Israeli medical cannabis company InterCure Ltd. (NASDAQ: INCR; TSX: INCR; TASE: INCR) traded on the Nasdaq Stock Exchange today after completing its merger with Canadian developer SPAC to purchase disruptive real estate REIT LP. InterCure, led by its Chairman and former Israeli Prime Minister Ehud Barak, and CEO Alexander Rabinovich, has a market capitalization of $273.2 million. The stock price is up 60% over the past year but is still 65% lower than its peak two years ago. Barak holds arrest warrants worth 18 million shekels. Related Articles InterCure teams with Austrian partners to market cannabis products InterCure is flying on a merger deal with Canndoc’s Canadian cannabis company SPAC Barak considering a merger with Cellect Bio He said: “The company is well positioned to continue achieving its vision to lead the international cannabis market and capitalize on anticipated regulatory changes.” As more countries realize the medicinal benefits of the cannabis plant. Listing on one of the world’s leading stock exchanges will increase our reach to both individual and institutional investors. This will ensure that we can further accelerate our business operations, improve the quality of life for patients around the world and create value for the company. and its shareholders. Rabinovich added, “InterCure is the world’s fastest growing and profitable cannabis company outside of North America, and we are proud to be listed on Nasdaq. This achievement will ensure InterCure is able to develop relationships with the investment community and expand our shareholder base.” InterCure, which owns 100% of the Canndoc shares, is Israel’s largest licensed producer of medical cannabis and was one of the first companies to offer Good Manufacturing Practices (GMP) certified medical cannabis products and pharmaceuticals. InterCure will leverage its distribution network, international partnerships, and a vertically integrated, high-margin “seed-to-sale” model to drive further growth through global expansion. Published by Globes, Israel business news – en.globes.co.il – September 1, 2021 Copyright Globes Publisher Itonut (1983) Ltd. 2021
Ehud Barak’s InterCure List on NASDAQ
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