Rehovot, Israel – November 6, 2019 – Canonic, a wholly owned subsidiary of Evogene Ltd. (NASDAQ, TASE: EVGN) focused on the development of medical cannabis products, announces today the initiation of its cultivation and breeding program of cannabis varieties with unique genomic profiles for the development of medical cannabis products. The initiation of cannabis cultivation follows: (1) successfully importing widely genetically diverse cannabis lines originating from different territories, (2) establishment of cannabis dedicated R&D facilities, including greenhouses, a molecular lab and tissue culture rooms and (3) receipt of the required regulatory approvals from the Israeli Medical Cannabis Agency (IMCA).
Canonic achieved an important milestone with the import of a genetically diverse seed collection of cannabis lines originating from different territories. These seeds were specifically selected to be the foundation of Canonic’s advanced breeding program and product pipeline consisting of MetaYield – medical cannabis products with a stable increase of total plant active compounds, and Precise product line – medical cannabis with a stable increase of specific plant active compounds.
Canonic’s R&D facilities, of which Canonic today announces the completion of their establishment, are among the largest in Israel and include molecular labs, tissue culture rooms and 22 thousand sq. ft. of controlled greenhouses, integrating the latest technologies for climate control, daylight control, fertilization and irrigation. The company also established a quarantine greenhouse, which has allowed the initiation of cannabis cultivation immediately upon receiving imported cannabis seeds and provides improved flexibility and quality control.
The company has received the required regulatory approvals for both greenhouses and labs including Good Security Practice (GSP) approval and possession license for cannabis from the Israeli Medical Cannabis Agency (IMCA).
Canonic’s scientific approach for the development of cannabis products with unique genomic profiles is based on decoding the cannabis plant’s genome to overcome the current market challenges associated with these products. To achieve this goal, Canonic employs the use of Evogene’s unique technology developed over the past decade, the CPB platform, leveraging deep understanding of plant genomics, Big Data and artificial intelligence. The Company intends to use the genomic data of the new varieties imported to expand its genomic database and to be integrated in the CPB’s computational platforms in order to accelerate development efforts. For more information please see the updated company presentation at: