ICC Labs (TSXV:ICC) provided shareholders with an operational update regarding its recreational cannabis business in Uruguay.
As quoted in the press release:
ICC Labs continues to work with Ministry of Health, IRCCA (Cannabis Regulation and Control Institute) and other partners to improve its production capacity in order to meet Uruguay’s growing domestic demand for recreational cannabis.
Recreational Cannabis Production Update
Since July 19, 2017, ICC Labs has sold 66,512 packages of recreational cannabis consisting of five grams per package through licensed pharmacies approved by the Ministry of Health and IRCCA. To date, the Company has produced more than 1,000 kilograms of recreational cannabis for the Uruguayan domestic market.
Continued increases in Uruguayan Registered Users
The Uruguayan recreational cannabis registry registered 17,377 new users from July 19, 2017 to March 4, 2018, bringing total active registered users to 21,877.