NICI Quick Take
Breath of Life International is an Israel based, vertically-integrated medical cannabis cultivator and producer. It supplies its products and cannabis to pharmacies in Israel but plans to expand to Europe, Australia and Canada.
It houses a 377,000 square foot greenhouse in its headquarters of Israel, and also has operations in Portugal. Breath of Life, along with two other companies, won a tender issued by the Israel Innovation Authority, the Israeli government’s tech investment branch, to operate a medical cannabis incubator for up to five years. In this span, IIA and these three companies will jointly invest approximately $43 million in the incubator, which will accept six medical cannabis startups in each year.
Breath of Life has opted to delay its Initial Public Offering until it is in a position to benefit most from public capital markets.
|NICI Subsector||Health & Wellness|