Aurora Cannabis and ICC labs announced today the completion of the previously announced plan of arrangement pursuant to which Aurora has acquired all of the issued and outstanding common shares of ICC for $1.95 per share, reflecting an aggregate purchase price of approximately $290 million. ICC is now a wholly-owned subsidiary of Aurora. Completion of the Arrangement follows receipt of approval of the Arrangement from the Instituto de Regulación y Control del Cannabis, the Uruguayan regulatory authority overseeing the regulation and control of cannabis in Uruguay.
ICC’s common shares will be delisted from the TSX Venture Exchange, subject to TSX-V approval, and applications will be made for ICC to cease being a reporting issuer.
This transaction combines two pioneering cannabis companies with fully aligned international growth ambitions, immediately positioning Aurora as the market leader in Latin America, an area with well over 650 million people. Not only does ICC have substantial low cost, high-quality production capacity, it is the first company in Latin America which has completed a GMP compliant extraction facility, which will play an important role in supplying higher-margin CBD-based products for the global cannabis and wellness markets.
The acquisition of ICC establishes Aurora as the industry leader in Latin American, a region which encompasses more than 650 million people from across Mexico, the Caribbean, Central America, and South America. ICC, based in Uruguay, the first country in the world to legalize cannabis for adult consumer use, has developed a strong portfolio of high-quality, low-cost production assets, product offerings, and commercial agreements. Located in Uruguay’s free trade zone, ICC’s state-of-the-art science and GMP compliant processing facility, the first of its kind in Latin America, brings very significant capacity and early mover advantage to build significant market share both in Latin America and the international cannabis and wellness markets.
Headquartered in Edmonton, Alberta, Canada with funded capacity in excess of 500,000 kg per annum and sales and operations in 20 countries across five continents, Aurora is one of the world’s largest and leading cannabis companies. Aurora is vertically integrated and horizontally diversified across every key segment of the value chain, from facility engineering and design to cannabis breeding and genetics research, cannabis and hemp production, derivatives, high value-add product development, home cultivation, wholesale and retail distribution.
Highly differentiated from its peers, Aurora has established a uniquely advanced, consistent and efficient production strategy, based on purpose-built facilities that integrate leading-edge technologies across all processes, defined by extensive automation and customization, resulting in the massive scale production of high-quality product at low cost. Intended to be replicable and scalable globally, our production facilities are designed to produce cannabis of significant scale, with high quality, industry-leading yields, and low per gram production costs. Each of Aurora’s facilities is built to meet EU GMP standards, and its first production facility, the recently acquired MedReleaf Markham facility, and its wholly owned European medical cannabis distributor Aurora Deutschland, have achieved this level of certification.
50 Cannabis Media Sites THIS IS A TEST.
Go on Green, a leader in smart products for cannabis consumers announced today the pre-sale launch of Kassi, the world’s first and most advanced smart medical cannabis storage hub built with IoT connectivity to a mobile app.
The revolutionary patent-pending Kassi is a smart medical storage hub that enhances the benefits of medical cannabis consumption, by delivering an innovative solution for tracking and maintaining optimal cannabis freshness and effectiveness.
The sleek device delivers a holistic solution by including a smart scale, mobile app and medical-grade grinder, developed with the unique ability to minimize harm to the trichomes while maintaining potency.
Users can view real-time temperature and humidity due to Kassi’s smart sensor which delivers information to the mobile app. Humidity is directly adjusted via the integrated Boveda® 2-way humidity pack. Kassi’s smart digital scale delivers information each time quantity changes.
When paired with its iOS and Android mobile app, Kassi automatically logs the time of consumption, dosage history, and current amounts. Furthermore, Kassi can send quantity-bases reminders, ensuring timely repurchase.
In addition to offering easy purchase from dispensaries, users can log in specific strains, treatment effect, location and time of purchase. Kassi analyzes this information and sends users recommendation about similar strains.
In addition to maintaining correct humidity & temperature levels, access to cannabis storage data is vital for maintaining optimal freshness, consumption, and safety.
Kassi’s mobile app connectivity offers:
“We built the world’s first IoT connected cannabis storage hub for short and long-term storage.” Shared Ido Havilio, founder at Kassi. “Kassi preserves cannabis with humidity & temperature monitoring, to maintain optimal freshness and effectiveness”. He explained.
The industry is shifting towards one-stop-shop consolidating products and information in a single marketplace. With Kassi, Go on Green plans on taking this idea one step further and provide users with a one-stop-hub. A complete, holistic solution, answering multiple needs and making it easier for consumers to get the most of their Medical cannabis.“Kassi is now available for pre-order via the official Kassi Website – https://getkassi.com at an introductory price of $150 which is 40$ off the expected retail price and is expected to start shipping at the end of Q1 2019.
Full Disclosure – Go on Green is a CannaImpact client.
If you happen to be a marijuana aficionado, here’s a peek into the 7 of the most extravagant cannabis dispensaries in the United States. If you’re traveling to the US or curious to see what all the hype is about, add these places to your bucket list, and plan the weekend for some weed-filled adventures – all you have to do is waltz into these stores (as long as you’re over 21 of course!)
Planet 13 happens to be the world’s largest recreational cannabis store. At 40,000 sq.ft., Planet 13 is now one of the world’s largest weedmarts. This store works as a twenty-four-hour cannabis dispensary. Planet 13 caters to the medical cannabis sector as well. From vapes to capsules, Planet 13 has it all. But what really makes Planet 13 stand out and a one of a kind experience is an attached distillery that offers a visual experience for visitors.
Some of this involves exquisite walkways that are lit with sensory activated LED lights that detect your presence and leaves behind an array of lights and colors along with your part. Another favorite is the 3D projections all around the lobby walls. All in all, Planet 13 isn’t just a fancy cannabis dispensary, it is a visual treat as well.
Enter Diego Pellicer, and you’ve stepped into cannabis heaven. Located in the seaport city of Seattle, Diego Pellicer is the brainchild of Jamen Shively. This dispensary boasts of a variety of cannabis products, from fancy vapes, grinders, and chillums, to various strains, bulk or pre-rolled joints.
While some of these products have prices that may burn a hole in your pockets, this is one place you simply must visit. These guys have gone all out with their products, and you’ll see for yourself their love for marijuana.
This Florida based cannabis dispensary sells both medicinal and recreational pot. Trulieve works relentlessly to ensure that the herbs are hand-grown in an environment that is free from any chemicals or pest.
What makes this center stand out is they have a team of expert physicians to help you, should you need advice with regard to both the medicinal and recreational use of cannabis. Trulieve also has the credit of being Florida’s first marijuana dispensary, since the drug was made legal.
This cannabis dispensary enhances your cannabis experience with a constantly changing menus, fun events, and even a cute corgi that you can play with (and will grow to love), every time you enter the store. Located in Seattle, American Mary is one cannabis dispensary that will never fail to disappoint you.
Whether you are looking for indica-dominant premium cannabis flowers, or hybrid strains, bulk or pre-rolled, they have it all. It does not end there – American Mary has weed chocolates, mints, brownies, and several drinks as well. Don’t forget to check out their fancy grinders, glasses, and vapes too!
Head to Denver and make your way to the Euflora Recreational Marijuana store. You can then treat yourself to some extremely high-end marijuana flowers, concentrates, edibles, and other CBD products. These guys have a lot to offer but based on customer favorites, the top picks at Euflora Recreational Marijuana include Sour Diesel, Blue Dream, Jack Flash, Bruce Banner, Golden Goat, and (surprisingly) Island Sweet Skunk – don’t let the name fool you!
These guys boast of years of strain hunting, and careful horticultural breeding, to develop some of the best, most potent cannabis strains that you’ll find in Colorado.
Located just steps from the strip, this warm and welcoming Vegas dispensary is committed to providing world-class cannabis and cannabis products to everyone who walks in the door, whether they’re from across town or across the globe.
ReLeaf’s team of professional staff go through extensive training so that they’re able to make the best recommendations to each one of their patients and customers, and every product that this dispensary carries must meet or exceed strict quality standards in order to make it to the shelves.
One of our favorite dispensaries on the list is NuWu in Las Vegas, the Paiute land north of Downtown Las Vegas is the site of NuWu Cannabis Marketplace, the largest medical and recreational marijuana marketplace in the world.
Legal sale of recreational marijuana began January 1, 2017, and a few months later – October 13 – NuWu opened its doors. The building spans nearly 16,000 square feet with 170 feet of display counters dedicated to medical and recreational marijuana.
The cannabis market is all set to soar, and these five dispensaries are making the most out of this business. Go ahead and treat yourself to some of the best canna-products that the US has to offer!