Cannabi-Tech Ltd., a Rehovot, Israel-based medical cannabis company, received an investment from Agrinnovation, an investment fund focused on agricultural inventions.
The amount of the deal was not disclosed.
The company will use the proceeds to fund its R&D activities and initial business development efforts.
Established in 2015 and based on research preformed in the laboratory of Prof. Oded Shoseyov (Co-Founder and Chief Scientific Officer) from The Hebrew University’s Robert H. Smith Faculty of Agriculture, Food and Environment, Cannabi-Tech is developing an accurate device for the non-destructive detection, analysis and automated sorting of individual medical cannabis flowers.
The company’s proprietary technology combines Near Infra-Red (NIR) spectrometry and imaging tools to provide a sensitive method to detect and quantify the active compounds of the cannabis plant and a spectral fingerprint for each flower.
The addition of a sorter will enable automated sorting of cannabis flowers by pre-set criteria suitable for mass production.
Dr. Guy Setton is the other co-founder and CEO of Cannabi-Tech.