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International Cannabis and Wayland to Begin Integration of European Extraction and Distillation Processes; to Process 125,000 kg of CBD Flower
International Cannabis and Wayland to Begin Integration of European Extraction and Distillation Processes; to Process 125,000 kg of CBD Flower.
About this update from Wayland Group Corp
[{"type":"text","content":"\nVANCOUVER, British Columbia, Jan. 21, 2019 (GLOBE NEWSWIRE) -- ICC International Cannabis Corp. (CSE: WRLD.U) (FWB: 8K51) (OTC: WLDCF) (\"ICC\" or “International Cannabis” or the “Company”) is pleased to announce that further to the signed Letter of Intent (“LOI”) with Wayland Group Corp. (CSE: WAYL)(FWB: 75M)(OTCQB: MRRCF) (“Wayland”) (see ICC news release dated January 15, 2019), the companies will begin integration of its extraction and distillation processes, in addition to finished dose manufacturing of CBD products for the European market.\n Wayland's 125,000 kg supply of CBD flowers for extraction will be processed in International Cannabis’ Polannabis operations and finished into distillate. Leveraging Wayland's patented Vesisorb formulations, Cosmos Holdings will then manufacture finished dose CBD products, including oral tablets in its EU-GMP certified facilities in Greece. Wayland's patented Vesisorb formulations have been demonstrated to increase absorption of fat-soluble drugs by up to seven times, compared to those without. The expedited integration of operations, to take advantage of Wayland's existing supply and ICC's EU-GMP certified operations for finished dose manufacturing will lead to efficiencies in production, and dramatically reduce cost of goods; boosting profitability. The expedited nature of the operational integration increases speed to market and takes advantage of Cosmos’ vast existing distribution channels. Eugene Beukman, Chief Executive Officer and a Director of International Cannabis, stated: “The integration of extraction and distillation processes is one of the many synergies we will see with Wayland's involvement in International Cannabis. Wayland’s team of experienced pharmaceutical professionals, including European GM Morten Lars Brandt, formerly the VP of Medium Size Markets at Amsterdam based Norgine brings integration capabilities of all operations from an experienced team that has accomplished this previously. Wayland has cultivated a highly experienced European operations team, which boasts upstream, downstream, logistics, construction and distribution capabilities. Wayland operations team is equipped with a roster of leading healthcare executive, as well as branding, agriculture and logistical specialists. This ...