On February 5th, Together Pharma Ltd. has completed the issuance of a new series of convertible bonds, in the amount of 25,129,000 NIS to be repaid to the investors within 2 years.
Together Pharma is a medical cannabis company engaged in breeding, growing, manufacturing and marketing medical cannabis products, and was the first medical cannabis company in the Israeli Capital Market to complete a bond issuance. The issuance was made according to a Shelf Offering Report and was accompanied by a trustee.
Ilan Gerzi, Nir Zohar and Hilla Shaanani from our Capital Markets team provides ongoing legal services to Together Pharma and was also involved in the issuance process.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.