Subversive Highlights InterCure s Q4 Estimated Unaudited Results and Provides Update on TSX Listing and Name Change
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InterCure s Q4 Results Show Accelerated Growth, Continued Increase in Profitability, Operating Profit and Net Profit
InterCure Establishes International Leadership Position and is On-Track to Complete the Transaction with SVX SPAC and Listing on Nasdaq
SVX to Begin Trading on TSX Beginning February 26, 2021
TORONTO, Feb. 23, 2021 /PRNewswire/ -
SUBVERSIVE ACQUISITION LP (NEO: SVX.U) (OTCQX: SBVRF) (
SVX ) (previously Subversive Real Estate Acquisition REIT LP) announced today that InterCure Ltd. (dba Canndoc) (TASE: INCR) (
InterCure ), Israel s leading cannabis company and SVX s intended target for its Qualifying Transaction (the
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Combined Company will be led by Chairman and Former Prime Minister of Israel Ehud Barak and CEO Alex Rabinovitch
InterCure (dba Canndoc) has Doubled Revenues Sequentially in Four of the Last Five Quarters; Growth Plans Include Tripling Retail Footprint in 2021
Well-Positioned for Possible Substantial Market Expansion and Further Positive Free Cash Flow Growth in the Event of Adult-Use Cannabis Reform within the Next 24 Months
US$65 Million Private Placement to Support Transaction – Satisfies Required Cash to Close
Expected Transaction Close in April 2021
Listing of Shares on NASDAQ is a Condition of Closing
Common Shares Currently Trade on the OTCQX Under the Symbol SBVRF and the NEO Under the Symbol SVX.U
This Alpha Lithium profile is part of a paid investor education campaign.
Overview
The international community is in the midst of a battery revolution. Shares of electric vehicle maker Tesla (NASDAQ:TSLA) surged 695 percent in 2020, making it one of the most valuable companies in the world and showcasing the promising growth narrative of the electric vehicle boom.
The revolution for electric powered cars is not only being led by Tesla but many other car companies including (NYSE:NIO), which is expected to increase production capacity from around 60,000 vehicles a year to 150,000 by the end of this year. Volkswagen (OTC Pink:VWAGY), General Motors (NYSE:GM), Nissan (OTC Pink:NSANY), Hyundai (OTC Pink:HYMTF) and BMW are also investing heavily into the boom.