Tikun Olam

Medical Cannabis

Health Tech & Life Sciences
Acquired by Cannbit on Nov, 2019

Company Overview

Snapshot

Founded in January 2006 by Yitzhak Cohen, Tikun Olam operates with 11–50 employees. The company was acquired by Cannbit in November 2019, transitioning its status to an acquired entity.

Business overview

Tikun Olam specializes in the medical cannabis sector, focusing on breeding proprietary cannabis strains and developing standardized, accurately dosed products. The company's production techniques aim to enhance the efficacy of the plants' active ingredients. Its products are utilized in ongoing clinical trials within Israel's regulated medical cannabis market. Additionally, Tikun Olam operates Tikun Olam Care, a nursing clinic providing personalized cannabis treatment to over 20,000 patients for various medical conditions. The company operates within the Health Tech & Life Sciences sector, specifically in Pharma & Medical Biotechnology and Medical Cannabis.

Strategic signal

In August 2022, Tikun Olam received approval to export medical cannabis to Europe. This development signals a significant expansion of the company's market reach beyond its established operations in Israel and other regions, indicating strong regulatory validation and potential for increased international revenue streams for investors.

Company Intelligence Q&A

What was a significant corporate development for Tikun Olam in late 2019?
Tikun Olam was acquired by Cannbit in November 2019. This strategic move integrated Tikun Olam's operations into Cannbit Pharmaceuticals.
What was a key market expansion for Tikun Olam in August 2022?
In August 2022, Tikun Olam gained approval to export medical cannabis to Europe, marking a significant expansion into the European market.
What partnership did Tikun Olam-Cannbit sign in December 2021?
In December 2021, Tikun Olam-Cannbit signed a medical cannabis agreement with Teva.
What international market did Tikun Olam expand into in May 2021?
In May 2021, Tikun Olam signed a deal to export its products to Brazil's market.
What partnership did Tikun Olam announce in October 2020?
In October 2020, Tikun Olam and Maine Grown announced a partnership to produce medical and adult-use cannabis products for the state of Maine.

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