Live Breaking News & Updates on Alexander Rabinovitch
Stay updated with breaking news from Alexander rabinovitch. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
InterCure soars on merger deal with Canadian SPAC The deal values Israeli cannabis company InterCure at $300 million. InterCure (TASE: INCR), which holds 100% of the shares in cannabis company Canndoc, has announced an agreement for its merger into Subversive Real Estate Acquisition REIT LP, a SPAC (special purpose acquisition company) with $225 million cash. The SPAC is traded on the Canadian NEO Exchange, an exchange set up in 2014 for technology-rich Canadian companies. Several cannabis companies are also traded on this exchange. In response to the announcement, InterCure s share price rose 41% in Tel Aviv yesterday to give the company a market cap of NIS 660 million. ....