M&A Deal Summary

InterCure Acquires Better

On February 16, 2022, InterCure acquired agriculture company Better for 35M USD

Acquisition Highlights
  • This is InterCure’s 1st transaction in the Agriculture sector.
  • This is InterCure’s largest (disclosed) transaction.
  • This is InterCure’s 1st transaction in Israel.

M&A Deal Summary
Date 2022-02-16
Target Better
Sector Agriculture
Buyer(s) InterCure
Deal Type Add-on Acquisition
Deal Value 35M USD

Target

Better

Tel-Aviv, Israel
website
Better is a pharmaceutical-grade medical cannabis company that has been developing, growing, and marketing cannabis strains dedicated to conditions and indications such as epilepsy, autism, chronic pain, and cancer, and treats tens of thousands of patients every month. Since its inception, the company has been at the forefront of the medical cannabis field and has provided hundreds of thousands of documented treatments - a proven unique therapeutic data. It operates two cultivation spaces with a commercial growth potential of over 3 tons of medical cannabis a year from unique, stable cannabis strains. Better was formed in 2008 and is based in Tel-Aviv, Israel.

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Buyer(S) 1

Buyer

InterCure

Herzliya, Israel

website

Category Company
Founded 1994
Sector Agriculture
Employees75
Revenue 65M ILS (2020)
DESCRIPTION

InterCure engages in the research, cultivation, production, marketing, and distribution of cannabis products for medical use in Israel and internationally. It also invests in bioscience, life sciences, medical equipment, and biotechnology sectors. InterCure was founded in 1994 and is based in Herzliya, Israel.

DEAL STATS #
Overall 1 of 2
Sector (Agriculture) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (Israel) 1 of 2
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-31 Leon Pharm

Tel Aviv, Israel

Leon Pharm is an Israel-based pharmacy chain specializing in dispensing medical cannabis. Leon Pharm is based in Tel Aviv, Israel.

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