#UNVC REMINDER: Dr Daton is now Director of Reward
Post# of 85497
REWARDSTREAM TO ACQUIRE ISRAELI CANNABIS LICENSEE
Rewardstream Solutions Inc. to acquire all of the outstanding share capital of EuroMed Therapeutics Ltd. EuroMed is an arm's-length company, established under the laws of the Province of British Columbia, involved in the cultivation and exporting of medical-grade cannabis produced in greenhouse facilities located in Israel. EuroMed aims to be a leading low-cost, high-quality, medical-grade cannabis producer in Israel with a focus on both the domestic Israeli market and the emerging European cannabis market.
EuroMed, through its wholly owned Israeli subsidiary, Eurocann Agritech Ltd., owns a 74-per-cent equity stake in a 269,098-square-foot (25-dunam) cannabis designated cultivation property located 45 minutes outside of Jerusalem, Israel . EuroMed inteads to build a 22,000-square-foot greenhouse facility on the property to cultivate medical-grade cannabis for the purposes of servicing the domestic medical cannabis market and exports into Europe.