Ok so I want to start off with a few things before
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Posted On: 03/14/2017 7:06:47 PM
Ok so I want to start off with a few things before I get into the interview. I would like to start off by commending Ziv. He was willing to meet with me at 8am (even though they start work significantly later to mirror American hours) and he allotted essentially an infinite amount of time for me. I want to follow up with an apology to you guys. I had to catch a flight and this was very last minute so I only had about half an hour with him. I didn't get to get as deep into it as I would like or get to ask all the questions submitted. That being said I will detail the brief interview below. There will be some places where I insert my opinion and I will make those points clear.
First and foremost the office definitely exists guys haha. It's a standard office with a beautiful lobby in a mini office park. The outside looks average but inside it looks modern. I took a few pictures and am on my phone now. Maybe I can post them from my computer later? I also passed by tel hashomer hospital. I have asked many people there about it and it's reputation is outstanding.
Now on to the interview
Q: what other uses are being tested for the cream? I believe I heard something about basal cell carcinoma
A: I can't get into those details but I can tell you basal cell carcinoma is not something we are testing now. It is definitely on our radar for the near future
Q: does the cream have any side effects? What makes it different from other products?
A: no there are no side effects which is a benefit of this cream unlike other medications. Also our product is natural and does not have chemicals in it like other treatments. Furthermore I believe our product will be the only psoriasis cream clinically tested on the market. If you can find another cream that was let me know (this is Ziv btw)
Q: what country do you plan to market to first?
A: US but we are also excited to take advantage of the European market. It's huge and often gets overlooked.
Q: so you want to enter the US market. This is through Medmar correct? Is this the same one in Illinois?
A: yes we will distribute through Medmar. No it's not the same company in Illinois.
Q: consulting contracts. When do you expect to generate revenue from them
A: sometime this year
Q: any myeloma updates?
A: not that I can say
Q: well are you more advanced then the previous article about killing 100% in 60% of myeloma cells in tested animals?
A: yes we are more advanced than that. I can't comment on specifics unfortunately. I don't want to tip off competition.
Q: how many patents do you have. Are they all provisional? Are they all protected by USPTO?
A: 8 provisional and they are all protected by USPTO. We filled the provisional with the intention of working our way to a real patent. It's a process. We also filled a PCT patent on five of them which extends our ownership of idea and time period for 18 months as we flush out these concepts further. But yes these are currently protected.
Q: is the condom one of those
A: of course it could be a fun way to take/give medication
Q: what other diseases are currently in the pipeline?
A: I cannot mention anything that wasn't published but there are others
Q: who do you see as your biggest competitor?
A: no competition at the moment. There are so many possibilities for cannabis and medical application that there isn't any reason for people to step on each other's toes. The more people who embrace cannabis the more beneficial it is for the industry.
Q: will you touch the raw plant or just oils
A: just oils for now
Q: are the rumors about Teva trying to buy you out true?
A: they called us and wanted to sign an NDA to have access to our information. There was no reason for us to give them access to our intellectual property/information so we denied their request.
Q: why did you go public?
A: three years ago cannabis was not taken seriously. When I told my mother what I was doing she thought I was a drug dealer and wanted nothing to do with it. Others had a similar reaction At the time buying the ticker was the only way to raise funds. If I could have raised the money at the time I would have preferred to be private. (MY OPINION: now cannabis is more widely accepted I think their recent partnerships and agreements point to this. Their non dilutive financing points to their current goals not to just keep issuing shares. I also think this rarity is why we have found such a gem and ground floor opportunity. Had cannabis been widelt accepted in 2014 I don't think theyd be public right now )
Me: well I'm glad you went public haha
He then let me see the cream. While I don't have psoriasis I can say the cream didn't have any noticable negative effects on my skin. Cream is kind of thick and you can smell the weed haha but the smell subsidies after rubbing it on.
MY OPINION: while he didn't say it, from my own interpretations of body language and context clues, I believe efficacy is a given. It almost seemed as if it was assumed that it was coming to market throughout our convo Once again this is my opinion not fact.
Also MY OPINION from talking to him he is aware of the fluctuations in the stock price but doesn't seem concerned. I get the impression he believes long term everything will work itself out.
Overall he was very nice and willing to answer all my questions. I know there are quite a few topics that might have benefitted from a deeper dive but do to my own time restrictions I couldn't get to those. I hope at least one of these answers helps y'all in your DD
First and foremost the office definitely exists guys haha. It's a standard office with a beautiful lobby in a mini office park. The outside looks average but inside it looks modern. I took a few pictures and am on my phone now. Maybe I can post them from my computer later? I also passed by tel hashomer hospital. I have asked many people there about it and it's reputation is outstanding.
Now on to the interview
Q: what other uses are being tested for the cream? I believe I heard something about basal cell carcinoma
A: I can't get into those details but I can tell you basal cell carcinoma is not something we are testing now. It is definitely on our radar for the near future
Q: does the cream have any side effects? What makes it different from other products?
A: no there are no side effects which is a benefit of this cream unlike other medications. Also our product is natural and does not have chemicals in it like other treatments. Furthermore I believe our product will be the only psoriasis cream clinically tested on the market. If you can find another cream that was let me know (this is Ziv btw)
Q: what country do you plan to market to first?
A: US but we are also excited to take advantage of the European market. It's huge and often gets overlooked.
Q: so you want to enter the US market. This is through Medmar correct? Is this the same one in Illinois?
A: yes we will distribute through Medmar. No it's not the same company in Illinois.
Q: consulting contracts. When do you expect to generate revenue from them
A: sometime this year
Q: any myeloma updates?
A: not that I can say
Q: well are you more advanced then the previous article about killing 100% in 60% of myeloma cells in tested animals?
A: yes we are more advanced than that. I can't comment on specifics unfortunately. I don't want to tip off competition.
Q: how many patents do you have. Are they all provisional? Are they all protected by USPTO?
A: 8 provisional and they are all protected by USPTO. We filled the provisional with the intention of working our way to a real patent. It's a process. We also filled a PCT patent on five of them which extends our ownership of idea and time period for 18 months as we flush out these concepts further. But yes these are currently protected.
Q: is the condom one of those
A: of course it could be a fun way to take/give medication
Q: what other diseases are currently in the pipeline?
A: I cannot mention anything that wasn't published but there are others
Q: who do you see as your biggest competitor?
A: no competition at the moment. There are so many possibilities for cannabis and medical application that there isn't any reason for people to step on each other's toes. The more people who embrace cannabis the more beneficial it is for the industry.
Q: will you touch the raw plant or just oils
A: just oils for now
Q: are the rumors about Teva trying to buy you out true?
A: they called us and wanted to sign an NDA to have access to our information. There was no reason for us to give them access to our intellectual property/information so we denied their request.
Q: why did you go public?
A: three years ago cannabis was not taken seriously. When I told my mother what I was doing she thought I was a drug dealer and wanted nothing to do with it. Others had a similar reaction At the time buying the ticker was the only way to raise funds. If I could have raised the money at the time I would have preferred to be private. (MY OPINION: now cannabis is more widely accepted I think their recent partnerships and agreements point to this. Their non dilutive financing points to their current goals not to just keep issuing shares. I also think this rarity is why we have found such a gem and ground floor opportunity. Had cannabis been widelt accepted in 2014 I don't think theyd be public right now )
Me: well I'm glad you went public haha
He then let me see the cream. While I don't have psoriasis I can say the cream didn't have any noticable negative effects on my skin. Cream is kind of thick and you can smell the weed haha but the smell subsidies after rubbing it on.
MY OPINION: while he didn't say it, from my own interpretations of body language and context clues, I believe efficacy is a given. It almost seemed as if it was assumed that it was coming to market throughout our convo Once again this is my opinion not fact.
Also MY OPINION from talking to him he is aware of the fluctuations in the stock price but doesn't seem concerned. I get the impression he believes long term everything will work itself out.
Overall he was very nice and willing to answer all my questions. I know there are quite a few topics that might have benefitted from a deeper dive but do to my own time restrictions I couldn't get to those. I hope at least one of these answers helps y'all in your DD
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