Leon buying Cannabis

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Leon buying Cannabis

Assuming that the warrants granted in the placement are exercised, the company could obtain an additional NIS 10 million. The company reported that its new investors included veteran tycoon Leon Recanati, who in addition to his business as a member of the Recanati family and his philanthropic activity previously invested in medical companies through venture capital funds GlenRock Israel and Rainbow Medical; Saul Kaye, a leading cannabis expert; Sitrin Capital; and Yaki Amsalem from the Almog Group. One interesting investor in the round is Shavit Capital founder and managing partner Gary Leibler, who usually invests in companies before their IPOs. Leibler invested his own money in this case. The investors will buy 6. The share price for the allocation is NIS 6. As part of the deal, Tefen undertook to refrain from additional private placements at a lower share price than the one in the allocation and from offering warrants at a lower price. Non-marketable warrants will also be allocated, each of which is convertible into one ordinary share in the company. The shares resulting from the exercise of these warrants will amount to 3. Tefen's closing share price yesterday was NIS 7. Tefen is a veteran consultancy company whose revenue has been declining in recent years, accompanied by losses and cash flow problems. It was supported by large owners' loans before the company entered the cannabis sector in May Like most of the new cannabis companies on the TASE, the company is not yet producing cannabis; it is still in the setup stage of its activity. Alvit Pharma and Ori Weiss are responsible for setting up Tefen's cannabis activity. Alvit Pharma was founded in order to develop special cannabis products on the basis of knowledge in conventional pharmacy. Tefen last week reported the completion of its merger with Alvit Pharma and Ori Weiss. Published by Globes, Israel business news - en. Guy Ben Simon and Gali Weinreb. Recanati and a group of investors will pay NIS Leon Recanati Photo: Leon Recanati.

Leon Recanati invests in cannabis co Tefen

Leon buying Cannabis

Habit: Cannabis sativa grows as a pubescent glandular annual to 5 m in height. The palmately compound leaves are arranged alternately, each with 5 to 11 leaflets and subtended by linear stipules. The leaflets are lanceolate to 14 cm in length, with a serrate margin, an acuminate leaf apex. Cannabis sativa is monoecious mostly dioecious in cultivated varieties. The incomplete, imperfect, actinomorphic, flowers are arranged in terminal and axillary paniculate cymes. Staminate flowers have 5 unfused, green, ciliate, sepals in the calyx and no petals. There are 4 unfused stamens and no carpel. The carpellate flowers have 5 unfused, glandular sepals in the calyx and no corolla or stamens and are subtended by glandular bracts. The superior ovary has 2 locules. The fruit is an achene with a thin and papery coating with a single seed inside. Habitat: Cannabis sativa grows in Human Altered environments yards, gardens and in remote areas. It is native to central Asia. It is now grown around the throughout world. Active compounds within Cannabis sativa are known to be mild hallucinogens and cause a calming effect on users. Cannabis sativa has been cultivated for thousands of years for its useful fibers, oil and protein filled seeds, and the intoxicating effects of its compounds. Cannabis sativa is currently illegal to possess or grow in the Lucayan Archipelago but is considered a sacred herb within the Rastafarian community and is used extensively throughout all of the islands. Home » » Cannabis sativa. Cannabis sativa Cannabis sativa L.

Leon buying Cannabis