- Business
- Tikun Olam-Cannbit Pharmaceuticals Ltd is a pharmaceutical company specializing in the research, development, cultivation, production, marketing, storage, distribution, export, and sale of cannabis-based medical products. The company provides a broad portfolio of medical cannabis products targeting relief and treatment across numerous medical indications such as cancer, PTSD, epilepsy, Crohn's disease, multiple sclerosis, cerebral palsy, and chronic pain. Core offerings include proprietary cannabis strains developed through extensive genetic R&D, advanced cultivation methods yielding approximately 9 tonnes annually, and innovative dosing techniques supported by over 35 clinical and preclinical studies. Tikun Olam-Cannbit also offers patient training, counseling, and care services through its integrated ecosystem that spans from cultivation farms to direct delivery with personalized treatment regimens. The company operates primarily in Israel, with a production facility in the northern region and cultivation farms near the Dead Sea, and serves global markets including Europe, benefiting from recent EU-GMP certification that facilitates production and export of medical cannabis products internationally. Founded in 2006 and headquartered in Nof HaGalil, Israel, Tikun Olam was acquired by Cannbit Pharmaceuticals in 2019, expanding its operational and research capabilities. Recent major developments include securing EU-GMP certification in 2025 to advance international market expansion, establishing strategic partnerships such as the supply agreement with SciSparc for CBD-rich oil use in neurological treatments, and ongoing clinical trials supporting novel product innovations and formulations. The company is positioned to grow within key markets including Israel, the US, and Europe, leveraging its legacy of scientific research, robust clinical data, and integrated care approach to meet evolving medical cannabis demands worldwide. Tikun Olam-Cannbit Pharmaceuticals Ltd remains focused on sustainable growth through global production agreements and the continuous enhancement of products aimed at improving patients’ quality of life using clinically supported cannabis therapies.