Integrated Cannabis Company, Inc. Signs Co-Development and Marketing Agreement With a Canadian Licensed Producer, GTEC Holdings Ltd.
Integrated Cannabis Company, Inc. (CSE: ICAN) (OTCQB: ICNAF) ("Integrated Cannabis"), is pleased to announce the completion of a Letter Agreement (the "Agreement") to collaborate on X-SPRAYS™ products for the Canadian market with GTEC Holdings Ltd ("GTEC") (TSXV: GTEC, OTCPK:GGTTF), a Canadian License Producer under Health Canada's Access to Cannabis for Medical Purposes Regulations (ACMPR).
The Agreement allows for the co-development and marketing of novel spray products, utilizing proprietary nanotization technology containing both Cannabidiol (CBD) and/or Tetrahydrocannabinol (THC) for distribution in the Canadian medicinal and recreational markets. The Agreement is subject to the implementation of federal legislation in Canada and corresponding provincial and territorial legislation that permits the distribution and sale of certain formats of cannabis products, including without limitation sprays.
Over the coming weeks the companies will engage with their science, marketing and distribution teams to streamline the logistics of developing and ultimately introducing products to the Canadian marketplace.