ARK Change Traded Funds (ETF) has invested $8 million in Israeli hashish firm InterCure (TASE: INCR). That is a part of ARK’s current spending spree on Israeli corporations after organising an Israeli ETF. InterCure is about to merge with a SPAC (particular goal acquisition firm) on the Canadian inventory trade, and ARK now has a 2.4% stake in InterCure value NIS 775 million. ARK purchased the shares at NIS 6.46, just like immediately’s value.
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InterCure is the one hashish firm in ARK’s Israeli ETF and different corporations are Gilat Satellite tv for pc Networks Ltd. (Nasdaq: GILT; TASE: GILT), ad-tech firm Perion Community Inc. (Nasdaq:PERI: TASE:PERI), immunotherapy drug developer Enlivex Therapeutics (Nasdaq: ENLV), computational biology firm Evogene Ltd. (TASE:EVGN), stem cell remedy firm Gamida Cell Ltd. (Nasdaq: GMDA) and drug developer Polypid (Nasdaq: PYPD).
ARK describes its ETF as monitoring modern corporations in genetics, healthcare, biotech, trade, manufacturing, Web and IT. InterCure is ARK’s third largest holding after Gilat and Perion.
InterCure is about to merge with Subversive Actual Property Acquisition REIT LP on Canada’s NEO trade and after the merger it can additionally listing on Nasdaq.
The corporate had income of $20.6 million and expects income of $74.4 million in 2021 and $137 million in 2022.
InterCure’s chairman is former Israeli prime minister Ehud Barak and its CEO is Alexander Rabinovitch
Revealed by Globes, Israel enterprise information – en.globes.co.il – on February 11, 2021
© Copyright of Globes Writer Itonut (1983) Ltd. 2021