Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4): Project Pipeline Set to Swell

January 3, 2019 11:53:14
  • Israel on brink of removing ban on export of medical marijuana
  • Redfund makes first investment in cannabis beverage company Biolog Inc.
  • Biolog to collaborate in initiative to develop water-soluble cannabinoids

Recent developments in regulation and research and development in the cannabis space are set to swell the project pipeline of Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4). In November, a government committee in Israel approved the first draft of a law on the export of medical cannabis, a move welcomed by the industry, with one commentator ( opining, “Although a small step in the dry process of legislation, it’s a huge leap forward for the industry.” Medical cannabis has been domestically available in Israel for at least two decades. Its export, however, has been prohibited, leaving untapped, some say, a market worth around $4 billion.

The course of cannabis in Israel has meandered over the years. Most notably, it was in Israel that Raphael Mechoulam and Yechiel Gaoni started research on cannabis in the 1960s, with their work eventually leading to the identification and…

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