It's Always Sunny in Israel; How Isracann Biosciences Inc. is Seizing the Cannabis Opportunity

Cannabis Global Expansion from Israel to the EU

October 29, 2019 7:30 AM EDT | Source: Econ Corp Services DBA Investorideas.com

Point Roberts, Washington--(Newsfile Corp. - October 29, 2019) - Investorideas.com, a leading investor news resource covering cannabis and hemp stocks releases a sector snapshot reporting on the continued international expansion of the cannabis industry and how it's leading to a global cannabis infrastructure.

Read the full article covering Cannabis global growth at:
https://www.investorideas.com/News/2019/cannabis/10290IsracannBiosciences.asp

A recent article reporting on the growth of the global cannabis industry notes, "Fully 185 countries are signatories to the United Nations' Single Convention on Narcotic Drugs of 1961, which prohibits cannabis as a drug that can be abused and cause ill effects, without bringing a substantial therapeutic advantage. Each signatory's laws must reflect the Convention; that is the case for the US' Controlled Substances Act of 1971. Countries that have legalized cannabis are flouting the convention, and some, such as Canada, admit that openly."

"Thanks to changing public perceptions, moves such as Canada's, ongoing research on health benefits and risks, and the urging of the World Health Organization-in 2019 it came out in favor of less restrictive control of cannabis and of removing prohibitions for pure CBD and CBD preparations containing no more than .2% THC-the United Nations has said it will revisit cannabis under the Single Convention. It should be noted, however, that amending the convention is difficult with so many members involved."

"Medical use of cannabis is and will be accepted around the world a lot more quickly than recreational use," says Mario Torres of Brazeau Seller Law (Ottawa, Ontario, Canada). "People are not enthused about prohibiting medical care. They don't want to disallow access to the only thing that may stop epileptic seizures in children or is part of a patient's treatment plan." Medical use is becoming more acceptable even in very conservative countries like South Korea and Thailand, which have legalized cannabis for medical purposes.

Recent news headlines look to Israel saying," Israel is at the forefront of cannabis tech. The country, which produces more pharmaceutical cannabis than just about anywhere else, is poised to become a leading exporter."

Recently listed on the CSE, Isracann Biosciences Inc. (CSE: IPOT) is an Israeli-based cannabis company focused on becoming a premier cannabis producer offering low-cost production targeting undersupplied, major European marketplaces. The Company (formerly Atlas Blockchain Group Inc.), recently provided an operative overview and update regarding facility development activities in Israel.

Concurrent to and as part of the Company's recent listing on the Canadian Securities Exchange it had satisfied the escrow release conditions for the net proceeds of its highly successful CAD$10.1 million financing efforts which bolstered an already healthy cash position.

This positions the company to immediately accelerate its planned Phase One Facility Design and Construction Services Program which consists of finalization of greenhouse facility design for cannabis cultivation and production in accordance with an existing technical specifications strategy; to rapidly advance greenhouse and related facility construction per the design; ensure adequate controls are in place against any diversion, theft and loss of cannabis products per regulatory standards; and ensure compliance with other protective security, health, and safety requirements in accordance with Israeli regulations.

To date, Isracann has entered into agreements for the development of medical cannabis cultivation projects with regional stakeholders holding preliminary breeding and cultivation licenses issued by the Israeli Ministry of Health. The regional stakeholder is required to renew these licenses each year and further bears the cost of electricity, property and related land taxes and are bound to working with Isracann to obtain the required licenses and to participate in the construction of the greenhouses.

Isracann 's CEO, Darryl Jones notes, "We are very pleased to have achieved our very important initial milestone targets with the CSE listing of our ticker symbol "IPOT" and to confirm our accelerated investment plans in Israel are fully underway. We have lined up several key organizations and personnel and look forward to announcing a number of these key commercial agreements in the days and weeks ahead. We thank all our supporters for their belief in us, and in our belief that the Israeli agricultural sector will provide a huge leading role in positioning the Isracann brand as market leaders in the massive and underserved European cannabis marketplace."

In related news, the Company welcomes the recent appointment of Irit Arbel, Ph.D. to its Board of Directors. Dr. Arbel brings significant senior multidisciplinary biopharma and governance experience to Isracann's board. She serves as CEO, Co-Founder and Director of Neurocords Ltd., a company focused on developing new treatments for peripheral and spinal cord regeneration, and previously served as Director and President of Brainstorm Cell Therapeutics, and as Executive Vice President of Research and Development at Savicell Diagnostic, a biotechnology company. Dr. Arbel previously served as Chairperson of Real Aesthetics, a company specializing in cellulite ultrasound treatment, and BRH Medical, a developer of medical devices for wound healing. She was also Director of M&A at RFB Investment House, a private investment firm focusing on early-stage technology-related companies. Previously, Dr. Arbel was President and Chief Executive Officer of Pluristem Life Systems, a biotechnology company, and prior to that as Israeli Sales Manager of Merck, Sharp & Dohme, a pharmaceutical company. Dr. Arbel earned her Ph.D. in 1997 in Neurobiology, after performing research in the area of MS. Dr. Arbel also holds a Chemical Engineering degree from the Technion, Israel's Institute of Technology.

With the growing international acceptance of the cannabis industry, companies with strongly established infrastructure in key global trade areas will become more of an essential asset as the industry moves further towards global standards and sales.

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea's original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change , Exploring Mining, the AI Eye .

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

Disclosure: this news article featuring CSE: IPOT is a paid for news release on Investorideas.com - third party (two thousand) More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Follow us on Social Media

https://www.facebook.com/Investorideaspotcasts/
https://twitter.com/MJInvestorIdeas
https://www.instagram.com/potcasts_investorideas/
Download our Mobile App for iPhone and Android

Contact Investorideas.com
800-665-0411


To view the source version of this press release, please visit https://www.newsfilecorp.com/release/49205

info