Medical Cannabis Company
Medical Discourse
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Reported that cannabis inflorescences were first exported from Israel. Unlike a finished medical cannabis product, cannabis extracts and cuttings (a section of a plant the size of which must be replanted), which have already been made before, this is the first export of inflorescences, which are raw material on which the various by-products derived from cannabis are based.
The merchandise exported to a new customer in Australia includes 4 varieties of Medical Shrub. In terms of quantity, this is only tens of kilograms, which means an insignificant volume of delivery. Market sources estimate that the company will be able to bring in NIS 7-10 million a year from the export of cannabis inflorescences.
In the company’s view, the company’s transition to exporting medical cannabis inflorescences as a bulk raw material alongside the company’s continued export of finished products to Australia, and further export shipments to Germany and Cyprus, “is an important step in implementing the company’s policy of flexibility, In the Israeli market. ”
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Yogev Sarid, CEO of Sheikh Medical Group: “I am happy to be pioneers in Israel in opening another export channel in accordance with the amendment of the law. This channel in addition to the existing exports allows us to diversify our revenues from a number of target audiences. Our main market was and continues to be the Israeli market.
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