InterCure Begins 2022 with Record Breaking First Quarter Record revenue of $341 million in the first quarter of 2022
Adjusted EBITDA2 increased almost 110% year-over-year to $8 million
Net income of $6 million for the Q1 of 2022 compared to $2 million in Q1 of 2021
Seventh consecutive quarter of positive cash flow from operations
$91 million cash on March 31, 2022
Revenue growth expected to continue in the second quarter and throughout 2022
NEW YORK and TORONTO and HERZLIYA, Israel , May 16, 2022 (GLOBE NEWSWIRE) -- InterCure Ltd. (NASDAQ: INCR) (TSX: INCR.U) (TASE: INCR) (dba Canndoc)("InterCure" or the “Company”) is pleased to announced its financial results for the first quarter of 2022 and is pleased to provide shareholders with a business update. All amounts are expressed in Canadian dollars ($)3 or New Israeli Shekels (NIS), unless otherwise noted.
InterCure Begins 2022 with Record Breaking First Quarter Financial Results