BETHESDA, Md., Sept. 8, 2015 /PRNewswire/ -- Cannabics Pharmaceuticals Inc. (OTCQB: CNBX) announced today that Israeli patients with a medical cannabis license will now have access to Cannabics Pharmaceutical's cannabis oil Capsules.
Cannabics Pharmaceuticals executed an IP Licensing and Collaboration Agreement in Israel with Bazelet Pharma for the distribution of the Company's medical cannabis capsules in Israel through approved medical cannabis growers and in strict compliance with all laws and regulations in Israel.
From October 1, 2015, patients in Israel with a medical cannabis license shall be entitled to receive Cannabics oil capsules. These capsules are offered in two dosages: 1. Hermon-SR 10mg THC 2. Gilboa-SR 9.5mg THC, 0.5mg CBD.
"In recent years, Israel has become a superpower in the field of medical cannabis and we are excited about the opportunity to collaborate with the finest cannabis growers in Israel," said Dr. Eyal Ballan, Chief Scientist of Cannabics.
Last month Cannabics Pharmaceuticals announced that WanaCapsXR capsules are sold in every region of Colorado. WanaCaps XR is the result of a partnership between Wana Brands from Boulder, Colorado and Cannabics Pharmaceuticals. The two companies decided to expand into more key medical marijuana markets, including Oregon, New York, Washington, Nevada and California.
Since 2012, Cannabics Pharmaceuticals has been developing an integrated treatment for cancer patients through a network of doctors, hospitals, universities and agronomists in Israel. From the first stage when the plant sprouts to extracting active compounds, formulation, diagnostics, administration methods and clinical studies are all under the company's scope.
About Cannabics Pharmaceuticals:
Cannabics Pharmaceuticals is dedicated to the development of advanced cannabinoid-based treatments and therapies. The Company's main focus is the development of novel therapies and biotechnological tools aimed to providing palliative and anticancer treatments. These advanced tools include novel delivery systems and the discovery of cannabinoid compounds targeted to specific cancers based on cutting edge High Through-output Screening and bioinformatics. For more information, visit www.cannabics.com/
About Bazelet Pharma:
Bazelet Pharma Ltd. Operates one of the world largest licensed Medical Cannbis logistical centers and packing house managed by the Barak group in Israel, a 1500 Square meters facility that entail all post-harvest activities of the farms, Trimming, Dehydration, Cigarette plant, Extractions plant and Flora packaging all done automatically under pharmacist supervision and with absolute lack of human touch. The Packing house is managed and operated strictly following GMP procedures which is the world standard for pharmaceutical manufacturing and allow tracking of each package to its origin and maintains a secure, echo environment controlled facility, and well document operation log. For more information, visit www.bazelet-n.com
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Cannabics Pharmaceuticals, Inc.
Certain statements contained in this release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to statements identified by words such as "believes," "expects," "anticipates," "estimates," "intends," "plans," "targets," "projects" and similar expressions. The statements in this release are based upon the current beliefs and expectations of our company's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Numerous factors could cause or contribute to such differences, including, but not limited to, results of clinical trials and/or other studies, the challenges inherent in new product development initiatives, the effect of any competitive products, our ability to license and protect our intellectual property, our ability to raise additional capital in the future that is necessary to maintain our business, changes in government policy and/or regulation, potential litigation by or against us, any governmental review of our products or practices, as well as other risks discussed from time to time in our filings with the Securities and Exchange Commission, including, without limitation, our latest 10-Q Report filed on July 15th, 2015. We undertake no duty to update any forward-looking statement or any information contained in this press release or in other public disclosures at any time.
Cannabics Pharmaceuticals, Inc.
SOURCE Cannabics Pharmaceuticals Inc.