Business
Citrine Global Subsidiary Acquires 11,687 sqm of Industrial Land to Build its 5,500 sqm “Green Vision Center”
Citrine Global Subsidiary Acquires 11,687 sqm of Industrial Land to Build its 5,500 sqm “Green Vision Center”.
About this update from Citrine Global Corp.
[{"type":"text","content":"\n Green Vision Center is a unique platform of a production and innovation center focused on botanical solutions such as medicinal herbal plants, medical cannabis, medicinal mushrooms and other natural wellness and pharma solutions intended to improve the quality of life of people around the world.From the land acquisition cost, ~90% is provided as part of Israeli government programs that encourage industrial development and include additional grants and tax incentives.Green Vision Center, designed by Mr. Avner Sher, one of Israel’s most respected architects and artists, has a recognizable leaf shape that the Company intends to make an internationally recognizable brand.The Center is to be built in accordance with ecological green principles of saving energy, including the use of solar panels, and more. Tel Aviv, Feb. 10, 2022 (GLOBE NEWSWIRE) -- Citrine Global Corp.’s (OTCQB: CTGL) subsidiary, Cannovation Center Israel Ltd. (Cannovation), is pleased to announce that it has acquired 11,687 sqm of industrial land in the town of Yeruham in Southern Israel. From the land acquisition cost, ~90% is provided as part of Israeli government programs that encourage industrial development and include additional grants and tax incentives. The company decided to call the production and innovation platform Green Vision Center. The strategic acquisition aligns with the company’s strategy of developing wellness and pharma solutions and products, focusing on botanical solutions such as medicinal herbal plants, medical cannabis, medicinal mushrooms, and other natural solutions. The Green Vision Center is to be built as a production & innovation center creating a wellness and pharma ecosystem that includes facilities and equipment for manufacturing, laboratories, pharmacological research, product development, clean rooms, logistics, import and export, distribution, professional consultants, and an International Visitor Complex that will include a training center, a conference center, a care center clinic, coffee shops, and a museum. Our mission is to become a leading worldwide production & innovation ecosystem and research center dedicated to promoting production as well as scientific research and commercial collaboration amongst emerging technologies, and market leaders and companies, from Israel and around the world. Th...