Intercure (INCR)
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InterCure Ltd. is an Israel-based company focused primarily on the medical cannabis market. Through its Canndoc business and related brands, the company cultivates, manufactures, imports, distributes, and sells pharmaceutical-grade cannabis products intended for patients in regulated medical-use frameworks. Its portfolio includes dried cannabis flower and oil-based formulations, with products marketed under names such as Canndoc, Pharmocann, Binske, Humboldt, Space Labs, Utopia, and other labels.
The company operates in a sector that sits between healthcare, agriculture, consumer brands, and regulated pharmaceuticals. InterCure’s cannabis activities cover several parts of the supply chain, including cultivation facilities, processing, quality control, and distribution channels. This integrated model is designed to support consistent product standards and availability in a market where medical patients and prescribing physicians place importance on reliability, strain profile, and regulatory compliance.
InterCure has also historically reported activities connected with investments in biomed portfolio companies, but its revenue base is mainly linked to medical cannabis. The company’s commercial prospects depend on patient demand, product mix, pricing, cultivation yields, import and export rules, and the pace at which medical cannabis regulations evolve in Israel and other target markets.
For investors, INCR represents exposure to a specialised cannabis operator rather than a broad pharmaceutical company. The business is shaped by the opportunities and constraints of a young regulated industry: brand recognition and distribution can be valuable, but growth is sensitive to legislation, licensing, competition, and changes in reimbursement or prescribing practices. InterCure’s distinguishing feature is its focus on medical-grade cannabis products within a controlled healthcare-oriented framework.
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InterCure Receives Nasdaq Notification Regarding Minimum Bid Requirement
InterCure Announces Preliminary Estimated 2025 Revenue of NIS 265 Million, Positive Adjusted EBITDA and Cash of NIS 43 Million
InterCure Announces First Half of 2024 Results: Revenue of NIS 126 million and Adjusted EBITDA of NIS 21 million
InterCure Provides an Update Regarding Nir Oz Facility
InterCure Signs Definitive Agreement to Acquire Leon Cannabis Pharmacy Chain
InterCure Wins Cannolam Arbitration Proceeding
InterCure Provides an Update Regarding the Security Situation in Israel
InterCure Announces Record Revenues First Half of 2023 with over 14% growth YOY
InterCure Ltd. Announces Proposed Voluntary Delisting from the Toronto Stock Exchange and shall continue to be listed on the NASDAQ and TASE
InterCure Provides an Update About The Lawsuit it Filed Against Cann Pharmaceuticals to Recover Funds Following Failed Merger
InterCure to Participate in the Cowen 3rd Annual European Cannabis Conference
InterCure Announces Record Breaking First Quarter Revenues with 22% growth YOY
InterCure to Be Featured with Mike Tyson in an Exclusive Interview on Fox Business
InterCure Informs That A Lawsuit Was Filed Against the Company by Minority Shareholders of Its Subsidiary
InterCure Informs That An Application To Approve a Class Action Against 26 Cannabis Companies in Israel, Including InterCure, Was Filed to The Court In Israel
InterCure Ltd. Partners with TYSON 2.0 in Israel, Australia, United Kingdom, Germany and Other EU Countries
InterCure Reschedules 2022 Full Year Results Conference Call
InterCure Announces Record Fourth Quarter and Fiscal Year End 2022 Results
InterCure to Participate in Cowen 5th Annual Cannabis Conference
InterCure Announces the Withdrawal of a Class Action Lawsuit against it
Income Statement
| Line Item | 2025 Q4 | 2024 Q4 | 2023 Q4 | 2022 Q4 | 2021 Q4 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| EBITDA | 0 | 0 | 0 | 0 | 0 |
| Net income | — | — | — | — | — |
| Basic EPS | — | — | — | — | — |
| Diluted EPS | — | — | — | — | — |
Balance Sheet
| Line Item | 2025 Q4 | 2024 Q4 | 2023 Q4 | 2022 Q4 | 2021 Q4 |
|---|---|---|---|---|---|
| Total assets | 690.55M | 762.57M | 786.61M | 958.01M | 696.55M |
| Total liabilities | 294.2M | 364.9M | 329.55M | 436.53M | 227.13M |
| Total equity | 396.36M | 397.67M | 457.06M | 521.48M | 469.41M |
| Cash & equivalents | 46.47M | 78.32M | 101.14M | 232.59M | 196.22M |
| Current assets | 314.71M | 390.49M | 409.14M | 513.59M | 315.08M |
| Current liabilities | 214.37M | 226.75M | 225.87M | 312.72M | 193.59M |
Cash Flow
| Line Item | 2025 Q4 | 2024 Q4 | 2023 Q4 | 2022 Q4 | 2021 Q4 |
|---|---|---|---|---|---|
| Operating cash flow | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — |
| Financing cash flow | — | — | — | — | — |
| Change in cash | — | — | — | — | — |
| Kind | Filing | Date | Link |
|---|---|---|---|
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 3 — Intercure Ltd. | View Filing | |
| edgar index | 3 — Intercure Ltd. | View Filing | |
| edgar index | 3 — Intercure Ltd. | View Filing | |
| form 3 | Form 3 — Rabinovich Alexander | View Filing | |
| form 3 | Form 3 — Rabinovich Alexander | View Filing | |
| form 3 | Form 3 — Rabinovich Alexander | View Filing | |
| form 3 | Form 3 — Rabinovich Alexander | View Filing | |
| form 3 | Form 3 — Rabinovich Alexander | View Filing | |
| form 3 | Form 3 — Rabinovich Alexander | View Filing | |
| form 3 | Form 3 — Granot Alon Shmuel | View Filing | |
| form 3 | Form 3 — Michelson Lennie Grinbaum | View Filing | |
| form 3 | Form 3 — Michelson Lennie Grinbaum | View Filing | |
| form 3 | Form 3 — Michelson Lennie Grinbaum | View Filing | |
| edgar index | 3 — Intercure Ltd. | View Filing | |
| edgar index | 3 — Intercure Ltd. | View Filing | |
| edgar index | 3 — Intercure Ltd. | View Filing | |
| form 3 | Form 3 — Hirschfeld Gideon | View Filing | |
| form 3 | Form 3 — Hirschfeld Gideon | View Filing | |
| form 3 | Form 3 — Salton David | View Filing | |
| form 3 | Form 3 — Salton David | View Filing | |
| form 3 | Form 3 — Cohen Amos | View Filing | |
| form 3 | Form 3 — Cohen Amos | View Filing | |
| form 3 | Form 3 — Cohen Amos | View Filing | |
| form 3 | Form 3 — Cohen Amos | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | SCHEDULE 13D — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | UPLOAD — Intercure Ltd. | View Filing | |
| edgar index | CORRESP — Intercure Ltd. | View Filing | |
| edgar index | UPLOAD — Intercure Ltd. | View Filing | |
| edgar index | NT 20-F — Intercure Ltd. | View Filing | |
| edgar index | 20-F — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 6-K/A — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 6-K/A — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | NT 20-F — Intercure Ltd. | View Filing | |
| edgar index | 20-F — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 20-F — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing | |
| edgar index | 6-K — Intercure Ltd. | View Filing |