Better

Company Overview

Snapshot

Founded in August 2009 by Yohai Golan-Gild, Better operates with 11–50 employees. The company has raised $15 million across one funding round. In February 2022, InterCure signed a definitive agreement to acquire Better.

Business overview

Better specializes in the development of medical-grade cannabis for various medical conditions, focusing on strains with diverse CBD and THC combinations and high terpene levels to enhance product efficiency and potency. The company offers a range of standardized, contaminant-free products with consistent active pharmaceutical ingredients, including THC, CBD, and other cannabinoids. Better serves the Health Tech & Life Sciences sector, specifically within Pharma & Medical Biotechnology and Medical Cannabis, targeting patients globally.

Strategic signal

The definitive agreement for InterCure to acquire Better, signed in February 2022, signals a significant consolidation within the medical cannabis industry. This acquisition provides InterCure with Better's multi-national production capabilities and specialized strains, indicating a strategic move towards market expansion and enhanced product offerings. For investors, this suggests a potential for increased market share and operational synergies within the acquiring entity, validating Better's product development and market position.

Company Intelligence Q&A

What was a significant corporate development for Better in early 2022?

In February 2022, InterCure signed a definitive agreement to acquire Better, a multi-national medical cannabis producer.

What strategic intent did Better Holdings express in October 2019?

In October 2019, Cannabis Company Better Holdings expressed an intent to sell its Israeli operations.

What research initiative involving medical cannabis was trialled in June 2016?

In June 2016, medical cannabis was trialled in the treatment of melanoma at the University of Canberra.

Who is a key founder of Better and what was their contribution to medical marijuana research?

Yohai Gild Golan, a founder of Better, was noted in September 2016 for advancing medicinal marijuana research in Israel.