Market Highlights

Leading Research Centre

Cannabis

One of the fastest growing consumer segments ever, with an estimated global market size of $146.6B by 2025

Domestic

10,000 patients in Israel currently on waitlist. Massively underserved domestic market presents significant and immediate opportunity

International

Israeli government in process of approving exports. European Union countries in close proximity, such as Germany, present a significant opportunity as they face undersupply

Israel’s Regulatory Overview

In 2007 Israel became the first country to allow medical research and cannabis cultivation

Cannabis is legal for medical purposes in Israel and decriminalized for recreational use. Patients purchase directly from pharmacies.

6 types of licenses:

Nursery Distribution
Cultivation Pharmacy
Manufacture Scientific
regulatory overview

Israeli Market

israeli-market

Optimal climate for growing conditions will allow Isracann to be a low-cost producer serving the domestic market

10,000 patients on waitlist for medical cannabis due to supply constraints

Patients expected to exceed 50,000 in 2019

Among the highest cannabis use per capita in the world

History of cannabis innovation and research with THC and CBD cannabinoid structure discovered at Hebrew University of Jerusalem

Access to top researchers in the field provides valuable strategic data for the development of formulations and cannabinoid profiles

European Market

After Israel announces its legislative framework for exports, Isracann intends to become a premier supplier of the European market

Medical cannabis already available in 10 European countries

Europe population over 740 million, double USA and Canada — the two largest cannabis markets today.

EU medical market estimated to be $64B USD by 2028

Initial entry point to be Germany, a medical market potentially larger than the rest of Europe combined


Sector Comparables

Company Name Market Cap ($MM)
(Nov. 9, 2018)
Funded Facility Size
(1,000 sq. ft.)
Funded Capacity Market Cap ($MM) / Funded Facility Size Market Cap ($MM) / Funded Capacity
Isracann Biosciences $55.2MM 232.9 23.5t 0.2x 2.3x
WeedMD $179MM 616.0 33.0t 0.3x 5.4x
Newstrike $284MM 374.0 32.5t 0.8x 8.9x
Vivo Cannabis $308MM 240.5 57.0t 1.3x 5.4x
Village Farms Intl. $308MM 550.0 37.5t 0.5x 7.8x
InvictusMD $157MM 210.2 15.7t 0.7x 10.0x
Supreme Pharmaceuticals $441MM 342.0 50.0t 1.5x 9.9x
Median Metrics $290.4MM 462.0 35.3t 0.8x 8.3x
Implied Valuation of Isracann Biosciences $176.9MM $195.7MM
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