IC Potash provides update on listing on Canadian Stock Exchange
November 20 2017 - 3:30PM
IC Potash Corp. (TSX:ICP) (OTCQB:ICPTF) (“IC
Potash” or the “Company”) wishes to provide an update on the timing
of the commencement of trading on the Canadian Stock Exchange (the
“CSE”). The Company will delist from the Toronto Stock
Exchange at the close of trading on Wednesday, November 22, 2017
and commence trading on the CSE on Thursday, November 23,
2017. Prior to the commencement of trading on the CSE, the
Company will be completing a change of name and will issue a
further press release as soon as it has received confirmation of
its trading symbol on the OTCQB.
About the CompanyThe Company is
establishing a diversified portfolio of investments and interests
with initial focus on organic fertilizers and resource assets. ICP
Organics’, a wholly owned subsidiary of the Company, focal point is
research, development and investment in the fertilizer and medical
cannabis sectors, with emphasis on organic fertilizers,
pesticide-free products, and specialty cannabis-related consumer
product branding and retail sales. Organic products provide
value-enhancing opportunities to medical cannabis and other
agricultural growers allowing the producers to sell products at
premium prices. The introduction of blockchain technology to the
cannabis industry will form the foundation for secure operational
processes and streamline domestic and international distribution
networks.
The Company intends to establish joint research
and development partnerships with Canadian Licensed Producers
operating under ACMPR regulations in Canada. The Company is also
establishing commercial relationships with medical and recreational
cannabis producers in the United States. The Company has made an
equity investment in cannabis operations in South America. As the
Company grows, it plans to build a diversified portfolio in
commercial-scale cannabis cultivators and related downstream
cannabis industry providers. The Company may invest in various
private and public companies in diversified sectors on an
opportunistic basis.
For more information, please visit
www.icpotash.com.
Forward-Looking
StatementsCertain information set forth in this news
release may contain forward-looking statements that involve
substantial known and unknown risks and uncertainties and other
factors which may cause the actual results, performance or
achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements. Forward-looking statements include
statements that use forward-looking terminology such as “may”,
“will”, “expect”, “anticipate”, “believe”, “continue”, “potential”
or the negative thereof or other variations thereof or comparable
terminology. Such forward-looking statements include, without
limitation, statements regarding planned investment activities
& related returns, trends in the markets for fertilizers and
medicinal or recreational use of cannabis, the timing or assurance
of the legalization of recreational cannabis, the timing for
completion of research and development activities, the potential
value of royalties from water and other resources, and other
statements that are not historical facts. These forward-looking
statements are subject to numerous risks and uncertainties, certain
of which are beyond the control of the Company, including, but not
limited to, changes in market trends, the completion, results and
timing of research undertaken by the Company, risks associated with
resource assets, the impact of general economic conditions,
commodity prices, industry conditions, dependence upon regulatory,
environmental, and governmental approvals, the uncertainty of
obtaining additional financing, and risks associated with cannabis
use for medicinal or recreational purposes. Readers are cautioned
that the assumptions used in the preparation of such information,
although considered reasonable at the time of preparation, may
prove to be imprecise and, as such, undue reliance should not be
placed on forward-looking statements.
For More Information, Please
Contact:
Mehdi Azodi, IC Potash, President & CEO, 416
779 3268, mazodi@icpotash.org