CAN (ON): Company signs master grower for facility in Israel

Aura Health has signed Adrian Richelmi as a master grower, to build and operate HolyCanna’s 60,000 square foot greenhouse facility in Israel. Aura is a debt holder of HolyCanna that converts into 54% equity. 

"Adrian offers over 15 years of expertise in growing medical cannabis for both soilless soil and hydroponics projects," the team with the company explains. "His resume includes designing and building large scale production facilities along with extensive knowledge of industry standards and best construction practices. Adrian graduated from George Brown College with honors, specializing in architecture and design."

Daniel Cohen, CEO of Aura, added, “We welcome Adrian to our team to help with the next stage of building Aura’s vertical integration between Israel and Germany. In a very tight market for medical cannabis around the world, we are fortunate to have partnered with someone of Adrian’s caliber and expertise.”

According to the company, under the terms of the engagement, Mr. Richelmi has been retained for a 24-month term and will receive 600,000 common share purchase options of the Company (the “Options”), at an exercise price of $0.22. 475,000 Options are to vest immediately with the balance to vest upon certain milestones reached. The Options shall expire May 28, 2021.

For more information:
Aura Health
 77 King Street West, Suite 2905, Toronto, ON M5K 1H1  

Publication date:

Receive the daily newsletter in your email for free | Click here

Other news in this sector:

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber