Cannabis-Focused Incubator iCAN Invests in Three Companies

Israeli accelerator and services company iCAN: Israel-Cannabis has invested in three companies, iCAN announced Thursday, without disclosing the financial details of the investment. The companies will be joining iCAN’s incubator.

The three companies are Oregon-based botanical extraction and equipment services Vanguard Scientific Systems LLC, Israel-based cannabis producer Isracann Biosciences Inc., and Cape Town, South Africa-based cannabis cultivator Southern Sun Pharma Inc.

In April, iCAN raised a $3 million secured convertible loan from a group of investors led by Toronto-based Plaza Capital.