StickIt Technologies Announces Leadership Changes and Board Expansion
Vancouver, British Columbia – July 10, 2026 – StickIt Technologies Inc. (STKT), the parent company of Israel‑based StickIt Ltd., has appointed Dr. Adi Zuloff‑Shani as its new Chief Executive Officer. The announcement also added two independent, non‑executive directors to the board: Mr. Gabriel Kabazo and Mr. Nir Eliyahu, with Mr. Kabazo taking on the role of Audit Committee Chair.
Leadership Appointments
Dr. Adi Zuloff‑Shani brings more than two decades of executive experience in global markets, having previously led operational teams in the pharmaceutical and nutraceutical sectors. Ohad David, Chair of the Board, highlighted her track record of driving operational excellence and sustainable growth as key factors in the decision.
Mr. Gabriel Kabazo is a chartered accountant with extensive background in corporate finance and audit, having served on the audit committees of several publicly traded firms. Mr. Nir Eliyahu offers deep expertise in international finance and capital markets, having advised multiple technology start‑ups on cross‑border financing structures.
Board Enhancements
The addition of Kabazo and Eliyahu is intended to strengthen the board’s oversight capabilities as StickIt expands its intellectual‑property portfolio and pursues new joint‑venture opportunities. Kabazo’s appointment as Audit Committee Chair signals a focus on rigorous financial controls and transparent reporting.
Technology Overview
StickIt’s core assets comprise a series of patents and patent applications covering plant extracts, therapeutic compounds delivered via smoking utensils, and honey‑based complexes. The company’s flagship product, the Extra‑C stick, is produced through a proprietary process that condenses cannabis oil into a toothpick‑sized matrix. This design allows consumers to convert a regular cigarette into a cannabis‑ or hemp‑filled product simply by inserting the stick.
To date, StickIt has secured granted patents in the United States, Europe, Israel, and Canada, protecting the unique formulation and manufacturing method.
Business Model and Operations
StickIt operates from research, development, and manufacturing facilities located in Dalton, Northern Israel. Rather than producing finished cannabis products directly, the company follows a joint‑venture model: it supplies the patented stick substrate and technical know‑how to local partners who hold licences to add cannabis or hemp content in jurisdictions where recreational use is permitted.
Each licensee invests in setting up a local production facility, pays an upfront setup fee, and receives exclusive rights to manufacture and market StickIt‑branded sticks within their designated territory. The licensee is responsible for the final product assembly, distribution, and sales, while StickIt retains ownership of the underlying technology and receives royalties based on volume.
Forward‑Looking Statements
The press release includes forward‑looking information concerning future financial performance, market expansion, and product development. As cautioned in the release, actual results may differ materially from these statements due to regulatory changes, market acceptance, and other risk factors. Readers are encouraged to review the company’s filings with Canadian securities authorities for a more detailed discussion of potential influences on outcomes.
For the original announcement, see the source link below.
