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News / Mar 06, 2018

Medivie signs $110m medical cannabis export deal

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Medivie Therapeutic Ltd. (TASE:MDVU), which is seeking to operate in the cannabis sector, has announced the signing of a binding memorandum of understanding for cooperation with an international investor likely to give Medivie up to $110 million. Under the agreement, Medivie will supply 100 dunam (25 acres) in Israel or elsewhere for the purpose of growing, producing, and exporting medical cannabis. The company will supply the investor with half of the cannabis it grows, up to 50 tons a year.

Ilan Gerzi, Senior Partner and Chair of the Capital Markets and Securities Group, represents Medivie Therapeutics Ltd.

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