Isracann Advances Cannabis Project Characterization in Israel

--Early reports already impacting decisions resulting
in projected process efficiencies and cost savings

VANCOUVER, British Columbia, Dec. 05, 2019 (GLOBE NEWSWIRE) -- Isracann Biosciences Inc.  (CSE: IPOT) (XFRA: A2PT0E) (OTC: ISCNF) (the “Company”) an Israel-based company focused on becoming a premier low cost, high quality cannabis producer for both domestic and European export sales, is pleased to announce it has received a phase 1 project profile report and has been advised that the project characterization project is fully underway and moving ahead on schedule.

As previously announced, Isracann engaged the services of LinC by Growing Smart Ltd., an international agricultural management company with extensive experience and expertise within the cannabis sector in Israel. The firm specializes in the delivery of individually tailored project management and agronomic solutions to select cannabis sector projects and is currently managing 12 cannabis projects worldwide.

Company CEO Darryl Jones notes, “We’ve been advised that field studies are underway including soil, water, and atmospheric sampling. The team at LinC is extremely thorough and once we receive their detailed report, it will impact virtually every aspect of our initial development phase from construction and the correct orientation of our facilities, to electrical, plumbing, irrigation, sewage and waste treatment, humidity, UV concentrations as well as plant nutrition, disease and pest control management. Our facilities are custom designed to maximize productivity, and the project characterization is an integral step towards planned commercialization of ultra-low cost, high grade cannabis. We are united in our vision and have the utmost trust in the LinC team and are extremely excited by the steady progress already underway in Israel.”

Isracann will receive a phased end-to-end assessment of the project and the development of valuable information regarding details of the project execution plan and the assignment of resources to the project. Currently a detailed analysis, including internal and external environmental factors, is underway to provide key information in order to best allocate organizational resources and assign appropriate leadership. Production processes, available resources (e.g., experienced personnel and technical infrastructure) and organizational structure as well as imposed risks and outcomes are undergoing advanced study and review.