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, with a particular emphasis on 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, where it also markets its PRYME-branded product line. Additionally, its subsidiary Yoga Cloud develops medical and recreational products primarily for the North American market, serving the Agriculture & Food Technologies sector.

Strategic signal

In February 2019, Ilan Bioculture entered a memorandum of understanding to acquire P.L.T. Financial Services Ltd via a reverse merger. This strategic move signaled the company's intent to potentially access public markets or restructure its financial framework, indicating a significant shift in its corporate strategy and potential for broader market engagement beyond its core biotechnology operations.

Company Intelligence Q&A

What is Ilan Bioculture's primary focus in biotechnology?

Ilan Bioculture focuses on developing and commercializing tissue culture technologies for various crops, with a specialized application in mass-scale commercial cannabis micropropagation to produce clean and identical plantlets.

What significant corporate development did Ilan Bioculture pursue in early 2019?

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

Where does Ilan Bioculture maintain its operational presence?

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, which manages manufacturing, distribution, and nursery facilities.

What product lines does Ilan Bioculture offer through its subsidiaries?

Through its subsidiary Agripharma in California, Ilan Bioculture markets its PRYME-branded product line. Additionally, its fully owned subsidiary Yoga Cloud develops medical and recreational products primarily for the North American market.

When was Ilan Bioculture founded and by whom?

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