This site uses cookies to ensure the best viewing experience for our readers.
Cannabis Company Medivie Therapeutic Taps Former Soccer Player to Lead its New Funding Round

Cannabis Company Medivie Therapeutic Taps Former Soccer Player to Lead its New Funding Round

Tal Banin will work towards obtaining sole rights for CBD-infused flour, pasta, and beer products from a specific manufacturer in Italy, he told Calcalist

Tzally Greenberg   :  2019-09-09T11:23:42..
Tal Banin, a former captain of the Israeli national soccer team, has signed a partnership agreement with Tel Aviv-listed cannabis company Medivie Therapeutic Ltd., the company announced in a filing to the Tel Aviv Stock Exchange Sunday. As part of the agreement, Banin will lead a $4 million investment round for Medivie’s American subsidiary Medivie USA Inc., and in return will receive 3% of Medivie USA’s shares. He will also receive a monthly payment of NIS 15,000 ($4,250).

Banin will also work towards obtaining sole rights for CBD-infused flour, pasta, and beer products from a specific manufacturer in Italy, he told Calcalist in an interview. It is a hot trend with much growth potential in Europe and the U.S., he said.
Tal Banin. Photo: Gil Nechushtan Tal Banin. Photo: Gil Nechushtan Tal Banin. Photo: Gil Nechushtan
Formerly a company developing and manufacturing medical devices, Medivie was sold as a shelf company in November 2017 and partnered with a northern Israeli Kibbutz growing medical cannabis. The same month, it signed a $2.1 million investment deal with Amsterdam-based cannabis breeder Barney's Farm, which in exchange received 244,000 of Medivie's ordinary shares and a seat on its board.
share on facebook share on twitter share on linkedin share on whatsapp share on mail

TAGS