For whatever reason the market recently became somewhat more active around our stock. Since Dec. 30 (low PPS of $0,04) to today (PPS of $,085) volume did increase a lot.
Even if no one seems to read this board, I want to document herein why a press release outlining a corporate update is overdue. I wrote to our CEO requesting one.
Oct. 20, 2021-- Isracann Biosciences Inc. announces the appointment of Mr. Phil Floucault as CEO effective immediately.
Aug. 31, 2021 (GLOBE NEWSWIRE) -- Isracann Biosciences Inc. announces the appointment of Mr. Peleg Agayuf as Manager of Farm Operations and provides a corporate review and update of its activities in Israel. Recent activities at the Ein Hahoresh Farm include the following:
-The facility as proposed has been completed and are now fully constructed, with all related services and infrastructure installed.
-The requisite Ministry of Security and Ministry of Health inspections have been delayed but preliminary inspections were completed some time ago. Isracann has been advised that the requisite final inspections are anticipated within weeks.
-Once the inspections are concluded and approvals received, planting is allowed to commence immediately. The hiring of Mr. Peleg Agayuf brings timely oversight to start-up activities during and after the transition to operations.
-Regarding importation of products from Canada for Israel’s medical marketplace, recent Israeli regulatory rule changes impacted all cannabis importers negatively. Isracann and its local partners have utilized the time to carefully finalize a supply chain pathway. Applications are underway to secure importation rights.
-The Company’s Nir, Yisreal farm is complex due to regional issues specific to public lands. Company consultants are currently updating plans to align and comply with Settlement Commission requests.
-Isracann COO Matt Chatterton notes, “The good news is that our construction team at Ein Hahoresh continued their efforts and concluded their work at the farm and as part of our transition to commercialization we have utilized our time by increasing our processing capacity in order that we might more rapidly catch up and possibly surpass our original production expectations.
Whenever significant change can or does impact our investment, the company must update the market. Hard to believe that nothing 'significant' (except nominating a CEO) did happen within the last 5 months.
A corporate updated is now required and overdue.
