International Cannabis Applauds South African Cannabis Legalization

VANCOUVER, British Columbia, Sept. 20, 2018 (GLOBE NEWSWIRE) -- ICC International Cannabis Corp. (CSE: KBB)(FWB: 8K51)(OTC: KNHBF) ("ICC" or the "Company") is pleased to welcome South Africa's recent ruling legalizing the consumption of Cannabis. On September 18^th, South Africa's Constitutional Court unanimously voted to legalize adult Cannabis consumption, as well as the cultivation of Cannabis for private consumption. South Africa's Parliament is expected to amend the laws that criminalise cannabis following the Constitutional Court's ruling in the coming months.

ICC's has agreements in place to provide Cannabis products to over 2,800 independent and corporate pharmacies across South Africa (see ICC's news release dated August 16, 2019). ICC's South African distribution network is complemented by the Company's licences for medical Cannabis cultivation, manufacturing, distribution, transport, research and import/export in the Kingdom of Lesotho. The Company recently announced its engagement of leading Lesotho based infrastructure and development consultancy firm; Volare to assist with local development efforts (see ICC's news release dated September 12, 2018). In 2017, Lesotho became the first African Nation to issue licenses for medical Cannabis operations.

The Kingdom of Lesotho is an enclave of South Africa and will act as a cultivation and production hub for ICC's 2,800 South African pharmacies. Both South Africa and Lesotho are members of the South African Customs Union ("SACU"), which aims to maintain the free interchange of goods between member countries. Lesotho has also signed numerous international trade agreements permitting the unencumbered export of Cannabis products to various jurisdictions worldwide.

Eugene Beukman, chief executive officer and director of ICC, stated: "ICC applauds South Africa's progressive decision to legalize adult Cannabis consumption and private cultivation. The Company is well positioned to capitalize on South Africa's maturing Cannabis regulations, through its South African distribution infrastructure and Lesotho based cultivation and export licences."

It is anticipated that Lesotho will act as a staging ground for access to larger African markets including its neighbour South Africa and its population of over 55 million. Lesotho is a favourable jurisdiction for Cannabis cultivation due to its rich soils, ideal climate, skilled agricultural workforce, low cost labour, and access to key infrastructure.

ON BEHALF OF THE ICC INTERNATIONAL CANNABIS CORP BOARD OF DIRECTORS
"Michael Martinz"
Michael Martinz
President, Director
[email protected]

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This news release contains certain "forward-looking information" within the meaning of applicable Canadian securities law. Forward-looking information is frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or information that certain events or conditions "may" or "will" occur. This information is only a prediction. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking information throughout this news release. Forward-looking information includes, but is not limited to: political changes in Canada and internationally, future legislative and regulatory developments involving cannabis in Canada and internationally, the Company's ability to secure distribution channels in international jurisdictions, competition and other risks affecting the Company in particular and the cannabis industry generally.

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