Subversive Real Estate Acquisition REIT LP (OTCQX:SBVRF) (NEO: SVX.U) is teaming up with Israeli cannabis company InterCure Ltd.
“We are excited to announce today’s qualifying transaction, which, upon closing, will allow our shareholders to participate in the upside of the Israeli cannabis market,” Michael Auerbach, founder of Subversive Capital, said Tuesday.
The combined entity will be led by Israel Ehud Barak, who serves as chairman and Former Prime Minister, and CEO Alex Rabinovitch.
Rabinovitch noted they are excited to participate in the transaction, adding that “structure facilitates our ability to access growth capital in a relatively short timeframe which, in turn, will support new strategic growth initiatives and drive shareholder value.”