Select Page

The company, the biggest cannabis firm on the Tel Aviv Stock Exchange, has said it is setting up a medical marijuana farm there, but Ugandan officials say that’s illegal. What is Israeli cannabis company Together Pharma really doing in Uganda? The answer regarding this company, which has drawn significant public interest, isn’t entirely clear.

Together, formally known as Globus Pharma saw its stock exchange valuation increase by nearly 1,800% between January and April, all while publishing an unusual number of announcements about its operations. Since that peak, its value has dropped by 60%, from 500 million shekels ($138 million) to some 300 million shekels. This makes it the cannabis company with the highest valuation on the Tel Aviv Stock Exchange. The second highest, Medway, is valued at less than 100 million shekels.

Its high turnover indicate that lots of private investors bought into the company over the past few months. Many who tried to…

Continue reading…

Trending stories from over 100 sources, YouTube and Twitter
Our archive contains 22,562 news items. 486 articles added this week.