ARK invests $8m in Israeli cannabis co InterCure ARK's Israeli ETF bought a 2.4% stake in InterCure, which is worth NIS 775 million. ARK Exchange Traded Funds (ETF) has invested $8 million in Israeli cannabis company InterCure (TASE: INCR). This is part of ARK's recent spending spree on Israeli companies after setting up an Israeli ETF. InterCure is set to merge with a SPAC (special purpose acquisition company) on the Canadian stock exchange, and ARK now has a 2.4% stake in InterCure worth NIS 775 million. ARK bought the shares at NIS 6.46, similar to today's price. RELATED ARTICLES InterCure is the only cannabis company in ARK's Israeli ETF and other companies are Gilat Satellite Networks Ltd. (Nasdaq: GILT; TASE: GILT), ad-tech company Perion Network Inc. (Nasdaq:PERI: TASE:PERI), immunotherapy drug developer Enlivex Therapeutics (Nasdaq: ENLV), computational biology company Evogene Ltd. (TASE:EVGN), stem cell treatment company Gamida Cell Ltd. (Nasdaq: GMDA) and drug developer Polypid (Nasdaq: PYPD).