Israel is one of the countries that promote and facilitate experimentation with medical cannabis. Cannbit is a listed company of Tel-Aviv, a city in Israel. The company is prominent for the growth and cultivation of medical cannabis. Recently, they have planned a study with The purpose of finding a cure for three aggressive forms of cancer.
What is the Company’s Strategy?
Raphael Mechoulam, the chairman of Cannbit Advisory Committee will lead the whole study. However, the company has decided to collaborate with Hadassah University medical centers Ein Kerem and Sheba.
Cannbit has officially announced it and submitted the formal document to the stock exchange.
Mr. Mechoulam is also a medicinal chemistry professor at Hebrew University. His major contribution in the field of medicinal cannabis is the identification of THC, a major psychoactive constituent in cannabis.
The company will invest a huge amount of $400,000 for research and additional $2million to get