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One of the most famous self-made billionaires in the world now owns a whopping 48 million shares, an increase of around 18 million shares since the IPO, via one of the investment companies she controls!
- For good reason, I think, because the company is well on the way to enriching the medical world with their innovative research!
InnoCan Pharma* (NASDAQ:RNP) (NASDAQ:RNF) appears to be able to continue to count on the support of Ruth Parasol, one of the world's richest self-made billionaires with an estimated fortune of $2 billion. Working capital is essential for biotech startups like InnoCan Pharma* (NYSE:INNOCAN) to keep research moving forward as quickly as possible. That's why I attach the utmost importance to this news:
INNOCAN PHARMA RECEIVED PROCEEDS OF CAD $8.2M FROM THE EXERCISE OF WARRANTS SINCE JANUARY 1, 2021
InnoCan Pharma* (NASDAQ:INNOCAN) announces that it has completed the conversion of stock options since the beginning of the year (Warrants) in shares totaling $8.2 million. It's also worth noting that in the course of the transaction, billionaire Ruth Parasol-controlled Tamar InnoVest Limited, InnoCan Pharma*'s (NYSE:INNO) (NASDAQ:INNO) (NASDAQ:GOOG) has increased its position.
NEWS CONCLUSION:
Ruth Monicka Parasol (born February 27, 1967) is an American entrepreneur and attorney who founded PartyGaming in 1997. The company merged with Bwin Interactive in 2010 to form Bwin.Party Digital Entertainment, then the world's largest publicly traded online gaming company. Parasol is the largest single shareholder of Bwin.Party Digital Entertainment. In 2010, The Economist ranked her the 15th richest self-made woman in the world.
Since the incorporation of InnoCan Pharma* (NYSE: InnoCan Pharma*) she has invested on and off with Tamar InnoVest Limited (then Solsken Ltd.) and successively increased her position and now owns around 48 million shares or 23% of the company. Hardly any other startup can rely on the continued support from such a prominent side. Tamar InnoVest Limited has not sold a single share since the beginning.
Source: sedi.ca
Ms. Parasol has had a keen eye for investments in the past, and it's becoming increasingly apparent that she also has a golden touch at InnoCan Pharma* (NYSE:InnoCan Pharma*).
INNOCAN PHARMA CORP.*
WKN: A2PSPW CSE: INNO
Cool thing: With an account at Smartbroker you can buy this share from 0 euros act. - Changing brokers often pays off!!
BLUECHIP-POWER
The management and the scientific advisory board of this company are of a higher caliber than you would expect from a penny stock:
Example Prof. Barenholz: This is one of the most successful and probably also most famous scientists in Israel, Prof. Chezy Barenholz, who received the "Israeli Nobel Prize", the so-called EMET Prize, for his work in 2020.
The EMET Prize, known as "Israel's Nobel Prize", which is awarded for outstanding academic and professional achievements that have had far-reaching impact and made a significant contribution to Israeli society, announced its 2020 winners in five categories: Culture and Arts, Exact Sciences, Life Sciences, Social Sciences and Humanities.
The InnoCan Pharma* (NASDAQ: PHARM) crew, which could make even many blue-chip companies green with envy, has paved the way for some biotech innovations that could make it possible to solve urgent medical problems like Covid-19 , epilepsy or Alzheimer's easily treatable and perhaps even curable.
The general public is now also becoming aware of the InnoCan Pharma (WKN: A2PSPW) stock. Alex Newman names InnoCan in the same breath as Gilead Sciences (NASDAQ GILD) and CRIPR Therapeutics (NASDAQ: CRSP):
3 biotech stocks to watch: investing.com
LPT: WITH INJECTABLE CBD AGAINST EPILEPSY:
Innocan achieves major milestone in developing its unique CBD-loaded liposome platform technology for injectable CBD.
InnoCan Pharma* (NASDAQ:INNO) announced that an animal study in mice showed prolonged release of cannabidiol ("CBD") into the blood for at least three weeks after administration. This study was conducted by the Hebrew University of Jerusalem, Israel.
The study, led by Dr. Ahuva Cern, senior researcher in the laboratory of Prof. Barenholz, was performed on over 35 mice in laboratories at the Hebrew University of Jerusalem. 21 days after injection, significant amounts of CBD were still found in the blood of mice treated with a single injection of liposomal CBD. In the second animal experiment it was even 50 days.
Cern, Bincovich, Barenholz
These results are significant when comparing oral versus smoking administration of CBD, where CBD was only found in the blood of mice for a period of up to 36 hours after administration.
Approximately 50 million people worldwide suffer from epilepsy, making it one of the most common neurological disorders worldwide. GW Pharma (NASDAQ: GWPH - market value $3 billion) is the best-known company in the CBD pharmaceutical sector and already has an approved drug (Epidyolex®) for Lennox-Gastaut syndrome and Dravet syndrome, two forms of childhood epilepsy that are difficult to treat. The drug must be taken twice a day.
CLX: CBD-LOADED EXOSOMES AGAINST COVID-19?
This news brought the company InnoCan Pharma* (WKN: A2PSPW) into the focus of investors:
InnoCan Pharma Collaborates with Tel Aviv University to Develop a New Revolutionary Approach to Treat the COVID-19 Corona Virus with Exosomes-Loaded CBD
InnoCan Pharma* (WKN: A2PSPW) wants to test a treatment method against Covid-19 together with Tel Aviv University. To do this, exosomes (particles that form during the formation of stem cells) are "loaded" with CBD molecules (from the cannabis plant). Exosomes have the proven ability to find damaged cells in the body and initiate a repair process. Not only does CBD have the property of being anti-inflammatory, it can also (according to the latest research) block the "gate" through which the virus enters a cell. The innovative combination is to be introduced into the lungs attacked by Covid-19 by inhalation and, in the best case, heal them.
There is ample evidence that stem cell or exosome therapy could be the key to fighting Covid-19 disease. A landmark clinical study from Christ Hospitals in Jersey City, New Jersey, USA, has been published entitled "Bone marrow mesenchymal stem cell exosomes for the treatment of severe COVID-19" (https://pubmed.ncbi.nlm).nih.gov /32380908/).
The virus is here to stay. Vaccination will bring relief, but people will still get sick with Covid-19. An effective therapy against the so-called cytokine storm caused by the virus, which can then cause lung failure (also in other infectious lung diseases), is now the top priority of the researchers. The company recently took a huge step forward in InnoCan Pharma's promising research approach to load exosomes with CBD molecules: Innocan Pharma Successfully Completes Large Scale Production of Exosomes
With CBD AGAINST MUSCLE SONERSHIP + CBD BEAUTY PRODUCTS
InnoCan Pharma* (NYSE:InnoCan Pharma*) recently announced that 95% of testers using the Relief & Go OTC Pain Relief Spray Experience Pain Reduction (News).
Pain is the unfortunate rule in competitive sports due to the constant overstraining of joints, tendons and muscles. The patent-pending anti-pain spray tackles the problem from three sides. The combination of three active ingredients, menthol, magnesium and CBD, should make a very effective treatment possible. It should be noted that magnesium is normally only taken orally, but thanks to the patented formula it can go directly through the skin to the area of action.
InnoCan Pharma* (NYSE:InnoCan) also recently reported that its SHIR premium CBD facial serum reduced wrinkles by 90% after four weeks of treatment in a clinical study (News).
CONCLUSION:
Of course, in the short term, the main focus of investors was on the Covid-19 research. Due to its topicality, this naturally had a very broad impact. As a result, InnoCan Pharma* (NASDAQ:MMP) reached an investor audience that might have overlooked this stock at first glance. With the high-profile management directing the company's development, it should be able to put the future products and developments in perspective as well, making it highly likely that InnoCan Pharma* (NYSE:INNOCAN) could quickly develop a large following .
If you look at the price development of InnoCan over the last few months, you will see a winning share! In my opinion, this should continue in 2021.
You can find the original article HERE!
Helmut Pollinger
*Please note the following information on the conflicts of interest definitely existing at bullVestor with regard to this publication as well as our risk information and our disclaimer
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