Polannabis

Europe’s international hemp market continues to heat up. Today, ICC International Cannabis Corp. announced that it has acquired Polannabis Holdings. Through its subsidiary company, Polannabis possess a Polish hemp processing and extraction license which permits the company to produce hemp-derived CBD products. The company has access to roughly 850 acres of hemp crops, which can produce an estimated 6,800 tons of hemp material for CBD extraction. ICC is not the first cannabis company hoping to move into Europe’s burgeoning hemp market. In September, Aurora Cannabis announced that it acquired Agropro UAB, Europe’s largest hemp producer. Additionally, The Green Organic Dutchman Holdings announced earlier this month that it has completed the acquisition of HemPoland.

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