Thursday, October 9, 2025

Latest

ICC International to Delist From Canadian Securities Exchange

ICC International Cannabis Corp (CSE: WRLD.u) has become the latest cannabis issuer to toss in the towel, at least in terms of capital markets. The firm announced earlier this week that it has applied to the Canadian Securities Exchange to voluntarily delist its shares from the public markets.

Management has elected to delist its common shares as a result of viewing itself as critically undervalued. After conducting a review of its operations, management has, “determined that certain funding opportunities at valuations that better reflect the underlying asset value of the Company are only available should the Company become a non-listed reporting issuer.” In short, management doesn’t believe its valuation is being properly reflected in the market.

The claim is curious, given that the company has failed to update the capital markets on any material information as of late. Only two news releases have been filed with Sedar since July, one of which was announcing the termination of a significant asset purchase of Wayland Group’s (CSE: WAYL) international portfolio.

Rather than entice new investors to its company, such as through a normal course issuer bid to beef up its poor share structure, the firm has decided to toss in the public markets towel altogether.

To do so, rather than buyout current shareholders at prevailing market prices, ICC International has instead decided to provide no real incentive to long time shareholders. Instead, current shareholders will remain as investors in the company, except now with even less liquidity available to potentially exit their position. The firm has indicated that in the future it might pursue liquidity via options “including but not limited to a reverse take over (“RTO”), a direct listing, asset sale, joint venture and/or trade sale.

As per a CSE bulletin filed late last night, ICC International will see its shares delist on December 20, 2019 at the close of the trading day.”

ICC International Cannabis Corp has 706,105,955 common shares outstanding, with a market cap of an estimated US$10.5 million. The equity last traded at $0.015 on the Canadian Securities Exchange.


Information for this analysis was found via Sedar and ICC International Cannabis Corp. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Wayland Group Applies For Creditor Protection Under CCAA

Wayland Group (CSE: WAYL) announced this evening that it has sought creditor protection for two...

Monday, December 2, 2019, 09:45:47 PM

Wayland Group Subject of Potential Securities Class Action – And It Just Might Have Teeth

Wayland Group (CSE: WAYL) announced after the bell Wednesday that it had been made aware...

Thursday, September 12, 2019, 02:30:00 PM

Former Wayland Group CEO Accused of Fraud by Ontario Securities Commission

It’s been a rough week for former Wayland Group (CSE: WAYL) CEO Ben Ward, who...

Saturday, September 14, 2019, 10:59:12 AM

Wayland Group Finally To Be Delisted From CSE At Market Close

It seems that finally, things have come full circle for Wayland Group (CSE: WAYL). A...

Friday, October 9, 2020, 02:13:00 PM

Wayland Group Enters Non-Binding Letter of Intent to Sell Canadian Assets

Wayland Group (CSE: WAYL) announced late this evening that it has signed a non-binding letter...

Saturday, August 3, 2019, 01:32:56 AM