Snoop Dogg “Down With” Israeli Cannabis Company, Highlights Investment in the Country
Ash Stringer
October 30th, 2019
App, Exclusive, News, Top Story
Vocal cannabis activist Snoop Dogg has signed on as a brand ambassador for Israeli start-up Seedo (OTC: SEDO), the maker of a refrigerator-type of a machine for auto-growing plants, including cannabis. The indelible award-winning rapper says he’s “all the way down with” the Seedo Homelab and the utility it brings to allow people to grow their own plants in unused space at home.
With the help of Snoop, Seedo is one of a handful of companies making news that complements the storied history of cannabis in Israel that includes the discovery of cannabinoids decades ago and the passage of legislation this year that makes the country one of only of a small group in the world allowed to export cannabis.
Another company etching its name in Israeli cannabis business is Isracann Biosciences (CSE: IPOT) (OTC: ATLED), the first pure-play cannabis firm in the country to list in Canada.
Technology in Israel
Seedo’s smell-proof, self-contained cultivation box lets users with no previous agriculture experience produce “brag worthy yields” with little more effort than planting a seed and monitoring the process through an app. The world’s first fully automated and controlled indoor growing machine drums up memories of the old hands-off, “set it and forget it” Ronco rotisserie.
Snoop Dogg, whose real name is Calvin Cordozar Broadus Jr., will partner with Seedo on a variety of initiatives generating awareness of the innovative technology and the environmental benefits and social opportunity affiliated with it.
On a larger scale, Isracann is developing commercial-scale cultivation capacity and finding strong investors support to execute on the model, as indicated by a recent C$10.1 million financing round. The money is earmarked in part to build-out 230,000 square feet of the company’s phase 1 facility. The initial phase will have capacity of 23,500 kilograms of cannabis per annum.
Click Here To Receive Isracann’s Investor Presentation
Benefiting from the latest hybrid greenhouse technology and the near-perfect weather conditions in Israel for growing cannabis, management estimates that it will be able to produce its high-quality cannabis for as little as 40 cents per gram, a favorable production price for premium product.
Everything Coming Together
Isracann said on Monday that its current cash position allows for accelerating Phase 1 of the construction program, which includes:
- finalization of greenhouse facility design for cannabis cultivation and production;
- rapidly advancing greenhouse and related facility construction;
- ensuring adequate controls are in place against any diversion, theft and loss of cannabis products; and
- ensuring compliance with other protective security, health, and safety requirements in accordance with Israeli regulations
As milestones with the production facility draw nearer, Isracann has already entered into agreements for medical cannabis cultivation projects in Israel with local licensed stakeholders.
The anonymous stakeholder is shouldering part of the responsibility of the construction of the Isracann greenhouses, as well as bearing the cost of electricity, licenses, and property and related land taxes for the large cultivation and processing facility.
Click Here To Receive Isracann’s Investor Presentation
Piquing interest that there are more positive developments on the horizon, Isracann CEO Darryl Jones said on Monday, “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.”
Beyond addressing the underserved domestic market, Isracann has established distribution resources to leverage the export-friendly Israeli laws to send its future cannabis goods into the massive European markets.
Team Gets Stronger with Deepened Roots is Israel
Isracann’s leadership includes the likes of Nitin Kaushal (managing director with PwC), Brett Allan (founding member The Green Organic Dutchman (TSX: TGOD), VP Corporate Development Organigram (TSX: OGI)(NASDAQ: OGI) and Justin Cooper (co-owner of Green Planet, the largest privately-owned hydroponics chain in Canada).
Click Here To Receive Isracann’s Investor Presentation
Now, the company has added Dr. Irit Arbel to its Board of Directors. Dr. Arbel has decades of multi-disciplinary biopharma, technology and governance experience. A serial entrepreneur, she has founded, held C-suite positions and other senior roles at companies such as Brainstorm Cell Therapeutics (NASDAQ: BCLI), Pluristem Life Sciences (NASDAQ: PSTI), Neurocords, Ltd., Savicell Diagnostics and RFB Investment House.
There is certainly an Israeli connection here with Dr. Arbel. She was previously an Israeli Sales Manager for the pharma Merck, Sharp & Dohme. She also holds a Chemical Engineering degree from the Technion, Israel’s Institute of Technology.
To learn more about Isracann Biosciences Click Here
Click Here to Receive CFN Media’s Newsletter Every Week in Your Inbox
Disclaimer
CannabisFN.com is not an independent financial investment advisor or broker-dealer. You should always consult with your own independent legal, tax, and/or investment professionals before making any investment decisions. The information provided on https://cannabisfn.com(the ‘Site’) is either original financial news or paid advertisements drafted by our in-house team or provided by an affiliate. CannabisFN.com, a financial news media and marketing firm enters into media buys or service agreements with the companies that are the subject of the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider. We make no warranty or representation about the information including its completeness, accuracy, truthfulness or reliability and we disclaim, expressly and implicitly, all warranties of any kind, including whether the Information is complete, accurate, truthful, or reliable. As such, your use of the information is at your own risk. Nor do we undertake any obligation to update the items posted. CannabisFN.com received compensation for producing and presenting high quality and sophisticated content on CannabisFN.com along with financial and corporate news.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
About Ash Stringer
Search CannabisFN
Press Coverage
Psychedelics Index
Top Videos
Tom Zuber is Zuber Lawler & Del Duca’s Managing Partner. He has a degree with highest honors in biomedical engineering and has advised some of the most iconic companies in the world on their patent and trademark portfolios. He is at the cutting edge of cannabis patent and trademark law. He holds degrees from Harvard University and Columbia Law […]
The producers of O’ Cannabiz have decades of experience producing national-profile events and creating global connections between business communities in the arts, broadcasting, media and technology. They have organized trade summit initiatives with governments around the world. And they have worked closely with sponsors in all levels of Canadian government.
Xphyto Therapeutics Corp. was created to bridge the gap between traditional cannabis-based medicine and modern scientific approaches to therapeutic validation.
FluroTech is a technology and marketing company whose core business is focused on the commercialization of new technologies in the cannabis industry.
Network Partners
About CFN Media Group
CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.
Disclaimer: Matters discussed on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time-to-time have a position in the securities mentioned herein and will increase or decrease such positions without notice. The Information contains forward-looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, or projections as indicated by such words as "expects", "will", "anticipates", and "estimates"; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation of the Information and the Profiled Issuer as well as any such forward-looking statements. Any forward looking statements we make in the Information are limited to the time period in which they are made, and we do not undertake to update forward looking statements that may change at any time; The Information is presented only as a brief "snapshot" of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities and to consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.pinksheets.com, www.otcmarkets.com or other electronic sources, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the Pink Sheets or www.otcmarkets.com; (c) obtaining and reviewing publicly available information contained in commonlyknown search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.com. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and OTCMarkets and/or have negative signs at www.otcmarkets.com (See section below titled "Risks Related to the Profiled Issuers, which provides additional information pertaining thereto). For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity-based compensation in the companies it writes about, or a combination of the two. For full disclosure, please visit: https://www.cannabisfn.com/legal-disclaimer/. A short time after we acquire the securities of the foregoing company, we may publish the (favorable) information about the issuer referenced above advising others, including you, to purchase; and while doing so, we may sell the securities we acquired. In addition, a third-party shareholder compensating us may sell his or her shares of the issuer while we are publishing favorable information about the issuer. Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.
Copyright © Accelerize Inc. · All Rights Reserved · Privacy Policy · Legal Disclaimer
