Isracann Biosciences Inc. (CSE:IPOT, XFRA:A2PT0E, OTC:ISCNF) (the “Company”) an Israel-based company focused on becoming a premier low cost, high quality cannabis producer for both domestic and European export sales, is pleased to advise it has received the results of its previously commissioned comprehensive project characterization report detailing proposed activities for the development of a licensed cannabis agricultural and processing operation located in Nir, Israel.
The report technically examines and addresses all operational activities of the proposed farm and provides clear guidelines to ensure compliance regarding medical Cannabis cultivation and post harvest processing. The report provides clarity regarding international regulatory practices for both Israel and EU requirements encompassing raw material production, processing, packaging and security for all links in the chain, plus distribution of final product.
The authors of the report, LinC by Growing Smart Ltd., provide detailed options regarding the best practice methods to optimize THC vs CBD production ratios, cost-effective acquisition and development of key genetics, as well as optimal techniques for plant protection from insects and disease. The report further details extensive infrastructural, watershed, topographical and climatic conditions with specific actions regarding property layout, construction, irrigation, propagation, cultivation and post harvest actions designed to leverage the region’s unique environment in order to achieve cost-effective high yield and high-quality results.
Company CEO Darryl Jones comments, “Our partners at LinC have delivered an outstanding report that provides us with a clear path towards achieving our strategic goals. It presents an effective roadmap to expedite the development of the property into an efficient production facility. All the various aspects of the project are coming together on schedule and we remain confident for the future success of our operations in Israel.”
In related news, the Company is pleased to announce it has engaged the services of Quality & Compliance Services Inc. (“QCS”) of Canada. The company provides consulting oversight and related services to ensure GMP regulatory compliance as regards health & safety, production, manufacturing, supply side activities and product development related to the pharmaceutical, natural health product, cannabis, dietary supplement and medical device industries. Isracann will work with QCS to specifically conduct a facility design review to ensure alignment between Israel’s IMC-GDP (and related regulations) and post-harvest EU-GMP compliance for direct importation. For more information please visit: www.qualityandcompliance.com.
“We determined to onboard QCS to ensure we have a clear focus on global issues that could impact future growth,” notes Isracann’s VP of Operations, Matt Chatterton. “QCS annually completes over 300 projects, hosts numerous audits and regularly interacts with pertinent international regulatory agencies and will provide us with an excellent means to shorten our timelines and ensure compliance especially regarding the various export and import regulations. We have a clear focus on maintaining cost efficiencies as we grow our business operations and are grateful to have expert guidance as we move ahead with assurance in this complex area.”
ON BEHALF OF THE BOARD OF DIRECTORS
Chief Executive Officer and President
About Isracann Biosciences Inc. (CSE: IPOT) (XFRA: A2PT0E) (OTC: ISCNF)
Isracann is an Israeli-based cannabis company focused on becoming a premier cannabis producer offering low-cost production targeting undersupplied, major European marketplaces. Based in Israel’s agricultural sector, Isracann will leverage its development within the most experienced country in the world with respect to cannabis research. The Company has secured agreements within Israel for medicinal marijuana cultivation. For more information visit: www.isracann.com.
The CSE does not accept responsibility for the adequacy or accuracy of this release.
All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ, materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the Canadian Securities Exchange, the British Columbia Securities Commission, the Ontario Securities Commission, and the Alberta Securities Commission.
In the evolving rush of mergers and acquisitions (M&A) in the Canadian cannabis market, Canopy Growth (NASDAQ:CGC,TSX:WEED) announced it will acquire The Supreme Cannabis Company (TSX:FIRE,OTCQX:SPRWF) in a deal worth approximately C$435 million.
Meanwhile, a cannabis operator in the US confirmed this week that it will receive a financial boost from a partner to solidify its position in the burgeoning Pennsylvania state market.
The Board of Directors of Aphria Unanimously Recommends Shareholders Vote “For” the Arrangement
Aphria to Host Special Meeting of Shareholders on Wednesday, April 14, 2021 to Approve Proposed Aphria-Tilray Business Combination
Love Hemp Group PLC (AQSE: LIFE) (OTCQB: WRHLF), one of the UK’s leading CBD and Hemp product suppliers, announces that as part of the equity fundraise announced yesterday, Antony Calamita and Andrew Male, Directors of the Company, subscribed for 285,714 Ordinary Shares and 1,428,571 Ordinary Shares respectively. The subscriptions are at a price of 3.5 pence per ordinary share for a total of £60,000. Following these subscriptions, Antony Calamita is now interested in 54,385,714 Ordinary Shares, representing 8.61% of the Company’s share capital as increased by the fundraising, and Andrew Male is now interested in 6,138,196 Ordinary Shares, representing 0.97% of the Company’s issued share capital as increased by the fundraising
Further, the timetable for receipt of applications under the Broker Option, which was also announced yesterday, has been extended until 5:00 pm 9 April 2021 to capture additional interest which was unable to be completed yesterday.
Revive Therapeutics Ltd. (“Revive” or the “Company”) (CSE: RVV, USA: RVVTF), a specialty life sciences company focused on the research and development of therapeutics for medical needs and rare disorders, would like to provide the following dial-in information for the Company’s upcoming Annual and Special Meeting (the “Meeting”) scheduled to be held at 11:00 a.m. Eastern Daylight Time on April 12, 2021. Shareholders and proxyholders may access the Meeting via teleconference by dialing 647-723-3984 or 1-866-365-4406 from Canada or the United States, then entering participation code “8487744” followed by the pound (“#”) sign.
In consideration of the COVID-19 pandemic and the recent restrictions imposed by the Ontario Provincial Government, shareholders and proxyholders will only be able to attend the Meeting via teleconference and will not be permitted to attend the Meeting in person at the address provided on the Notice of Annual and Special Meeting of Shareholders.
Gage Cannabis Announces Exclusive Partnership With Blue River to Bring Award-Winning Cannabis Extracts to Michigan
Gage Growth Corp. (“Gage” or the “Company”) (CSE:GAGE), a leading high-quality craft cannabis brand and operator in Michigan, announced today that it has signed an agreement with Blue River™ Extracts & Terpenes (“Blue River™”) to bring the brand’s award-winning solventless technology and other trademark branded products to the state’s medical patients and cannabis consumers. The Company will have exclusive rights to Blue River™’s premium product offerings in Michigan.