Canbridge: Smart Agro’s first investment stood at the first milestone – the capital market

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Which recently raised NIS 21 million in an initial public offering (IPO) – the investor in agro-tech companies reports that the company’s first investment – Canbrid stood at the first milestone as announced in the prospectus and completed the production cycle of seeds (F hybrid). According to the company, this is the first of its kind in the world.

According to the company announcement, the stable seeds will ensure standardization and high quality of raw material for the entire cannabis industry. In the current cycle, Canbrid has produced dozens of stable new varieties with diverse genetic backgrounds, which will be planted for testing in the cultivation and seed production farm of the company currently established. At the end of the testing phase, which is expected to end in the first half of 2021, the varieties They will meet market demands.

Canbridge is developing a solution to the main problem of the cannabis industry that suffers from a lack of genetic stability in plants, and as a result high production costs that hurt growers’ profits. Stable and uniform-seeded inmates, with improved genetics, may solve this problem.

Smart Agro plans to focus on agro-tech companies from the Israeli market that are considered innovative when it comes to technologies for the agricultural industry, thanks in part to international-level agronomic institutions such as the Faculty of Agriculture of the Hebrew University, the Technion and the Volcanic Institute.