04:54:01 EST Sun 15 Dec 2019
Enter Symbol
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Isracann Biosciences Inc
Symbol IPOT
Shares Issued 104,818,832
Close 2019-11-13 C$ 0.40
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Isracann hires LinC to plan out production facility

2019-11-14 01:19 ET - News Release

Mr. Darryl Jones reports

ISRACANN BIOSCIENCES HIRES EXPERT CONSULTANCY LINC TO STEER ISRAELI CANNABIS PROJECT

Isracann Biosciences Inc. has engaged the services of LinC by Growing Smart Ltd. to deliver a formal project characterization road map for the successful development of its proposed 230,000-square-foot purpose-built production facility.

The project characterization is an in-depth and detailed document, profiling the site-specific seasonal climatic conditions, including daily hours of sun, average daily/nightly high and low temperatures, daily humidity levels, and UV index levels. With that information, the project characterization determines necessary greenhouse environmental controls and equipment for dehumidification, air circulation, shading screens, active heating, cooling and carbon dioxide enrichment.

LinC is the cannabis specific arm of Grow Smart Ltd. with offices in Tel Aviv, Israel and Shanghai, China. The company is an international agricultural project management company, supplying turnkey projects for the cannabis sector and delivering individually tailored solutions to the unique needs of each project.

In addition to developing the project characterization for Isracann, LinC has been contracted to provide site-specific cannabis agronomic services. Leading LinC's agronomics team is Tal Saadon, who holds a master of science in agronomy with over 10 years of commercial agriculture experience, primarily in greenhouse cannabis cultivation from seed and harvest and drying processes through to extensive experience working with multiple growers and the various arms of the Ministry of Health. The team also includes second-generation farmer Tal Tregerman, who comes from a core founding family of an important agricultural Moshav (co-op agricommunity) in the prolific Negev region. Mr. Tregerman originally established IMC Ltd., one of the first successful outdoor cannabis greenhouses in Israel, and firmly established his ability to develop farm concepts into successful active operations.

LinC's team collaborates across the industry by working with growers, entrepreneurs, investors, agricultural research centres, agricultural technology and input companies alike. These efforts translate into over 20 years direct experience serving the medical cannabis industry in Israel and abroad. The company's role extends well beyond the initial planning phase by providing technical, business, construction and financial solutions, as well as continuing knowledge transfer and support throughout the entire life cycle of Isracann's production facility.

Company chief executive officer Darryl Jones commented: "When we initially undertook this project, we knew we would need to bring on board a quality team with the knowledge and experience to achieve timely results. LinC is that team, and we are very appreciative that they were amenable to working with us. We know they have a long list of potential projects available to them, and we have worked long and hard to ensure we are a priority with what is expected in the coming months. Their enthusiasm for our project has been highly motivational to everyone concerned, and we look forward to implementing their detailed approach to developing what we collectively believe will be one of the most efficient, highest-quality and lowest-cost licensed export production facilities throughout the entire region."

About Isracann Biosciences Inc.

Isracann is an Israeli-based cannabis company focused on becoming a premier cannabis producer, offering low-cost production and targeting undersupplied, major European marketplaces. Based in Israel's agricultural sector, Isracann will leverage its development within the most experienced country in the world with respect to cannabis research. The company has secured agreements within Israel for medicinal marijuana cultivation.

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