Medical Marijuana Hits Stock Market
"It's not every company that heralds its public debut with Moses Znaimer, the co-founder of CityTV, on one side and a bag of marijuana from the Canadian government on the other.But that's exactly how Cannasat Therapeutics Inc. did it yesterday. Cannasat bills itself as one of a handful of companies in the world that is researching and developing medicines derived from cannabis plants. Executives acknowledged at a media conference that the fledgling firm faces an uphill battle on many fronts — from the enormous cost and risk involved in developing new drugs to fighting a social stigma that conjures up images of police officers on pot busts pulling up rows of tall green plants and stoned teenagers getting "the munchies.""Does it give you a buzz?" a reporter asked at one point. "This is not about fun. It's about function," said a stern Znaimer, who serves as chairman of Cannasat's board of directors. "This is not marijuana that people come to because they're looking for a good time."
5/22/06
"Sweet Leaf"
Medical Marijuana Hits Stock Market
"It's not every company that heralds its public debut with Moses Znaimer, the co-founder of CityTV, on one side and a bag of marijuana from the Canadian government on the other.But that's exactly how Cannasat Therapeutics Inc. did it yesterday. Cannasat bills itself as one of a handful of companies in the world that is researching and developing medicines derived from cannabis plants. Executives acknowledged at a media conference that the fledgling firm faces an uphill battle on many fronts — from the enormous cost and risk involved in developing new drugs to fighting a social stigma that conjures up images of police officers on pot busts pulling up rows of tall green plants and stoned teenagers getting "the munchies.""Does it give you a buzz?" a reporter asked at one point. "This is not about fun. It's about function," said a stern Znaimer, who serves as chairman of Cannasat's board of directors. "This is not marijuana that people come to because they're looking for a good time."
