Cannbit
Formerly Bar Lev Agricultural crops, Cannbitltd
Medical-grade Cannabis Production
Startup Public Health Tech & Life Sciences Est. 2017
Total Raised
$10.93M
Public
Last Round
$8.73M
2 rounds
Investors
1
1 public
Team
3
1-10 employees
Confidence
85/100
News
7
articles
About
Cannbit specializes in growing medical-grade cannabis using high-tech agriculture to achieve high levels of quality and effectively treat a wide range of illnesses. Cannbit's high-tech greenhouse provides excellent conditions for growing a variety of cannabis strains, with an expected annual yield of over three tons of dried inflorescence. The compound is built by Growing Tec and secured by Team 3, which both comply with the IMC GSP standard. Cannbit is located in Moshav Neot Hakikar in the northern Arava desert and the southern part of the Dead Sea, where the mild winter temperatures provide optimal growing conditions for crops. Cannbit's over 5,500-square-meter greenhouse is in a highly secured 10,000-square-meter compound.
Classification
Sector
Health Tech & Life SciencesPharma & Medical BiotechnologyMedical Cannabis
Target Customer
Consumers
Business Model
B2B
Tags
farm-managementprecision-agriculturemedical-cannabisgreenhousesagtechretailers
Funding & Events
Nov 2019
M&A $23M
Jun 2018
Seed $2.2M
Namaste Technologies
Apr 2019
Exit Undisclosed
News (7)
Apr 20, 2020 · en.globes.co.il
growth-positive
Teva Israel CEO quits to head medical cannabis co Cannbit
Management Changes
Jan 2, 2020 · en.globes.co.il
growth-positive
After buying Tikun Olam, Cannbit raises NIS 26.4m
CustomersInvestmentAcquisition
Aug 18, 2019 · www.calcalistech.com
growth-positive
Israeli Cannabis Outfit Cannbit Launches Cancer Study
PartnersInvestment
Apr 21, 2019 · www.calcalistech.com
growth-positive
Cannabis Producer Cannbit Raises Almost $9 Million in Public Offering
Public Trading
Jun 18, 2018 · nocamels.com
growth-positive
Cannabis Firm Namaste Acquires 10 Percent Share Equity Of Israeli Cannabis Producer
AcquisitionPartners
Jun 18, 2018 · www.newswire.ca
growth-positive
Namaste closes acquisition of 10% share equity of Israeli-based cannabis producer Cannbit Ltd
AcquisitionPartners
Apr 1, 2018 · www.xn--4dbcyzi5a.com
https://www.xn--4dbcyzi5a.com/en/2018/04/The-Israeli-Israeli-cannabis-shares-should-be-checked/
Details
Product Stage
Released
Employees
1-10
District
Center District,South District
Founded
2017
Registrar
515668895
Locations
Neot HaKikar, Israel
HaArba'a Street 21, Tel Aviv-Yafo, Israel
Links
Admin
Last Update
Dec 13, 2021
Verified by
Jenny Sotnik-Talisman
Missing
not claimed, external profile
Team (3)
Ami Sessler
Co-Founder & Chairman of Board
Founder
Yaron Razon
Co-Founder & CEO
Founder
Sharon Adiv
Co-Founder & Farm Manager
Founder
Internal
Created by
Natalia Golczar (ngolczar@gmail.com)
Created
2018-06-24T00:00:00.000Z
Last editor
Natalia Golczar (ngolczar@gmail.com)
Status
Public on TASE on Apr, 2019;