{"id":496201,"date":"2021-05-20T06:49:18","date_gmt":"2021-05-20T10:49:18","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/intercure-acquires-one-of-israels-leading-active-medical-cannabis-trade-houses-initiates-special-home-delivery-service-in-collaboration-with-ups\/"},"modified":"2021-05-20T06:49:18","modified_gmt":"2021-05-20T10:49:18","slug":"intercure-acquires-one-of-israels-leading-active-medical-cannabis-trade-houses-initiates-special-home-delivery-service-in-collaboration-with-ups","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/intercure-acquires-one-of-israels-leading-active-medical-cannabis-trade-houses-initiates-special-home-delivery-service-in-collaboration-with-ups\/","title":{"rendered":"InterCure Acquires One of Israel&#8217;s Leading Active Medical Cannabis Trade Houses &amp; Initiates Special Home Delivery Service  in Collaboration With UPS"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"center\">\n        <em>Acquisition of one of the <\/em><br \/>\n        <em>leading<\/em><br \/>\n        <em>active<\/em><br \/>\n        <em>, <\/em><br \/>\n        <em>IMCA approved trade houses in Israel expand<\/em><br \/>\n        <em>ing<\/em><br \/>\n        <em>InterCure&#8217;s<\/em><br \/>\n        <em>sales channel, <\/em><br \/>\n        <em>d<\/em><br \/>\n        <em>istribution<\/em><br \/>\n        <em>,<\/em><br \/>\n        <em>d<\/em><br \/>\n        <em>elivery<\/em><br \/>\n        <em> and <\/em><br \/>\n        <em>s<\/em><br \/>\n        <em>torage<\/em><br \/>\n        <em> capacity<\/em><br \/>\n        <em>.<\/em><br \/>\n        \n      <\/p>\n<p align=\"center\">\n        <em>As part of the acquisition, two additional pharmacies added <\/em><br \/>\n        <em>to <\/em><br \/>\n        <em>Intercure\u2019<\/em><br \/>\n        <em>s<\/em><br \/>\n        <em>leading medical focused, pharmacy chain<\/em>\n      <\/p>\n<p align=\"center\">\n        <em>Acquisition<\/em><br \/>\n        <em>expected<\/em><br \/>\n        <em> to be <\/em><br \/>\n        <em>accretive<\/em><br \/>\n        <em>from Q3 2021 <\/em><br \/>\n        <em>empowering<\/em><br \/>\n        <em>InterCure<\/em><br \/>\n        <em> to<\/em><br \/>\n        <em>further<\/em><br \/>\n        <em>boost growth and profits<\/em>\n      <\/p>\n<p align=\"center\">\n        <em>InterCure<\/em><br \/>\n        <em> initiated<\/em><br \/>\n        <em> a<\/em><br \/>\n        <em> special<\/em><br \/>\n        <em> medical cannabis<\/em><br \/>\n        <em> home<\/em><br \/>\n        <em> delivery <\/em><br \/>\n        <em>program<\/em><br \/>\n        <br \/>\n        <em>in collaboration<\/em><br \/>\n        <em> with UPS<\/em><br \/>\n        <em> &#8211; <\/em><br \/>\n        <em>supporting<\/em><br \/>\n        <em> Israel\u2019s <\/em><br \/>\n        <em>patient<\/em><br \/>\n        <em>s<\/em><br \/>\n        <em>&#8216;<\/em><br \/>\n        <em> community<\/em><br \/>\n        <em> solid demand<\/em>\n      <\/p>\n<p align=\"left\">TORONTO and HERZLIYA, Israel, May  20, 2021  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=hC-jop4xMbEHlxGFC5_OmUij2XgQZDGCzjeAaipJsUGDuxLzZ5by8Ouwg2-ARzCavrqeAkjSnEos7E6WYeiqOQ==\" rel=\"nofollow noopener\" target=\"_blank\">InterCure<\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=h20M27hA0Mo_MlyBQjd2qqq-uoUzKjkINT6XIFbow2XyY82uCU2WwTvcBVXPoIP1G6DxgZQSDU8UT4_f50bQqQ==\" rel=\"nofollow noopener\" target=\"_blank\"> Ltd<\/a>. (TSX: INCR:U, TASE: INCR)(dba Canndoc)(&#8220;InterCure&#8221; or the \u201cCompany\u201d) today announced that it signed a definitive agreement to acquire a licensed active medical cannabis trading house and two pharmacies.<\/p>\n<p align=\"left\">The trading house is approved by the Israeli Medical Cannabis Agency (IMCA) and is one of the leading operating trading houses in the country, authorized to distributing GMP medical cannabis products to pharmacies. As part of GMP regulations, medical cannabis products can dispense through IMCA approved pharmacies which supply their inventories only from authorized medical cannabis trade houses.<\/p>\n<p align=\"left\">As part of the acquisition, two pharmacies, located in central Israel added to Inter Cure\u2019s leading medical focused, pharmacy chain, expanding its footprint to 12 points of sale in key locations across Israel. This expansion positions the Company to meet the growing demand for medical cannabis products as the patient&#8217;s community continues to grow, currently averaging 4% per month<sup>1<\/sup>.<\/p>\n<p align=\"left\">The acquisition is expected to be accretive beginning from Q3 2021 supporting InterCure\u2019s vertically integrated model. The transaction is subject to regulatory approvals.<\/p>\n<p>In addition, as demand for medical cannabis products during the military conflict in Israel remains solid \u2013 the Company initiated a medical cannabis home delivery program in collaboration with UPS. For the first time, patients in Israel can order InterCure&#8217;s high-quality branded products directly to their home with same day delivery using UPS&#8217;s world renowned carrier service.<\/p>\n<p align=\"left\">\n        <strong>About <\/strong><br \/>\n        <strong>InterCure<\/strong><br \/>\n        <strong> (dba Canndoc)<\/strong>\n      <\/p>\n<p align=\"justify\">InterCure (dba Canndoc) (TSX:INCR.U, TASE:INCR) is the leading, fastest growing and the most profitable Israeli cannabis company. Canndoc, a wholly owned subsidiary of InterCure, is Israel\u2019s largest licensed cannabis producer and one of the first to offer Good Manufacturing Practices (GMP) certified and pharmaceutical-grade medical cannabis products. InterCure leverages its market leading distribution network, best in class international partnerships and a high-margin vertically integrated &#8220;seed-to-sale&#8221; model to be the most profitable cannabis company globally outside of North America.<br \/>InterCure is listed on the Toronto Stock Exchange under the symbol INCR.U and trades on the Tel Aviv Stock Exchange under the symbol INCR.TA. Listing of InterCure\u2019s Shares on NASDAQ Expected in Q2 2021 and Will Trade Under the Symbol \u201cINCR\u201d.<\/p>\n<p align=\"left\">For more information, visit: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Izi_dsIcLPivYXdEYWJxVSLp9KoA09t0vIMxPXr7unYL796GfMUovpgesXvi6OypeuEO9M0XHdxz29Us0ZMzkKcICR_tCUUjWjcke3S5h3Y=\" rel=\"nofollow noopener\" target=\"_blank\">http:\/\/www.intercure.co<\/a><\/p>\n<p align=\"left\">\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"left\" dir=\"RTL\">\n        <span dir=\"LTR\">This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects InterCure\u2019s current expectations regarding future events. The words \u201cwill\u201d, \u201cexpects\u201d, \u201cintends\u201d and similar expressions are often intended to identify forward-looking information, although not all forward-looking information contains these identifying words. Specific forward-looking information contained in this press release includes, but is not limited to: the future growth of the Israeli cannabis market, the success of its ability to integrate the medical cannabis trade house into its operations, the future operational success of the medical cannabis trade house and pharmacies acquired and the overall future profitability of the acquisition. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond InterCure\u2019s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to: changes in general economic, business and political conditions, changes in applicable laws, the Canadian regulatory landscapes and enforcement related to cannabis, changes in public opinion and perception of the cannabis industry, reliance on the expertise and judgment of senior management, as well as the factors discussed under the heading \u201cRisk Factors\u201d in Subversive Acquisition LP\u2019s final long form prospectus dated March 15, 2021, which is available on SEDAR at www.sedar.com. InterCure undertakes no obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.\u00a0<\/span>\n      <\/p>\n<p align=\"left\">\n        <strong>Contact:<\/strong>\n      <\/p>\n<p align=\"left\">\n        <strong>InterCure<\/strong><br \/>\n        <strong> Ltd.<\/strong><br \/>\n        <br \/>Amos Cohen, Chief Financial Officer<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=w9G9cr8Bip3ljiA0PeGRvB7rbHjdUk_dr6RsTnloQf1X5EzcNWG4RhUnPzKW2bxr-9LbPa-AbI5hEGgn38rS7ja2cz4cVgyoskNPTsf0JRw=\" rel=\"nofollow noopener\" target=\"_blank\">amos@canndoc-pharma.com<\/a><\/p>\n<p align=\"left\">____________________________<\/p>\n<p align=\"left\">\n        <sup>1<\/sup>Israeli Ministry of Health Data publication, April 2021<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI0MDI1OSM0MTk0MjI4IzIyMDc2MDY=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/6cbc3835-2c92-41d2-938e-425327c90443\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Acquisition of one of the leading active , IMCA approved trade houses in Israel expand ing InterCure&#8217;s sales channel, d istribution , d elivery and s torage capacity . As part of the acquisition, two additional pharmacies added to Intercure\u2019 s leading medical focused, pharmacy chain Acquisition expected to be accretive from Q3 2021 empowering InterCure to further boost growth and profits InterCure initiated a special medical cannabis home delivery program in collaboration with UPS &#8211; supporting Israel\u2019s patient s &#8216; community solid demand TORONTO and HERZLIYA, Israel, May 20, 2021 (GLOBE NEWSWIRE) &#8212; InterCure Ltd. (TSX: INCR:U, TASE: INCR)(dba Canndoc)(&#8220;InterCure&#8221; or the \u201cCompany\u201d) today announced that it signed a definitive agreement to acquire a licensed active medical cannabis trading &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/intercure-acquires-one-of-israels-leading-active-medical-cannabis-trade-houses-initiates-special-home-delivery-service-in-collaboration-with-ups\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;InterCure Acquires One of Israel&#8217;s Leading Active Medical Cannabis Trade Houses &amp; Initiates Special Home Delivery Service  in Collaboration With UPS&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-496201","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>InterCure Acquires One of Israel&#039;s Leading Active Medical Cannabis Trade Houses &amp; Initiates Special Home Delivery Service in Collaboration With UPS - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/intercure-acquires-one-of-israels-leading-active-medical-cannabis-trade-houses-initiates-special-home-delivery-service-in-collaboration-with-ups\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"InterCure Acquires One of Israel&#039;s Leading Active Medical Cannabis Trade Houses &amp; Initiates Special Home Delivery Service in Collaboration With UPS - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Acquisition of one of the leading active , IMCA approved trade houses in Israel expand ing InterCure&#8217;s sales channel, d istribution , d elivery and s torage capacity . As part of the acquisition, two additional pharmacies added to Intercure\u2019 s leading medical focused, pharmacy chain Acquisition expected to be accretive from Q3 2021 empowering InterCure to further boost growth and profits InterCure initiated a special medical cannabis home delivery program in collaboration with UPS &#8211; supporting Israel\u2019s patient s &#8216; community solid demand TORONTO and HERZLIYA, Israel, May 20, 2021 (GLOBE NEWSWIRE) &#8212; InterCure Ltd. (TSX: INCR:U, TASE: INCR)(dba Canndoc)(&#8220;InterCure&#8221; or the \u201cCompany\u201d) today announced that it signed a definitive agreement to acquire a licensed active medical cannabis trading &hellip; Continue reading &quot;InterCure Acquires One of Israel&#8217;s Leading Active Medical Cannabis Trade Houses &amp; Initiates Special Home Delivery Service in Collaboration With UPS&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/intercure-acquires-one-of-israels-leading-active-medical-cannabis-trade-houses-initiates-special-home-delivery-service-in-collaboration-with-ups\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-20T10:49:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI0MDI1OSM0MTk0MjI4IzIyMDc2MDY=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/intercure-acquires-one-of-israels-leading-active-medical-cannabis-trade-houses-initiates-special-home-delivery-service-in-collaboration-with-ups\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/intercure-acquires-one-of-israels-leading-active-medical-cannabis-trade-houses-initiates-special-home-delivery-service-in-collaboration-with-ups\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"InterCure Acquires One of Israel&#8217;s Leading Active Medical Cannabis Trade Houses &amp; 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As part of the acquisition, two additional pharmacies added to Intercure\u2019 s leading medical focused, pharmacy chain Acquisition expected to be accretive from Q3 2021 empowering InterCure to further boost growth and profits InterCure initiated a special medical cannabis home delivery program in collaboration with UPS &#8211; supporting Israel\u2019s patient s &#8216; community solid demand TORONTO and HERZLIYA, Israel, May 20, 2021 (GLOBE NEWSWIRE) &#8212; InterCure Ltd. (TSX: INCR:U, TASE: INCR)(dba Canndoc)(&#8220;InterCure&#8221; or the \u201cCompany\u201d) today announced that it signed a definitive agreement to acquire a licensed active medical cannabis trading &hellip; Continue reading \"InterCure Acquires One of Israel&#8217;s Leading Active Medical Cannabis Trade Houses &amp; Initiates Special Home Delivery Service in Collaboration With UPS\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/intercure-acquires-one-of-israels-leading-active-medical-cannabis-trade-houses-initiates-special-home-delivery-service-in-collaboration-with-ups\/","og_site_name":"Market Newsdesk","article_published_time":"2021-05-20T10:49:18+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI0MDI1OSM0MTk0MjI4IzIyMDc2MDY=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/intercure-acquires-one-of-israels-leading-active-medical-cannabis-trade-houses-initiates-special-home-delivery-service-in-collaboration-with-ups\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/intercure-acquires-one-of-israels-leading-active-medical-cannabis-trade-houses-initiates-special-home-delivery-service-in-collaboration-with-ups\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"InterCure Acquires One of Israel&#8217;s Leading Active Medical Cannabis Trade Houses &amp; 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