Ilan Bioculture

Company Overview

Snapshot

Founded in December 2010 by Liam Gal-On, Ilan Bioculture operates with 51–200 employees. The company has raised $3.7 million across two funding rounds. In February 2019, Ilan Bioculture entered into a memorandum of understanding to acquire P.L.T. Financial Services Ltd in a reverse merger transaction.

Business overview

Ilan Bioculture is an Israeli-American biotechnology company focused on enhancing health and wellness through plant-derived solutions, particularly cannabis. The company develops and commercializes tissue culture technologies for various crops, enabling mass-scale commercial cannabis micropropagation to produce clean and identical plantlets. Ilan Bioculture operates R&D centers and a commercial nursery in Israel, and through its subsidiary Agripharma, manages manufacturing, distribution, and nursery facilities in California, marketing its PRYME-branded product line. Its subsidiary Yoga Cloud develops medical and recreational products for the North American market, operating within the Agriculture & Food Technologies sector.

Strategic signal

In February 2019, Ilan Bioculture announced its intention to acquire P.L.T. Financial Services Ltd through a reverse merger. This strategic move indicates a potential shift in the company's corporate structure and access to public markets, signaling a significant evolution in its business strategy beyond its core biotechnology operations.

Company Intelligence Q&A

When was Ilan Bioculture founded and by whom?

Ilan Bioculture was founded in December 2010 by Liam Gal-On.

What is Ilan Bioculture's primary focus?

Ilan Bioculture focuses on tissue culture technologies for various crops, particularly cannabis, to produce clean and identical plantlets for health and wellness solutions.

What was a significant corporate development for Ilan Bioculture in February 2019?

In February 2019, Ilan Bioculture entered into a memorandum of understanding to acquire P.L.T. Financial Services Ltd in a reverse merger transaction.

Where does Ilan Bioculture operate?

Ilan Bioculture has a presence in both Israel, where it operates R&D centers and a commercial nursery, and the United States, specifically California, through its subsidiary Agripharma.

What is the status of Ilan Bioculture?

Ilan Bioculture is currently Non Active, having ceased to operate in January 2025.