StickIt Technologies Inc. STKT, parent company of Israeli technology and cannabinoid company StickIt Ltd., the developer exclusivity and patent protected of "Cannabis Sticks" debuted on the Canadian Securities Exchange (CSE) on Friday.
The shares of the Tel Aviv, Israel-based company are trading on CSE under the ticker symbol "STKT."
"StickIt is a unique company in the cannabis industry, we are excited to become a public company listed on CSE and to share our products and our vision with our new investors," Eli Ben Haroosh, CEO of StickIt, said.
StickIt Ltd. was founded in 2019. The company developed a line of toothpick-sized products inserted into any cigarette to provide the smoker with a functional experience with CBD, CBG, HHC or other cannabinoids.
Read also: Why Israel Is A Global Leader In Cannabis
StickIt can be tucked into any smokable, including Hemp cigarettes, CBD cigarettes, tobacco cigarettes, pre-rolls, herb cigarettes, spice cigarettes and cannabis smokeballs.
The company's products come in a wide range of tastes and flavors, as the Stickit technology allows for adding terpenes to the finished products, which can be adjusted and produced with different concentrations of cannabinoids like CBD, THC and CBG according to local regulations.
StickIt operates from key facilities in Dalton, Northern Israel where facilities are central to the company's research, development and manufacturing operations.
What's Next
StickIt is currently in the process of developing another line of products for the nonsmokers' industry, including a unique cold drinking straw containing cannabinoids, a functional experience with CBD, CBG, and HHC for non-smoking users, and a hot drink shaker stick containing cannabinoids with a functional experience also containing CBD, CBG and HHC.
"We plan to be at the forefront of the technological development of the global cannabis industry," Ben Haroosh said.
Experts believe cannabis stocks have found their floor and are now poised for unprecedented growth.
Join Benzinga PotProfits. Our in-house canna stock expert, Michael Berger, is on a mission to uncover the most promising cannabis stocks poised for growth, even in a dull market. He leaves no bud unturned to bring you the juiciest potential double-digit opportunities!
Just this year, the PotProfits portfolio has seen smoking-hot gains like:
- 47.10% with $GTBIF
- 40.23% with $TCNNF
- 21.50% with $VFF
Photo: Courtesy of Tim Foster on Unsplash
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
The Benzinga Cannabis Capital Conference is coming to Florida
The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.
Get your tickets now on bzcannabis.com – Prices will increase very soon!