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InterCure has Secured Funding of NIS 66M to support the recovery of Nir Oz Facility
INCRIntercure(INCR) Prnewswire·2024-12-20 13:32

The funding may increase to NIS 107M to support the expansion of the facility in collaboration with the "Tkumah" administration, post-war. The funding includes investments from key shareholders of the company, including CEO Alexander Rabinovich, as well as lead investors Yaron Yakobi and Tzahi Hagag who will become significant shareholders. Funding also includes a loan from a major Israeli bank. Completing the post-war damage recovery processes will enable the company to return to profitable growth withou ...