An answer to why it was down
https://www.benzinga.com/markets/cannabis/22/07/28280898/israels-marijuana-bubble-bursts-tel-aviv-stock-exchange-eliminates-ta-cannabis-index-ending-thre I was unaware there was an index in the Israel stock market. I would speculate that there may have been broad based shorting leading up to this event. Intercure, INCR has been largely unaffected except there is even worse liquidity and their float is held in larger quantity and by even tighter hands. I expect now that this index is dissolved theres no reason to try and hold these regional players back. https://www.ynetnews.com/health_science/article/sjks15c29 And just like bureaucracy has destroyed the market in California and elsewhere it appears Israeli politicians are unable to get their act together and issue license to those most in need. Couple that with recent announcements which saw police make seizures of cannabis imports due to again to permits and you have a heck of a show. Yes it impacts IMCC but not over the very long term. Canadian operations can carry the weight for a bit and once Germany comes online it will only grow from there. Hopefully there are some who had the courage to buy down here and are now up 50% and more in a matter of weeks.