ICC Responds to Media Reports
August 23 2018 - 2:25PM
ICC Labs Inc. (“ICC Labs” or the “Company”) (TSX-V: ICC) is aware
of a recent Spanish language media report speculating as to a
potential transaction involving the acquisition of the Company. The
policy of the Company is not to comment on rumors or speculation in
the marketplace or any potential transaction unless, and until, a
binding legal agreement to effect that transaction has been
signed.
However, in response to a request from the
Investment Industry Regulatory Organization of Canada, the Company
confirms that it engages from time to time in discussions with
other industry players regarding various alternatives. There
can be no assurance that the Company will enter into any
transaction or take any other corporate action as a result of any
such discussions. ICC does not intend to make any further
comment on this matter except as may be required by applicable
securities laws.
ABOUT ICC LABS INC.
ICC Labs is a fully licensed producer and
distributor of medicinal cannabinoid extracts, recreational
cannabis and industrial hemp products in Uruguay as well as a fully
licensed producer of medicinal cannabis in Colombia. The Company
has active operations in Uruguay, and is focused on becoming the
worldwide leading producer of cannabinoid extracts, giving support
and promoting responsible use for medicinal purposes, backed by
scientific research and innovation, while following strict
compliance with standards for quality and safety.
For more information, please visit
www.icclabs.com.
Contact:ICC Labs Inc.Alejandro Antalich, Chief
Executive Officer t: 598-2900-0000 ext. 404e: ir@icclabs.com
Neither the TSX Venture Exchange (the
“TSX-V”) nor its Regulation Services Provider (as that term is
defined in the policies of the TSX-V) accepts responsibility for
the adequacy or accuracy of this release.
Certain statements in this press release
constitute forward-looking information. All statements other than
statements of historical fact contained in this press release,
including, without limitation, those regarding the Company’s future
production and sales, results of operations, strategy, plans,
objectives, goals and targets, and any statements preceded by,
followed by or that include the words “believe”, “expect”, “aim”,
“intend”, “plan”, “continue”, “will”, “may”, “would”, “anticipate”,
“estimate”, “forecast”, “predict”, “project”, “seek”, “should” or
similar expressions or the negative thereof, are forward-looking
statements. These statements are not historical facts but instead
represent only the Company’s expectations, estimates and
projections regarding future events. These statements are not
guarantees of future performance and involve assumptions, risks and
uncertainties that are difficult to predict. Therefore, actual
results may differ materially from what is expressed, implied or
forecasted in such forward-looking statements.
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