InterCure CEO Alex Rabinovitch Purchases Over 420,000 Shares of Company Stock in The Open Market
InterCure Ltd (NASDAQ: INCR) announced that CEO Alexander Rabinovitch bought 423,501 shares of the company's common stock in September 2021 at an average price of USD $7.03 per share, totaling USD $2,975,730.
Sentiment and the balance of points
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Rhea-AI Summary
InterCure Ltd (NASDAQ: INCR) announced that CEO Alexander Rabinovitch bought 423,501 shares of the company's common stock in September 2021 at an average price of USD $7.03 per share, totaling USD $2,975,730. These purchases were made on NASDAQ and the Tel Aviv Stock Exchange. InterCure, operating as Canndoc, is Israel's largest licensed cannabis producer and one of the fastest-growing cannabis companies outside North America, leveraging a high-margin, vertically integrated model and robust distribution network.
Positive
- CEO purchase of 423,501 shares indicates strong insider confidence.
- InterCure is the largest licensed cannabis producer in Israel.
- The company operates with a high-margin vertically integrated model.
Negative
- None.
Details
News Market Reaction – INCR
The recorded move for INCR in the trading session of this news was +4.70%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK, TORONTO and HERZLIYA, Israel, Oct. 12, 2021 (GLOBE NEWSWIRE) -- InterCure Ltd. (NASDAQ: INCR) (TSX: INCR.U) (TASE: INCR) (dba Canndoc) ("InterCure" or the “Company”) today announced that CEO Alexander Rabinovitch purchased, throughout the month of September 2021, a total of 423,501 shares of the Company’s common stock.
Mr. Rabinovitch purchased the shares by buying 423,501 shares in the open market at an average price of USD$7.03 per share (CAD $8.95 or NIS 22.69). The shares were purchased partially on the NASDAQ and in part on the Tel Aviv Stock Exchange, for a total investment in the Company of USD$2,975,730 (CAD $3,790,238 per share or NIS 9,608,631).
About InterCure (dba Canndoc)
InterCure (dba Canndoc) (NASDAQ: INCR) (TSX: INCR.U) (TASE: INCR) is the leading, profitable, and fastest growing cannabis company outside of North America. Canndoc, a wholly owned subsidiary of InterCure, is Israel's 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 "seed-to-sale" model to lead the fastest growing cannabis global market outside of North America.
For more information, visit: http://www.intercure.co.
To be added to InterCure’s email distribution list, please email InterCure@kcsa.com with “InterCure” in the subject.
Contact:
InterCure Ltd.
Amos Cohen, Chief Financial Officer
amos@canndoc-pharma.com
KCSA Strategic Communications
Investor and Media Relations
InterCure@kcsa.com
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