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InterCure Signs Definitive Agreement to Acquire Leon Cannabis Pharmacy Chain

PRIVATEJan 31, 2024

Acquiring Company

InterCure Ltd. (dba Canndoc)

Acquired Company

Leon Pharm Ltd

HerzliyaTel AvivPharmaceutical ManufacturingBiotechnologyHealth CareMedicalCannabis

Description

InterCure Ltd. (dba Canndoc), the leading medical cannabis company in Israel and outside of North America, has entered into a share purchase agreement with the shareholders of Leon Pharm Ltd. to purchase Leon Pharm, a leading, Israel-based pharmacy chain specializing in dispensing medical cannabis in Israel. This acquisition is consistent with InterCure's strategy of expanding its market-leading distribution network towards the new medical cannabis reform announced by the Israeli Ministry of Health and is expected to be accretive to the Company’s business model.

Quick answer

InterCure Ltd. (dba Canndoc) is acquiring Leon Pharm Ltd, announced January 31, 2024. InterCure Ltd. (dba Canndoc) is based in Herzliya, Tel Aviv, Israel.

How much did InterCure Ltd. (dba Canndoc) pay for Leon Pharm Ltd?
The deal value was not disclosed.
What does InterCure Ltd. (dba Canndoc) do?
InterCure Ltd. (dba Canndoc) is the leading medical cannabis company in Israel and outside of North America.
Where are InterCure Ltd. (dba Canndoc) and Leon Pharm Ltd based?
InterCure Ltd. (dba Canndoc) is based in Herzliya, Tel Aviv, Israel. Leon Pharm Ltd is based in Tel Aviv, Tel Aviv District, Israel.

Source: Fundz verified event record.

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Company Information

Company

InterCure Ltd. (dba Canndoc)

Location

Herzliya, Tel Aviv, Israel

About

InterCure Ltd. (dba Canndoc) is the leading medical cannabis company in Israel and outside of North America. It is Israel’s largest licensed cannabis producer offering Good Manufacturing Practices (GMP) certified and pharmaceutical-grade medical cannabis products. Canndoc, a wholly owned subsidiary of InterCure, is the leading pharmacy chain for medical cannabis patients in Israel and worldwide. 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.

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Frequently asked

Who acquired Leon Pharm Ltd?

Leon Pharm Ltd was acquired by InterCure Ltd. (dba Canndoc), based in Herzliya. The deal was reported on January 31, 2024. InterCure Ltd. (dba Canndoc) is the leading medical cannabis company in Israel and outside of North America. InterCure Ltd. (dba Canndoc) is privately held and operates in Pharmaceutical Manufacturing.

When did InterCure Ltd. (dba Canndoc) acquire Leon Pharm Ltd?

InterCure Ltd. (dba Canndoc)'s acquisition of Leon Pharm Ltd was reported on January 31, 2024. InterCure Ltd. (dba Canndoc), the leading medical cannabis company in Israel and outside of North America, has entered into a share purchase agreement with the shareholders of Leon Pharm Ltd. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Leon Pharm Ltd do?

Leon Pharm Ltd. is a leading Israel-based pharmacy chain specializing in dispensing medical cannabis in Israel. It is privately held, operating in Biotechnology, and is based in Tel Aviv.

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