IPO Kanada: International Cannabis Corp

International Cannabis Corp. (TSXV:ICC), einst Shogun Capital Corp, begann ihr Börsendebut an der TSX Venture Exchange am 29. November 2016

ICC möchte die Gelder des Börsengangs gemäß den vom Staat Uruquay ausgegebenen Lizenzen für den Bau von Gewächshäusern für den Anbau von Recreational und medizinischem Cannabis als auch Industiehanf verwenden. Zudem möchte man seine Produktpalette ausweiten und Partnerschaften mit Pharmakonzernen eingehen, um medizinische Produkten zu kreieren.

Uruguay`s staatliche Gesundheitsbehörde IRCCA (Uruguayan Institute for the Regulations and Control of Cannabis) ist seit 2013 ähnlich aufgestellt wie Canada Health.  Man reguliert und kontrolliert  hier ebenfalls die einzelnen Produktionsschritte, den Anbau, den Ernteprozess und letztendlich den Vetrieb des Endprodukts und seinen Derivaten.

2015 erhielt ICC von der  IRCCA  eine Lizenz für die Produktion und den Verkauf von Recreational Marijuana in Uruquay. ICC baut seit März 2016 an - die erste Ernte wurde bereits  im Juni eingefahren.  Currently, the company has inventories of 100 kilograms of recreational cannabis for the Uruguayan market.  They are working with the governmental authorities to develop the distribution infrastructure and expect the first sales to occur by year-end 2016.  Their product will be sold in pharmacies to registered adults who can buy a maximum of 40 grams per month.  

CEO Guillermo Delmonte: "With the closing of the Qualifying Transaction behind us, ICC will be focusing on first sales of recreational cannabis to a captive market in Uruguay.  Given Uruguay's favorable climate, we expect to see all in costs continue to be among industry leaders."  Currently, ICC's production costs (including applicable licensing fees) are approximately $0.60 US per gram for recreational cannabis but the company expects these costs to fall as it builds out its production facilities and ramps up production.

ICC is hoping to build a dominant position in South America where several countries have either recently relaxed their cannabis and hemp laws, or are in the process of doing so.  They hope to capitalize on their "first-mover" advantage and a comprehensive license from the Uruguayan government which provides more scope for product development through R&D.  They also plan to produce hemp and hemp based products which are expected to include: clothes, chocolate, energy drinks, tea, soda, cooking oil, shampoo, soap, and cosmetics.

The future definitely looks bright for ICC for several reasons; they have lots of cash on hand to build facilities and ramp up production on their 100 acres of licensed green space for production of recreational cannabis, being the first public licensed producer in South America, their largest shareholder, Union Group, has experience in large scale agriculture projects, being close to some big markets that may open up to medicinal or recreational cannabis use in the future (Brazil and Argentina), and perhaps most importantly, their low cost of production which they see getting even lower as they ramp up their operations further.Shares of International Cannabis Corp. opened at $0.91 CDN and hit a high of $1.29 before closing at $1.14.  The stock traded a little over 3.5 million shares on its opening day.