INCR · NASDAQ · Drug Manufacturers - Specialty & Generic

InterCure (INCR)

Produces and distributes pharmaceutical-grade medical cannabis through an integrated Israeli platform.

$5.35
vs last close+0.10 (+2.00%)
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InterCure Ltd.INCR
Health Care

Produces, processes, exports, and distributes pharmaceutical-grade medical cannabis through Canndoc, alongside pharmacy retail operations. The business combines production and branded products with distribution partnerships and retail pharmacies in Israel and Germany.

Medical-cannabis operations run mainly through wholly owned Canndoc, Pharmazone, and Cannolam. Canndoc produces, processes, exports, and distributes pharmaceutical-grade medical cannabis, while Kan Olam, Givol, and Leon Pharm operate retail pharmacies.

The platform combines production, research and development, distribution partnerships, branded products, and pharmacy retail. Its principal operations are in Israel, with current materials also describing operations in Germany.

Production, importation, and sales at the Nir Oz facility resumed during 2025 after the October 7 disruption, while genetic-bank recovery remained an active focus. The ordinary shares remain listed and traded during Nasdaq's initial minimum-bid-price compliance period.

Company facts

CEOAlexander Rabinovich
ListedSep 1, 2021
ExchangeNASDAQ
HeadquartersHerzliya, Israel
CountryIsrael
Employees285
CIK0001857030
ISINIL0011063760

Market cap$62.1M
EPS (ttm)
P/E (ttm)
ROE
P/B0.4722
P/S
Dividend yieldDiv yield
Beta0.98vs XLV 0.06

No analyst consensus on record.

EPSReportedEstimate

Aug '23Dec '23Mar '24Apr '24Aug '24Dec '24May '25Sep '25
Reported$0.03$0.98−$1.04$0.02$0.02−$1.04−$0.02−$0.02
Estimate$0.25$6.92$10.51
Surprise−88.0%−85.9%−109.9%

RevenueReportedEstimate

Aug '23Dec '23Mar '24Apr '24Aug '24Dec '24May '25Sep '25
Reported$27.7M$19.1M$20.3M$17.0M$16.7M$14.9M$17.4M$19.4M
Estimate$101.3M$101.3M$66.3M$101.6M$19.4M
Surprise−72.6%−81.1%−69.3%−83.2%−10.5%
Estimate
Reported−$0.02
Estimate
Reported$19.4M
View details

Debt to equity46.20%
Current ratio147.80%

ProfitabilityRevenueNet incomeNet margin

Q1 FY24Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25
Revenue$20.9M$20.9M$18.8M$18.8M$21.6M$21.6M$23.3M$23.3M
Net income$237.7K$237.7K−$11.5M−$11.5M−$282.7K−$282.7K−$5.6M−$5.6M
Net margin1.1%1.1%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q1 FY24Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25
Operating income$1.7M$1.7M−$12.9M−$12.9M$948.2K$948.2K−$5.5M−$5.5M
YoY growth−11.6%−9.7%Loss widenedLoss widened−45.6%−45.6%Loss narrowedLoss narrowed

Balance sheet, Dec 31, 2025Cash & short-term investments $15.5M · Total debt $60.7M · Total assets $229.1M · Shareholders' equity $131.5M

Revenue
$23.3M
Operating income
−$5.5M
Net income
−$5.6M

Reported in ILS, converted at the latest exchange rate

View details

No dividends on record.

Institutions1.03%122.3K shares
15 holders · as of Jun 30, 2026
Insiders21.03%2.49M shares
3 holders · as of Apr 20, 2026
Other77.94%9.23M shares
remainder

11.85M company shares as of Aug 25, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Alexander RabinovichInsiderdirector, officer: Chief Executive Officer
20.88%2.47Mfiled Apr 20, 2026
Healthcare of Ontario Pension Plan Trust FundInstitution
0.36%212,500as of Jun 30, 2026
Citadel Advisors LLCInstitution
0.18%107,913as of Jun 30, 2026
Moore Capital Management, LPInstitution
0.16%97,273as of Jun 30, 2026
Amos CohenInsiderofficer: Chief Financial Officer
0.13%15,989filed Apr 16, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

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Compare

CompanyPriceChange
InterCure$5.35+2.00%$62.1M
Cronos Group$3.37+1.05%$1.24B18.456.15.1+58.4%
IM Cannabis$4.57+48.14%$1.9M0.1−42.1%
Village Farms International$3.09+7.29%$350.8M15.315.61.5+6.8%
Median16.935.81.5+6.8%