Israel To Launch Cannabis Sub Index On Tel Aviv Stock Exchange

Green Prophet reports……While the industry is still rife with a lot of smokescreens and penny stock companies there are veritable potential breakthroughs waiting for business. Some 11 companies now with products from healthcare to pharmacology will take on their own sub-index on the TASE, the Tel Aviv Stock Exchange. The new index will start trading on November 1, according to the TASE. 

Those that only sell medical cannabis will not be part of the new index TA-Biomed that will focus on research and healthcare. 

The exchange said that investors were looking for this kind of index, and it will now also help mutual fund investors invest in cannabis. 

The companies to be listed on the new index include: Tikkun Olam, Cannbit, Intelicanna, Intercure, Univo Pharmaceuticals, Pharmocann, Cannomed and Seah Medical Group.

Some companies already trading include Evogene. They are dual-listed on the TASE and the NASDAQ, which is common for Israeli stocks. 

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