International Marijuana Business News – Middle East
Two employees of Israeli cannabis producer InterCure were among those kidnapped by Hamas when the militants infiltrated Israel’s southern border earlier this month, the company disclosed this week.
International medical marijuana operator IM Cannabis Corp. has become the latest in the industry to receive a warning from the Nasdaq stock exchange over a share price falling below the exchange’s minimum bid price requirement.
Multinational tobacco giant Philip Morris International is acquiring the Israeli cannabis tech firm Syqe Medical in a deal worth up to $650 million, according to the daily Israeli business newspaper Calcalist.
The growth in Israel’s medical cannabis industry has slowed over the past several months, but experts say regulatory changes are afoot that could reinvigorate patient numbers if the country’s tumultuous political situation stabilizes.
Hebrew University Professor Raphael Mechoulam, considered the “father of cannabis research,” has died in Israel.
International medical cannabis company IM Cannabis Corp. is reorganizing its management and operations, including cutting up to 25% of its workforce.
Canadian marijuana producer Atlas Global Brands entered into binding letters of intent to buy majority positions in two cannabis pharmacies in Israel.
