iCAN: Israel-Cannabis, a leading Israeli cannabis incubator and Headquarters (HQ), a Los Angeles-based product accelerator and cannabis license holder, announced last week that they have formed a strategic partnership to identify cutting-edge Israeli cannabis companies and products and provide them with access to the California market, as well as sales, distribution, and marketing support.
“California is the capital of cannabis innovation in the United States. Not only is the state America’s most lucrative cannabis market, with over $2 billion in sales a year and growing, it is the global industry trendsetter,” said Saul Kaye, CEO and founder of iCAN. “We are thrilled to partner with the experienced and forward-thinking team at the HQ product accelerator and bring Israel’s renown advanced cannabis technology and solutions to California.”
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Kaye, who is a licensed pharmacist with 25 years of experience and an industry advisor to the medical cannabis caucus of the Knesset, founded iCAN in 2015 in order to promote greater access to medical cannabis and change the cannabis conversation, while showcasing Israel’s unique contributions to the field.
iCAN has established the world’s leading cannabis summit, CannaTech, an industry event, happening in various locations throughout the year, that brings together the biggest names in cannabis to present significant and groundbreaking contributions to the global market.
“We’re excited to be partnering with iCAN to build a cannabis bridge between Israel and California. iCAN has developed a world-class ecosystem of cannabis companies and is at the very center of all the amazing developments in the Israeli cannabis industry,” said Daniel Abrahami, CEO & co-founder of HQ. “Together, iCAN and HQ will introduce the very best of these cannabis innovations to California.”
HQ’s accelerator is a six-month program that takes businesses from the idea phase to in-store pilot to ensure an efficient and cost-effective entrance into the California market. The accelerator also has distribution and manufacturing facilities.