The value of the cannabis company Panaxia will be merged into Herodium: NIS 753 million
In the framework of Herodium’s request to the court to convene a meeting to approve the merger, a valuation was added to the merged company Panaxia Israel. In the first nine months of 2018, Panaxia recorded a loss of NIS 4.98 million. Revenues in the first nine months of 2018 amounted to only NIS 2 […]
The first swallow? IBI opens a door to institutional investors in the medical cannabis industry
The investment house held a round of meetings with 10 publicly traded cannabis companies in Tel Aviv, and plans to invest up to NIS 30 million from members’ money. IBI: “There is an opportunity here for industry and for investors” IBI Investment House has opened to its investors a new investment channel – the public […]
Positive closing in Tel Aviv: Cannabis shares soared 30%
Positive closing in Tel Aviv: Cannabis shares soared 30% Shares in the cannabis were conspicuously higher: Herodium Investments jumped 31%, InterCure 23.7%, and Whitescom jumped 25%. • Spacecom jumped 20%. • SearchLight offered an improved offer for Internet Gold holdings in the universe. Completion of the transaction for the sale of 30% of the holdings […]
Global Cannabis Stock Index Extends 2019 Gains to 54%
Cannabis stocks, as measured by the Global Cannabis Stock Index, added to big January gains, rallying 6.0% in February to 98.62: The index, which had 42 qualifying members during the month, declined 54.9% in 2018 but has rallied 66.0% since the 2018 low set on December 24th and is up 54.0% to begin 2019: Leading […]
Tilray to acquire hemp foodmaker Manitoba Harvest for up to $419M in U.S. expansion push
Nanaimo, B.C., pot company to leverage Manitoba manufacturer’s facilities and North American supply chain. The Canadian Press Tilray chief executive Brendan Kennedy at the company’s head office in Nanaimo, B.C. with some of its product line, which includes capsules, oils and dried marijuana. Cannabis producer Tilray Inc. has signed a deal to acquire Hemp Hearts […]
Aurora Cannabis CEO: “I lose sleep over our ability to supply this global cannabis market”
Terry Booth says it will be at least five years until marijuana supply overtakes demand Aurora Cannabis Inc. CEO Terry Booth in May 2018 Aurora Cannabis Inc.’s Chief Executive Officer Terry Booth told analysts and investors on an earnings call that he “loses sleep” over the industry’s ability to supply the global cannabis market. “It […]
The past police commissioner who got into the cannabis industry: Yochanan Danino was appointed chairman of Together
The cannabis company announced this morning the appointment of the former police commissioner as its chairman. Gali Weinreb After InterCure appointed Ehud Barak, the prime minister, defense minister and former chief of staff, as chairman, and after CannAssure appointed chairman Ido Nehushtan, the former commander of the air force, (669.7 + 11.25%) Chairman Yohanan Danino, […]
Israel gives green light to medical cannabis exports
“I have supported the export of medical cannabis from Israel all along, and I welcome the government’s approval today,” says Finance Minister Moshe Kahlon. By Eytan Halon https://www.jpost.com/Israel-News/Israel-gives-green-light-to-medical-cannabis-exports-578815 An employee tends to a medical cannabis plants at Pharmocann, an Israeli medical cannabis company in northern Israel January 24, 2019. The government approved exports of Israeli-grown […]
History: Government approves Cannabis exports from Israel – Industry stocks are leaping
History: Government approves Cannabis exports from Israel – Industry stocks are leaping Exports will begin in practice after the completion of the procedures that define exactly how the process will be carried out, probably in another 9 months to a year. The export of raw materials, ie, not flowers and cigarettes, but oils, tablets, etc. […]