09:41 AM EST - ICC International Cannabis Corp. : And Organic Flower Investments Group Inc. (CSE: SOW)(FWB: 2K6)(OTC: QILFF) are pleased to announce the Companies have entered into a distribution and cannabis processing/finishing agreement (the “Downstream Agreement”). Under the terms of the Downstream Agreement, ICC will permit Organic Flower unbridled access to its European distribution network comprised of 80,000 retail outlets and pharmacies, as well as grant Organic Flower commercial rights for cannabis processing/finishing at its EU-GMP certified facilities. Organic Flower will also remunerate International Cannabis according to floating royalty matrix based on the net sales of Organic Flower products sold through ICC’s European distribution channels. Organic Flower will leverage International Cannabis’ expansive downstream footprint to distribute its diverse product offering. ICC International Cannabis Corp.
shares WRLD.U:CNX are trading unchanged at $0.26.