Citrine Global is currently trading as TechCare Corp. (TECR). Its name change to "Citrine Global Corp." is expected to take effect soon.
Tel Aviv, Israel, Aug. 17, 2020 (GLOBE NEWSWIRE) -- Citrine Global (OTCQB: TECR) reports the company's main business activities in Q2-Q3, 2020.
Citrine Global business activity is comprised of creating value and implementing expansion strategies for growth-stage technology companies, offering multi-strategy solutions combining strategic marketing, business development, real estate and asset management services and financing solutions. Such wide spectrum of services is targeted at helping create an integrated strategy that supports our client companies in achieving their local and global expansion ambitions.
Citrine Global plans to provide solutions to companies from USA, Canada, Europe, Israel, and around the world through subsidiaries and local teams and professionals in each region.
Citrine Global focuses, as its first step, on the Israeli market, via its fully-owned subsidiary
CTGL - Citrine Global Israel Ltd.
This focus comes as a result of the constraints imposed by COVID-19 and since the company’s management is based in Israel and already has a strong presence in the Israeli market.
CTGL – Citrine Global Israel Ltd. targets Israeli technology companies in the fields of Healthcare, Wellness, Food Tech and Medical Cannabis.
Understanding the great potential and challenges of the Medical Cannabis industry, Citrine Global has decided to utilize its expertise and network to take the lead and establish Cannovation - the Cannabis Innovation Center in Israel.
The Cannovation Center is planned to be a unique, all-in-one platform with factories for producing cannabis, hemp and CBD products, laboratories and a logistics, distribution and recycling center, for supporting the cannabis eco-system. The Cannovation Center is planned to provide solutions for companies in Israel and worldwide, leveraging Israel’s leadership in cannabis innovation and promoting the production and distribution of cannabis, hemp and CBD products for local and global markets.
The Cannovation Center is in the process of obtaining a government grant. The Israeli Government provides grants and subsidies specific to the cannabis industry as part of its strategy for boosting the economy through technological innovation.
Citrine Global Main Business Activities Video for Q2-Q3 2020
For inquiries and further information, please contact: info@citrine-global.com
Disclaimer: This communication does not constitute an offer to purchase or exchange or the solicitation of an offer to sell or exchange any securities of the Company.
This communication contains certain statements that are neither reported financial results nor other historical information and other statements concerning the Company.
These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, events, products and services and future performance. Forward-looking statements are generally identified by the words “will”, "expects", "anticipates", "believes", "intends", "estimates “, “target”, and similar expressions. These and other information and statements contained in this communication constitute forward-looking statements for purposes of applicable securities laws. Although management of the Company believes that the expectations reflected in the forward looking statements are reasonable, investors and security holders are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of the Company, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by the forward-looking information and statements, and the Company cannot guarantee future results, levels of activity, performance or achievements.
Factors that could cause actual results to differ materially from those estimated by the forward-looking statements contained in this communication include, but are not limited to: trends in target markets; effects of competition in the Company's main markets; ability to establish and maintain strategic relationships in its major businesses; profitability of the growth strategy; and changes in global, political, economic, business, competitive, market and regulatory forces. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of such forward-looking statements. The forward-looking statements contained in this communication speak only as of the date of this communication and the Company or its representatives are under no duty, and do not undertake, to update any of the forward-looking statements after this date to conform such statements to actual results, to reflect the occurrence of anticipated results or otherwise except as otherwise required by applicable law or regulations
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