GREY:ISCNF - Post by User
Post by
maysilverstoneon Jun 16, 2021 5:17pm
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Post# 33399390
IPOT- Israeli cannabis company to watch
IPOT- Israeli cannabis company to watch $IPOT, Israel's first pure-play cannabis firm focused on offering low-cost production targeting undersupplied, major European marketplaces, is looking cheap today at $0.23 with a small mc of only $33.35M.
Israel has optimal climatic conditions to grow medical cannabis due to the humidity, temperature, and sun exposure. These conditions allow for low production costs estimated at about 1/3 the cost of growing in colder climates like Canada/Europe. Also, Israel is among the highest cannabis use per capita in the world at over 27% with 10k patients on waitlist for medical cannabis due to supply constraints.
Isracann has a joint venture agreement in place with a built 55,000 sq ft farm that is expandable to 160,000 sq ft in the near term with access to over 2,000,000 sq ft of private land. With all requisite construction and infrastructural installations completed, they are just waiting on an inspection of the facility.
Since Israel has a new leader who's pro MJ and will be legalizing it soon, $IPOT is a great pick to make bank on the new laws.