 Hey guys, there's some breaking news that just broke Oxley congratulates partner ICC International Cannabis Corp on acquisition of Portuguese hemp company You know being Portuguese myself my parents. This is huge news Oxley cannabis group on the TSX venture xly or the company's pleased to announce it and its strategic international partner ICC International Cannabis Corp ICC on the CSE WRLD has entered into a definitive agreement to acquire all issue note standing shares of enigma uni Personnel LDA enigma enigma is a large-scale hemp operator based in Castelo Bronco Portugal with licenses to cultivate extract import export and process hemp Derived products on 400 acres of land having acquired one of the first hemp licensed Licenses to be issued in Portugal enigma successfully harvested its first crop in 2015 and is a notable importer of proprietary hemp seeds ICC anticipates that enigma will be able to produce at scale approximately 45,000 kilograms of extracted CBD isolate per annum Enigma expects to release both branded and white-labeled CBD products as soon as the first quarter of 2019 in particular Enigma's product portfolio will consist of CBD infused chocolate CBD oils and CBD based topical creams This is a commercial rights agreement with ICC in connection with the strategic investment in commercial rights agreement announced on September 17 2018 Oxley has become a preferred commercial partner to ICC and its current and future international domestic cannabis ventures Including enigma for a period of 10 years in particular during the term Oxley has a right of first refusal in respect of supplying ICC's extensive Worldwide distribution channels in the event that ICC is looking to source cannabis products outside of the ICC group any sale or Take agreement pursuant to which ICC intends to sell or distribute cannabis products to any third party outside of the ICC group Purchasing any of ICC's assets including its subsidiaries in the event that it intends to sell any such assets to a third party outside of the ICC group and Licensing any intellectual property owned or developed by ICC or its subsidiaries in the event that ICC intends to license such intellectual property outside of the ICC group What does the management commentary think about this? Hugo Alves president and director of Oxley commented It sounds very Portuguese Hugo We would like to congratulate our strategic international partner ICC on yet another significant acquisition We are excited about the prospect of working with ICC and enigma in Portugal a global leader in drug policy reform And one of the key emerging jurisdictions in the global trend toward cannabis legalization We look forward to working with Eugene and his team as they continue to execute on the strategy to build of Building a meaningful presence in the international international cannabis market This is on behalf of truck Rafichi chairman and CEO of Oxley Oxley is a vertically integrated cannabis company with diverse operations across Canada and Uruguay The company was formed with the primary intent of building financing solutions to cannabis licensed applicants and Has evolved into a platform spamming the entire cannabis value chain Oxley's management believes that a vertically integrated model adapted for the cannabis space allows for substantive control over its operations through increased operational flexibility Economic resiliency and improved product margin dynamics in an effort to create long-term shareholder value I love that long-term shareholder value is what we're all about Oxley currently operates three distinct yet synergistic segments upstream Oxley's diverse cannabis cultivation platform across its streaming partners joint ventures and wholly owned subsidiaries midstream Oxley's processing and development platform focused on the development of proprietary cannabis to drive products and related Intellectual property to address consumer needs through its wholly owned subsidiary dose can and Downstream Oxley's medical and recreational distribution platform Love this news. What do you think about this news? Remember risk TV live is strictly for education entertainment purposes always do your due diligence always do your research before you invest in anything We talk about here on rich TV live if you like this video smash the like button comment down below I want to know what you think about this news as someone whose family is a descendant of Portugal. I love it This is great news for the economy of Portugal, which is struggling. This is great news for Oxley, which is also struggling Is this a buying opportunity? Let me know what you think If you're not winning you're definitely not watching. We are looking for long-term opportunities Oxley could be one of the biggest long-term cannabis stocks Available right now currently dirt cheap under a dollar. It's true Holler at your boy. What do you think about this news? Comment down below share this video everywhere. It's your boy rich And I'm out peace