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Isracann Biosciences Inc ISCNF

Isracann Biosciences Inc. is a Canada-based cannabis company. The principal business focus of the Company is medical cannabis cultivation and distribution to provide products to the Israeli medical cannabis market, and to develop and validate Natural Health Products (NHP), through the Company’s operating subsidiaries. The Company's segments include Head Office, Medical Cannabis and Natural Health Product. The Company aims to commercialize natural health medicines in Canada and to leverage agreements within Israel for import/export opportunities and medicinal marijuana cultivation. The Company's subsidiaries include Isracann Holdings Inc., Praesidio Health Inc., Isracann Biosciences Capital Ltd., Isracann Operations Ltd., Isracann Development Ltd., Isracann Agritech Ltd., Isracann Administrative Services Ltd. and others.


GREY:ISCNF - Post by User

Bullboard Posts
Post by LatAmBullon Dec 03, 2019 10:12am
222 Views
Post# 30416928

IMCC further along than IPOT; $10 million of 2019 revenue.

IMCC further along than IPOT; $10 million of 2019 revenue.If you are interested in the Israeli cannabis space, I highly recommend you check out IMCC. 

Valuation is very cheap relative to IPOT given 2019 run-rate revenue of ~$10 million in Israeli market + EU market opportunity through German distributor ownership. Company has built leading IP, strong brands, and has a highly credible management team. Company has built leading IP ovder last 10 years, has strong products/brand, and has a highly credible management team.

IMCC/IPOT trade at a similar valuation but IMCC is significantly further along. Not to say that IPOT isn't a good bet either, but if you are interested in this Israeli/EU opportunity, recommend you check out this opportunity as well. 


Link to Q3 earnings release: 

IMC HOLDINGS INCREASES CONSOLIDATED REVENUES BY 70% IN Q3'19
https://www.stockwatch.com/News/Item?bid=Z-C%3aIMCC-2840709&symbol=IMCC&region=C 
Bullboard Posts