Falls short of analysts’ prediction of about $67 million for the marijuana producer.
Shares in the company soared last month following a report by BNN Bloomberg that it was in talks with Coca-Cola Co. to develop pot-infused drinks.
Cannabis firm and soft drink giant reportedly in talks for non-psychoactive CBD infused drinks.
ICC has over 70% market share in Uruguay, where cannabis is legal for adult consumer use.
Agreement scheduled to conclude at the end of 2022.
Looking ahead to relaxed regulations that will allow the extraction of CBDs for use in the medical and health products.
A new 800,000 square-foot greenhouse facility will have an annual capacity equivalent to almost 313 million joints.
The 800,000 square-foot facility will have an annual capacity equivalent to almost 313 million joints.