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Canadian Cannabis Company Buys Into Israeli Pharmacies

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Former Health Ministry CEO Prof. Itamar Grotto, along with Pharmacy Federation Chairman David Pepo, former New Pharm CEO Yiftah Sri and founder of Bull Pharma Tamir Gedu, Involved in the deal under which Canadian cannabis company first acquires control of pharmacies and cannabis trading in Israel .. says media report

Canadian cannabis company Atlas Global Brands (Atlas Global Brands) is entering significant activity in the Israeli cannabis industry and becomes the first foreign company to operatecannabis pharmacies and commerce in Israel. Activities in Israel will be carried out through a rotational transaction by an Israeli company called Cambrosia (Cambrosia), which Atlas recently acquired.

Cambrosia, founded by Tamir Gedu,Veterans of the industry, And his partner Abby Alkim, acquires Atlas control (51%) at Cannabis Pharmacy “ Harmony ”In Tel AvivandIn JerusalemAnd in the cannabis trading houseIn Tel Aviv, JoiningPharmacy “TELLs ”In Ramla, which is controlled by (51% ), she recently acquired from David Pepo, Hugh ” the Pharmacy Association, who remained with 49% and was appointed director.

In exchange for the sale of Cambrosia to Atlas ( together with the new assets ), Gedo, Alkim and Pepo will receive, as well as other shareholders and directors of Cambrosia – Lior Chen, Jonathan Ben Canaan, Samuel Levy, Dov Ivy and Yiftah Sri ( ”L New Pharm CEO and former Katzet ) – Shares and appointments as directors of Atlas, and will be responsible for Atlas cannabis activity in Israel, which is expected to expand.

Source; https://www.xn--4dbcyzi5a.com



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Press Release EU ZA

Press Release: Lyphe Group and Boveda INC. Forge Partnership for UK Medical Cannabis Patients

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Lyphe Group (“Lyphe”), one of the UK’s leading medical cannabis companies, is pleased to announce an innovative partnership set to enhance the way patients receive their medical cannabis prescriptions.

In an industry first, Lyphe’s dispensing pharmacy Dispensary Green has partnered with Boveda Inc. (“Boveda”), the global leader in 2-way humidity control, to empower patients to keep their cannabis prescriptions in optimal condition.

As part of the partnership, Dispensary Green will include complimentary Boveda packs with all medical cannabis flower prescriptions. Dispensary Green and Boveda will also work together to educate patients on how to preserve the freshness of their medication and identify key quality markers.

Nick Pateras, CEO of Lyphe Group, said: “This partnership exemplifies our commitment to supporting patients’ rights for the highest quality medical cannabis.

“Our ambition to deliver a best-in-class patient experience has led us to identify several opportunities for standout patient care, and our relationship with Boveda is the first of these initiatives. We understand the importance of patients’ medicine being at its freshest and most effective for the conditions they are treating.”

Benjamin Patock, Head of International Relations at Boveda Inc., adds: “Proper humidification is one of the most pressing global challenges in cannabis care today, especially since it extends beyond the point of sale into patients’ homes – and therefore beyond the direct control of producers, clinics, and pharmacies.

“It is a pleasure to see medicinal pioneers such as Lyphe Group taking this extra step towards a flawless patient experience by embracing our patented technology. We are looking forward to a great partnership!”



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ElixinolSkin cosmetics return to UK

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Acclaimed Global CBD brand, Elixinol, is making a highly anticipated return to the UK market thanks to a partnership with BRITISH CANNABIS™.

This exciting development was made possible by the 2022 licensing and distribution agreement entered into with BRITISH CANNABIS™ a leading UK-based company.

With this strategic partnership in place, customers in the UK can look forward to experiencing the exceptional quality and purity of Elixinol’s CBD products, which have been meticulously crafted using the finest ingredients and industry-leading production techniques. 

“As the trusted regional partner of Elixinol, we are thrilled to be able to bring you a range of cosmetics that not only enhances your skin’s natural radiance but also promotes overall well-being”, commented BRITISH CANNABIS™ Marketing Director, Steve Batchelor.

New partnership sees revamped ElixinolSkin cosmetics return to UK



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CiiTECH Bought Out Of Administration By Fellow UK Company For £210,00

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CBD company CiiTECH has been sold to fellow UK-based cannabis company Tenacious Labs for £210,000.

In July 2021 CiiTECH raised £2.1m to fund its listing on the London Stock Exchange with a slated value of £17.5m.

However, after two loss-making years it fell into administration on October 22, 2022, and on February 16, this year, it was sold to Tenacious Halfway – a subsidiary of Tenacious Labs – for £210,000.

Administrators Leonard Curtis said it had received 46 expressions of interest in buying the assets of the business, which resulted in five offers with Tenacious making the highest bid.

Nick Morland, CEO and co-founder of Tenacious Labs, told Business of Cannabis: “CiiTECH was in the same situation as a couple of dozen good businesses. The irony is that they got hit the hardest as they were busy on the next step (an LSE listing).

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https://businessofcannabis.com/ciitech-bought-out-of-administration-by-fellow-uk-company-for-21000/?mc_cid=c0a48fdbf5



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