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Cannabics Pharmaceuticals Converts $1 Million Loan Into Common Shares of Seedo
Industry leaders strengthen partnership to meet growing demand for pesticide-free medical cannabis
PR Newswire

TEL AVIV, Israel, Jan. 8, 2019

TEL AVIV, Israel, Jan. 8, 2019 /PRNewswire/ -- Seedo Corp. (OTC: SEDO), a high-tech company providing the world's first fully automated and controlled indoor growing machine for the organic cannabis and agriculture markets, today announced that U.S.-based partner and investor Cannabics Pharmaceuticals Inc., a leader in personalized cannabinoid medicine focused on cancer and its side effects, is converting its $1 million convertible loan to Seedo into common shares of the company.

This signals increasing support from Cannabics who announced in August 2018 details of its investment in Seedo along with news of the companies' partnership to develop the world's first controlled device for growing medical cannabis at home. The collaboration between these industry leaders is poised to provide patients with the precision growth technology necessary to ensure standardized control over their medical cannabis supply.

"The fact that Cannabics Pharmaceuticals is choosing to increase its shares in Seedo now instead of upholding the right to convert this loan in a year's time speaks volumes to the trust between our two organizations," said Zohar Levy, CEO and Director of Seedo Corp. "We look forward to continuing to build on this strong partnership as we bring to market our revolutionary product that will enable patients a precise way to source pesticide-free, medical-grade cannabis designed to meet their unique patient profile."

About Seedo

Seedo is a market leading high-tech company providing the cannabis and agriculture industries with the world's first fully automated and controlled indoor growing machine. Seedo provides growers with the freedom to cut costs while generating high yields of lab-grade, pesticide-free herbs and vegetables. Seedo's AI-powered, turnkey systems enable anyone from average consumers to large-scale producers the ability to grow without prior experience or ample space. Seedo is a publicly traded company backed by a group of international investors including Cannabics Pharmaceuticals and is headquartered in Israel. For more information, visit http://www.seedolab.com

About Cannabics Pharmaceuticals
Cannabics Pharmaceuticals Inc. (CNBX) is a United States-based public company that is developing a platform that leverages big data and artificial intelligence to develop cannabinoid-based therapies for palliative care and cancer treatments that are more precise to a patient's profile and specific cancer. Cannabics' approach can also be used to help develop cannabinoid-based therapies as a preventive or primary cancer treatment - not just palliative, the way it's being used now. By developing tools to assess effectiveness on a personalized basis, Cannabics is helping to move medical cannabinoids into the future of cancer therapies. The company's R&D is based in Israel, where it is licensed to conduct scientific and clinical research on cannabinoid formulations. For more information, please visit http://www.cannabics.com.