Ron Strider
Well-Known Member
Dutch cannabis breeder Barney's Farm has made a $2.1 million investment in Tel Aviv-listed medical cannabis company Medivie Therapeutic.
Barney's received around 244,000 of Medivie's ordinary shares, allocated according to a company value of $14.2 million for Medivie, as well as a seat on the company's board of directors.
Medivie received permission to use Barney's logo and graphics for its future product. Medivie was once a company that developed medical oral devices for pain relief and migraines, but was sold earlier this month and then partnered with an anonymous Israeli kibbutz that grew medical cannabis in Northern Israel.
Medivie will pay $4 million in milestones for a 51 percent stake in a cannabis operation to be set up in Northern Israel. The company will receive 2.5 acres of land from the kibbutz for three years, with an option to receive as much as 47 more acres.
News Moderator: Ron Strider 420 MAGAZINE ®
Full Article: Barney's Farm Invests in Medical Cannabis Company | News Flash
Contact: Contact Us | NoCamels - Israeli Innovation News
Photo Credit: Kobi Gideon
Website: Home | NoCamels - Israeli Innovation News
Barney's received around 244,000 of Medivie's ordinary shares, allocated according to a company value of $14.2 million for Medivie, as well as a seat on the company's board of directors.
Medivie received permission to use Barney's logo and graphics for its future product. Medivie was once a company that developed medical oral devices for pain relief and migraines, but was sold earlier this month and then partnered with an anonymous Israeli kibbutz that grew medical cannabis in Northern Israel.
Medivie will pay $4 million in milestones for a 51 percent stake in a cannabis operation to be set up in Northern Israel. The company will receive 2.5 acres of land from the kibbutz for three years, with an option to receive as much as 47 more acres.
News Moderator: Ron Strider 420 MAGAZINE ®
Full Article: Barney's Farm Invests in Medical Cannabis Company | News Flash
Contact: Contact Us | NoCamels - Israeli Innovation News
Photo Credit: Kobi Gideon
Website: Home | NoCamels - Israeli Innovation News
