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Wednesday 6 November 2019
Investorideas.com - Cannabis stock news: Canonic (NASDAQ: $EVGN) (TASE: EVGN) Announces Initiation of Cultivation and Breeding of Cannabis Varieties with Unique Genomic Profiles for the Development of Medical Cannabis Products
Investor Ideas #Potcast; #Cannabis News and #Stocks on the Move: Interview with CEO and President of Isracann Biosciences Inc. (CSE: $IPOT.C); @Isracann1
Investor Ideas #Potcast;
#Cannabis News and #Stocks on the Move: Interview with CEO and President of
Isracann Biosciences Inc. (CSE: $IPOT.C); @Isracann1
Delta,
Kelowna, BC – November 6, 2019 (Investorideas.com Newswire)
www.Investorideas.com, a global news source covering leading sectors including
marijuana and hemp stocks and its potcast site, www.potcasts.ca
release today’s edition of Investorideas.com
potcastsCM ; cannabis news and stocks to watch plus insight from
thought leaders and experts.
In today’s podcast,
Investorideas.com interviews Darryl Jones, the President and CEO of Isracann Biosciences Inc. (CSE:
IPOT).
Isracann is an Israeli-based cannabis company focused on
becoming a premier cannabis producer offering low-cost production targeting
undersupplied major European marketplaces.
Jones discusses the
Company’s recent news and developments and provides insight into the cannabis
industry in Israel.
Listen to the podcast:
Read
this in full at https://www.investorideas.com/news/2019/cannabis-potcasts/11061Interview-CEO-CSEIPOT.asp
Jones has over 15 years of capital market experience with
a well-established financial network. Prior to joining Isracann in 2018, Mr.
Jones was an investment advisor with PI Financial Corp Canada. At PI Financial,
he raised seed capital and took True
Leaf Medicine (CSE: MJ) (OTC: TRLFF) public in early 2014 at $10MM valuation
and exited in 2016 at $150MM market capitalization. Mr. Jones also worked at
Raymond James Ltd. Canada, where he was involved in structuring and financing
well over 20 acquisitions - from medical
to health sciences, to mineral exploration in agnostic platform deals. Mr.
Jones currently serves on several other public company boards including Strikepoint Gold (TSXV: SKP) (OTC: STKXF) and Voltaic Minerals Corp.
Isracann, Israel’s
first pure-play cannabis firm is focused on becoming a premier, low-cost
cannabis producer. Isracann is fully funded to execute on over 230,000 sq. ft.
of hybrid greenhouse.
The company is
targeting undersupplied domestic demand combined with an immense international
market opportunity through Israel’s new medical cannabis export framework for
2020.
The company 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.
When asked about some
of the key benefits to being based out of Israel when it comes to supplying the
EU marketplace, Mr. Jones commented, “Israel itself is a phenomenal place to
operate and is shown to be the leading cannabis research hub of the world. We
started venturing out of Canada two or three years ago, the market was
saturated and we were looking to replicate the model. We uncovered Israel and
found the same movie was playing out there that played in Canada four of five
years ago. We saw a seismic shift in terms of government sentiment changing and
here we are today. The focus of the business is ultra-low cost production
ultimately.”
Mr. Jones also discusses
some of the key benefits and difficulties of the Israel cannabis market,
competition in the EU, as well as what investors can look forward to from
Isracann and the Israeli cannabis industry.
Investor
ideas reminds all listeners to read our disclaimers and disclosures on the
Investorideas.com
website and this podcast is not an endorsement to buy products or services or
securities. Investors are reminded all investment involves risk and possible
loss of investment
Subscribe to the new
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blockchain through Cognate, Inc. CM Certification-Registration Number:
10468217708
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Tuesday 5 November 2019
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