Ikänik Farms Becomes the First to Claim “Hecho en Mexico” for Hemp and Cannabis through the 100% Acquisition of D9C Mexico S.A. DE C.V.

Ikänik Farms to export its agronomically-certified Colombian cannabis seeds for cultivating hemp and pharmaceutical cannabis under an Amparo

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, July 02, 2020 (GLOBE NEWSWIRE) -- Canadian Imperial Venture Corp. (TSXV:CQV.H) (the “Company”) is pleased to announce Ikänik Farms, Inc. (“Ikänik” or (“Ikänik Farms”) has purchased all issued and outstanding shares of Delta 9 Corporation Mexico S.A. de C.V (“D9C”), based in Coyoacán, Mexico. D9C’s legal representative is permitted to import and register cannabis seeds for cultivation through the legalized Amparo process. Ikänik intends to contract-produce for national and international pharmaceutical cannabis and hemp-derived CBD clients. 

“I am very excited to welcome D9C and its team of scientific, legal and regulatory specialists who have been exemplary leaders, shepherding the cannabis legalization process and providing Ikänik the opportunity to be a 1 of 1 in Mexico,” said Brian Baca, CEO of Ikänik Farms, Inc.

D9C is the exclusive Amparo representative to import, cultivate and produce products derived from cannabis and hemp for national and international markets. 

Borja Sanz de Madrid, President of Ikänik International, Inc. further emphasized, “We are proud to participate in this historic moment for Mexico. It will be our honor bringing pharmaceutical cannabis Hecho en Mexico para el mundo.”

Upon D9C’s legal representative completing the seed importation and registration process, cultivation and facility construction will commence, providing employment opportunities and social support in the communities it serves.

This acquisition marks a significant milestone for Ikänik, as it continues to grow its multi-national operating presence and prepares to complete a public listing on the Canadian Securities Exchange. 

Transaction Highlights

• First-Mover Advantage: D9C will provide Ikänik unparalleled speed and access to the Mexican and international marketplace. It will be the first to import certified and licensed seeds for genetic registration from Ikänik’s Colombian GACP and GMP-PHARMA certified “Casa Flores” location, paving the way for cultivation activities and building a state-of-the-art complex for cannabis production.