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Intl Cannabrands through its subsidiary La Vida Verde entered into a LOI with Driven Deliveries for product distribution

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International Cannabrands generates revenue from cannabis cultivation, brands ranging from flower to edibles and from THC to CBD, oil extraction, ancillary products and apparel in the United States.

Additional Information:

Company: International Cannabrands Inc
Website: http://www.intlcannabrands.com
Stock Symbol: CSE: JUJU
Date Published: Mar 28, 2019
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for InvestmentPitch Media

International Cannabrands Inc., through its 51% owned subsidiary, La Vida Verde Inc., has entered into a letter of intent with Driven Deliveries, Inc. to distribute La Vida Verde's products throughout California.

International Cannabrands generates revenue from cannabis cultivation, brands ranging from flower to edibles and from THC to CBD, oil extraction, ancillary products and apparel in the United States.

Its strategy centers on acquiring micro brands, distribution and specific manufacturing/cultivation companies in the cannabis space.

It holds an exclusive, long-term, worldwide license to use Julian Marley’s name and image for cannabis, cannabis edibles, other derivatives, and branded merchandise relating to cannabis, including Julian’s flagship brand JuJu Royal Ultra Premium Cannabis.

Steve Gormley, CEO of International Cannabrands, added: "By partnering with Driven, we are continuing to broaden distribution of all products, and we're thrilled to leverage the expanding opportunities within the delivery space."

Its subsidiary, La Vida Verde (www.lavidaverde.com) has been operating in California since 2015, and currently has extraction, manufacturing and distribution capability.

Its products include wholesale flower, packaged flower, pre-rolls and blunts, gummies, upscale protein bars, new chocolate forms and super cookies, along with brands such as Skunk Feather Cannabis™ and Blank Brand™.

Bryce Berryessa, CEO of La Vida Verde, stated: "We believe in the business model, future vision, and team behind Driven, and we're looking forward to getting our products into the hands of more consumers across the state of California."

Driven provides on-demand marijuana delivery, offering legal cannabis consumers the ability to purchase and receive their cannabis in a fast and convenient manner.

With distribution centers in Northern and Southern California, Driven covers 73% of California’s population.

California is one of the largest recreational cannabis markets in the world, and delivery represents a significant market opportunity throughout the state.

Licensed retailers have made more than 500,000 deliveries throughout California in 2018 alone.

Driven's platform also allows brand partners to monetize their website, social media, and user-generated content through affiliate links to Driven's eCommerce platform.

Chris Boudreau, CEO of Driven, commented: "Brands are the driving force behind the cannabis industry. We look forward to joining forces with such an influential family of brands that are in high demand with California consumers."

International Cannabrands shares are trading at $0.11 on the CSE.

Driven Deliveries shares are trading at US$2.76 on the OTCPinks.

For more information about International Cannabrands, please visit their website www.intlcannabrands.com, contact Steve Gormley, CEO, at 323-828-4321 or email steve.gormley@intlcannabrands.com.

For more information about Driven Deliveries, please visit their website www.godriven.com, contact Chris Boudreau, CEO, at 888-322-4449 or email IR@GoDriven.com.

I’m Samantha Deutscher for InvestmentPitch Media