With the global cannabis market forecasted to eclipse $145 billion by the end of 2025, investors must understand that the market is now international in scope. The United States and Canada are typically mentioned in the headlines, but there are other nations with massive consumer bases just waiting to get their hands on legalized medical and adult recreational cannabis products.
As a sophisticated cannabis stock investor, it really would be a mistake to narrow your focus to just one region. The future of the legalized cannabis market is multi-jurisdictional commerce – though most cannabis companies don’t have the strategic partnerships, or even the licenses, required to engage in the cannabis trade on a multinational scale.
Courtesy of Juan de la Hoz, seekingalpha.com
With global distribution being a top priority, I was delighted to hear a fantastic news release about my favorite cannabis company, ICC International Cannabis Corp. (CSE: WRLD, OTC: KNHBF). This company has just received a massive, 100% legal cannabis purchase order for European distribution that is forecasted to deliver $2.7 million in revenue just off of the inaugural order!
This is a game-changer for WRLD/KNHBF stock investors and ultimately for the worldwide cannabis industry.
Scheduled for distribution throughout the first quarter of 2019, the order is for 10,000 milliliters of THC cannabis oil, 5,000 grams of dried cannabis flower, and 5,000 milliliters of CBD oil. Moreover, International Cannabis Corp. expects to receive additional purchase orders during the second quarter of 2019.
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Not only is the sheer size of the purchase order newsworthy, but the fact that ICC was chosen to carry out this order is indicative of the company’s sterling reputation on the global cannabis scene. International Cannabis’ deep understanding of regional business practices and export regulations, coupled with the firm’s expansive distribution network both in and outside of Europe, will allow for continued penetration of the European Union’s burgeoning cannabis and CBD markets.
It’s extremely difficult to find a firm that can handle an order of this magnitude and scope, but International Cannabis is on the very short list of companies with the means and the connections – not to mention the proper licensing in multiple jurisdictions – to get the job done. For ICC, it’s simply a matter of leveraging its robust distribution network, which includes approximately 35,000 pharmacies, to market and sell its broad spectrum of cannabis and CBD products.
Investors can see exactly why the firm is called International Cannabis Corp.: ICC has a trans-European network of over 160 clients and vendors that expands to 16 countries – no other cannabis company even comes close to this. This unmatched distribution network includes Germany, the United Kingdom, Ireland, the United Arab Emirates, Denmark, Italy, France, Singapore, Spain, Lebanon, Skopje, Jordan, Sweden, Poland, the Netherlands, and Greece.
Furthermore, International Cannabis Corp.’s European distribution network is augmented by a number of value-added services, including strategic procurement, warehousing, product registrations, and regulatory representations. Suffice it to say that this small company has a big footprint in the European and global legalized cannabis markets.
Mr. Eugene Beukman, the Chief Executive Officer and Director of International Cannabis Corp., explained the significance of this very substantial cannabis product order: “The receipt of this purchase order is a significant milestone for ICC. The company looks forward to fulfilling European demand for medical Cannabis, now and in the future.”
With Europe being ripe and ready for large-scale cannabis product orders, ICC is prepared to take on even the most demanding needs of this busy region. As Mr. Beukman explains it: “International Cannabis is equipped with an unparalleled ability to supply the overwhelming demand for cannabis and cannabis extracts in Europe. As International Cannabis prepares to fulfill this order from our own production and that of our partners, it is a clear indication of the demand, even unsolicited, that the company will be ready for in the EU.”
As Europe and other exciting frontiers prepare for big orders and even bigger profits in the emerging legalized cannabis marketplace, International Cannabis Corp. is proving once again that it is more than ready to service the needs of the rapidly expanding global cannabis consumer base.
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