HQ: Tel Aviv
Founded: 2008, as Dynamic Applications Corp
OWC Pharma, through its subsidiary, One World Cannabis Ltd., does R&D and develops cannabis-based medical products for the treatment of multiple myeloma, psoriasis, chronic pain, fibromyalgia, post-traumatic stress disorder, and migraines.
The company consults to companies and government agencies on international medical cannabis protocols and regulations. It is developing a cannabis soluble tablet delivery system.
Market Cap: $29 mil
Enterprise Value: $19 mil
Multiple Myeloma is an incurable blood cancer that effects 30,000 new patients a year in the USA alone. If OWC can develop a new and effective treatment, it could have a big market.
Production: OWC is at a very early stage, and does not yet produce a drug for sale
Direct sales: none yet
Store networks: none yet
Vertically integrated: No
Horizontally diversified: possibly, down the road, if it develop multiple drugs
Financials: Weak (No revenue)
CEO: Mordechai Bignitz CPA
COO: Alon Sinai
CMO: Dr. Yehuda Baruch (medical officer)
CFO: Yossi Dagan
Chief Science Officer: Oron Yacoby-Zeevi
Current share price: $0.195
Price to Sales: N/A (no sales)
EV / revenue: N/A
In May 2018, it raised $5 million by selling convertible preferred stock to an institutional investor
The risks of investing in any cannabis company are currently high given the newness of the market. The risks of investing in this company are very high, since it does not yet have a product or any revenue or income.
This is a very early stage pharma company. While it may have a good market, multiple myeloma, there are many drugs currently prescribed for Multiple Myeloma. Many of these chemotherapies have bad side effects. The tests so far for OWC’s drug are successful, but very preliminary, and we do not yet see enough evidence that it will have a successful product to get excited and buy shares.
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