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BreedIT Begins Submitting Proprietary Strains to Israeli Regulators

Ryan Allway

December 2nd, 2014

News, Top News

[stockchart symbol=BRDT]

BreedIT Corp. [stockquote symbol=BRDT], distributor of highly sophisticated agro-breeding software for plant breeders and researchers, recently announced that its joint venture, KanaboSeed Ltd., has submitted applications for the registration of two new cannabis strains to the Israeli Ministry of Agriculture & Rural Development Plant Breeders’ Rights Council to secure their rights to the strains.

Also See: BreedIT Corp: The Money is in the Seeds

“We formed KanaboSeed to leverage the horticulture experience of Seach Ltd., a licensed Israeli medical cannabis grower, with the technical and research capabilities of BreedIT Lt., as well as our iBreedIT software platform,” said BreedIT Ltd. CEO Dr. Oded Sagee. “Working together, we are able to develop and evaluate new strains relatively quickly, thereby reducing the timeline to market.”

KanaboSeed’s submissions are characterized by phenotypic and genotypic traits that yield specific CBD-to-THC ratios identified by BreedIT’s Scientific Advisory Board as likely to be effective in the management of specific medical conditions. The review process includes a 90-day period for public discourse as well as two harvest seasons to verify the viability and variability of the plants.

Once approved, the company will be granted a registration – similar to patents in the U.S. – for the strains, which will prevent unauthorized propagation of the plant strains, as well as use of any harvested material, including entire plants and parts of plants and any material produced directly out of harvested materials. These rights could pave the way to licensing opportunities over the coming years.

“This is an important milestone for KanaboSeed,” said KanaboSeed Manager of R&D Shay Avraham Sarid. “The BreedIT team contributes significant value to our development efforts, most notably the ability to streamline the breeding process. In addition to saving time, we are also developing new varieties more cost-effectively. Together, we are building a product pipeline that will provide numerous opportunities for revenue growth going forward.”

Shares of BreedIT Corp. jumped nearly 4% in early trading on Tuesday, December 2, 2014 following the news release.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

Disclaimer: Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.

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CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

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