Tefen raises NIS 11m to fund cannabis activity

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Tefen is the latest in a series of Israeli cannabis companies to stock up on cash in anticipation of cannabis exports. In anticipation of cannabis exports from Israel, expected to begin at the end of the year, cannabis companies have been raising capital. Yesterday, Tefen Industrial Engineering and Management and Systems Analysis (TASE: TEFN) announced an NIS 11 million private placement of shares and warrants.

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