other material
confidence high
sentiment positive
materiality 0.60
GCAN signs licensing/research deal with Shaare Zedek for cannabinoid therapy targeting neuropsychiatric disorders
Greater Cannabis Company, Inc.
- Licensing covers novel cannabinoid therapeutic for autism, schizophrenia, Parkinson's, Alzheimer's, and other neuropsychiatric disorders.
- Joint R&D agreement with Shaare Zedek Scientific, technology transfer arm of Jerusalem's Shaare Zedek Medical Center.
- Dr. Adi Aran, SZMC pediatric neurology director and cannabis research pioneer, will lead continued clinical program.
- Director David Tavor resigned effective August 19, 2021.
- No financial terms of the agreements were disclosed.