland’s cannabis consumer base is extensive and eager to buy the product. With a population of 8.4 million and annual cannabis and hemp product sales of €87.8 million, the Swiss market is truly the next frontier for the multinational cannabis business.
After months of intensive research, I’ve found only one company with a strong presence in these burgeoning markets. It’s a company that specializes in acquiring cannabis assets all over the world, and it’s called ICC International Cannabis Corp. (CSE: WRLD.U, OTC: WLDCF).
In a deal that’s making history as the biggest European cannabis deal ever, International Cannabis Corp. will acquire nearly half of Wayland Group’s international assets and license portfolio. This will grant ICC unprecedented access to the massive European cannabis consumer market – a windfall for the business, as well as for investors.
According to the terms of the agreement, ICC will acquire a 49.9% interest stake in a German medical cannabis import license, a huge 820,000-square-foot facility with a 50,000-square-foot certified packaging/distribution center, annual production of over 2,400 kilograms of CBD isolate, 165 hectares of CBD cultivation operations, and a three-year agreement to supply medical cannabis to 2,200 pharmacies.
Courtesy: International Cannabis Corp. Investor Presentation
The numbers will be equally impressive in Switzerland: with the Wayland deal, ICC will acquire a 49.9% stake in Haxxon AG, which operates a 60,000-square-foot production facility located just outside of Zurich. Switzerland has robust healthcare expenditures of upwards of €50 billion per year, so ICC’s move into the Swiss medical cannabis market is timed perfectly.
Courtesy: International Cannabis Corp. Investor Presentation
In addition to Germany and Switzerland, the deal with Wayland Group will provide ICC with large-scale acquisitions in Italy, Argentina, the U.K., Colombia, Malta, and Australia. Even beyond the Wayland acquisitions, ICC has significant cannabis holdings in Denmark, Poland, Macedonia, Bulgaria, Greece, Italy, Portugal, Argentina, and Africa.
It’s the deal with Wayland Group that’s making the headlines, though. Through this agreement, ICC is on track to become the first commercial production THC license holder in Switzerland. In Germany, ICC now holds a three-year supply contract to import 35,000 kilograms of medical-grade cannabis – a big number that’s set to bring big revenues.
The world is witnessing a record-shattering acquisition deal that’s put International Cannabis Corp. and WRLD.U/WLDCF shares at the top of my watch list. I suggest taking a long position now before the next set of revenue stats are printed because I can assure you that they’re going to be extraordinary.
Best Regards,
Brad Robbins
President, PureBlockchainWealth.com
Legal Notice:
This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. Never base any decision off of our emails. Never base any decision off of our emails. Wallace Hill Partners LTD owned by the same members who own Pure Blockchain Wealth, have entered into a three year agreement with International Cannabis, purchased shares, and have received three hundred thousand dollars. This publication may provide the addresses or contain hyperlinks to websites; we disclaim any responsibility for the content of any such other websites. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.
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