Former Israeli Air-Power Commander Eitan Ben Eliyahu is the newest high-profile title to affix the nation’s burgeoning medicinal cannabis business.
The retired main normal has been named chairman at Cannbit Ltd (TASE: CNBT) and he cemented the appointment by investing NIS 1.5 million ($420,000) within the firm’s inventory. He was already an investor within the agency, together with Swedish artwork curator Daniel Birnbaum and former Yesh Atid Knesset Member Yifat Kariv, and now he’s heading up the agency’s board.
He follows two former Israeli Prime Ministers and a number of other main public figures into this rising sector. Ehud Barak, who led the nation from 1999 to 2001, served as Minister of Defence from 2007 to 2011 and was immortalized within the Stephen Spielberg film Munich, acquired the ball rolling in September 2018 when he grew to become chairman at InterCure (TLV: INCR).
He declared that medical cannabis has confirmed potential to enhance the lives of sufferers worldwide and he has emerged as a number one authority throughout the international business, whereas he’s handsomely compensated for his efforts.
One other former Prime Minister, Ehud Olmert, joined the business in April 2019 when he joined the board at licensed producer Univo Prescription drugs Ltd (TASE: UNVO.TA). Olmert was as soon as Minister of Well being and he served as Prime Minister from 2006 to 2009, though he subsequently frolicked behind bars for bribery and obscuring justice.
Earlier this week, Yaakov Peri, the previous Israeli Minister of Science, Know-how and House, took over as president at marijuana analysis agency CANN-IL. Former Israeli Chief of Employees Dan Halutz grew to become chairman at cannabis agency CFR, whereas former Israeli Police chief Yohanan Danino chairs Collectively Pharma Ltd. and one other former Israeli Air-Power Commander, Ido Nehoshtan, heads up Cannasure Insurance coverage Companies LLC.
That’s fairly the roll name and the cannabis business is quick turning into the place Israeli leaders retire to. Israel is a pioneer within the discipline of medicinal marijuana and it not too long ago permitted exports, so these politicians and navy leaders may put their contacts and diplomacy abilities to good use within the months and years forward.
In April, Cannbit raised nearly $9 million in a public providing for 19% of its registered capital in order to fund future development.