InterCure Announces Preliminary Estimated 2023 Revenue of NIS 351 million and EBITDA of over NIS 50 million
Intercure Ltd. (INCR)
US:NASDAQ Investor Relations:
investor.incresearch.com/investors
Company Research
Source: Business Wire
Revenues for H2 2023 were affected by damages caused by the terrorist attack on October 7, 2023 and the war in Gaza. However, InterCure it is entitled to full compensation from the Israeli authorities for all direct and indirect damages caused. To date, InterCure has already received tens of millions of shekels as partial advanced payments from the Israeli authorities.H2 2023’s estimated EBITDA1 to reach over NIS 20 million and over 14% of revenues.Both Q3&Q4 ended with positive EBITDAs and profit from operations and represents InterCure’s fourteenth & fifteenth consecutive quarter of profitability2.Expects to launch its first products in Germany in the coming months and continues to closely watch developments surrounding Cannabis rescheduling in the U.S.Expects sequential double digit quarterly growth during 2024. NEW YORK & HERZLIYA, Israel--(BUSINESS WIRE)--InterCure Ltd. (NASDAQ: INCR) (TASE: INCR) ("InterCure" or the “Company”) today announced preliminary results for the full
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News
- InterCure Announces Preliminary Estimated 2023 Revenue of NIS 351 million and EBITDA of over NIS 50 million [Yahoo! Finance]Yahoo! Finance
- InterCure Congratulates Germany on Cannabis Reform, Expanding its Global FootprintBusiness Wire
- InterCure Provides an Update Regarding Nir Oz FacilityGlobeNewswire
- InterCure Signs Definitive Agreement to Acquire Leon Cannabis Pharmacy ChainGlobeNewswire
INCR
Sec Filings
- 4/1/24 - Form 6-K
- 2/13/24 - Form 6-K
- 2/13/24 - Form 6-K
- INCR's page on the SEC website