Welcome to our dedicated page for Intercure Ltd. news (Ticker: INCR), a resource for investors and traders seeking the latest updates and insights on Intercure Ltd. stock.
Intercure Ltd (INCR) delivers pharmaceutical-grade medical cannabis through its vertically integrated operations, maintaining GMP certification across production facilities. This news hub provides investors and healthcare professionals with essential updates on regulatory developments, research advancements, and strategic partnerships.
Access timely announcements about cultivation innovations, international distribution expansions, and compliance milestones. Our curated collection features earnings reports, product approvals, and biomed research breakthroughs that shape the medical cannabis sector.
Key updates include manufacturing process enhancements, new market entries, and collaborations with healthcare institutions. Bookmark this page for structured access to operational developments and quality assurance initiatives that maintain Intercure's position as a global cannabis industry leader.
InterCure (NASDAQ: INCR), also known as Canndoc, announced participation in two investor conferences in May 2022. The conferences are:
- Canaccord Genuity 6th Annual Cannabis Conference on May 11, 2022
- Cowen 2nd Annual European Cannabis Conference on May 12, 2022
Management will engage in one-on-one meetings at these events. InterCure is recognized as the leading and fastest-growing cannabis company outside North America, with Canndoc being Israel's largest licensed cannabis producer.
InterCure (NASDAQ: INCR) has announced that its CEO, Alexander Rabinovitch, will participate in the Alliance Global Partners Spring Consumer Cannabis Conference on May 3, 2022. As a leading cannabis company outside North America, InterCure, through its wholly owned subsidiary Canndoc, is Israel's largest licensed cannabis producer. The company focuses on manufacturing pharmaceutical-grade medical cannabis products and utilizes a high-margin, vertically integrated model, positioning it as a significant player in the global cannabis market.
InterCure reported strong financial results for Q4 2021 with record revenue of $33 million, a 29% sequential growth, and annual revenue of $89 million, marking a 230% increase year-over-year. Adjusted EBITDA reached $9 million, reflecting a 140% rise from the previous year. The company maintains a solid balance sheet with $89 million in cash. Positive developments include the expansion into Europe, signing a definitive agreement to acquire Better, and a partnership with Charlotte's Web targeting the new CBD market. InterCure continues to capture approximately 30% of Israel’s medical cannabis market.
InterCure (NASDAQ: INCR) announced a delay in publishing its audited financial statements due to minor technical audit matters. The Company expects the audited results to align with previously announced preliminary results. These statements are to be made available on SEDAR before trading closes on TSX on April 5, 2022. InterCure, operating Canndoc, is the largest licensed cannabis producer in Israel and is recognized for its GMP-certified medical cannabis products.
InterCure reported strong financial results for the fourth quarter and fiscal year 2021, achieving record revenues of $33 million and $89 million respectively, representing year-over-year growth of almost 200% and over 230%. The Adjusted EBITDA also showed significant progress with $9 million in Q4 and $23 million for the year, reflecting increases of 140% and 250% YoY. The company maintained a solid cash position of $89 million and experienced six consecutive quarters of positive cash flow, with expectations of continued revenue growth into 2022.
InterCure (NASDAQ: INCR) will release its fourth quarter fiscal 2021 financial results on April 4, 2022, before market open. The company, recognized as Israel's largest licensed cannabis producer through its subsidiary Canndoc, is the fastest-growing cannabis firm outside North America. InterCure will host a live conference call and webcast at 8:30 am ET the same day to discuss these results, with details available via their website. This announcement highlights InterCure's ongoing growth and leadership in the cannabis market.
InterCure Ltd (NASDAQ: INCR) announced the release of its fourth quarter 2021 financial results on March 31, 2022, with a subsequent webcast scheduled for April 4, 2022, at 8:30 a.m. ET. The company, a leading cannabis producer in Israel, highlights its growth strategy and recent milestones. InterCure operates through its subsidiary, Canndoc, which is the largest licensed cannabis producer in Israel. The company emphasizes its high-margin, vertically integrated model and market-leading distribution network.
InterCure and Clever Leaves have formed a multi-year agreement to cultivate, market, and distribute pharmaceutical-grade medical cannabis across the EU, Australia, and Israel. InterCure will utilize Clever Leaves’ high-THC cannabis flowers to expand its product offerings in various medical markets, particularly in Israel. This partnership aims to leverage both companies' strengths in distribution and product development, enhancing their international reach and compliance with local regulations. The collaboration highlights a commitment to quality and patient needs in the medical cannabis sector.
InterCure Ltd (NASDAQ: INCR) announced that its CEO, Alexander Rabinovitch, will participate in the ROTH Capital’s 34th Annual Conference on March 15, 2022. He will engage in a One-on-One Fireside Chat at 9:30 AM PT. InterCure, operating under the brand Canndoc, is a leading cannabis company outside North America and Israel’s largest licensed cannabis producer. The company focuses on GMP-certified, pharmaceutical-grade medical cannabis products and utilizes a vertically integrated 'seed-to-sale' model and strong international partnerships.
