InterCure has Secured Funding of NIS 66M to support the recovery of Nir Oz Facility – Company Announcement - FT.com
Summary
Completing the post-war damage recovery processes will enable the company to return to profitable growth without further delay, including exercising the cookies agreement and expanding international operations in , the , and . "Following a challenging period with our Southern Facility in Kibbutz , this funding, represents a huge vote of confidence from investors who believe in the Companys growth strategy, alongside one of the leading banks in . We remain hopeful for a swift end to the ongoing war and the return of all hostages, including our employees and our close friends from the kibbutzim surrounding the strip, to their homes and we are confident in our ability to contribute significantly to the post-war recovery efforts of such area. "Under Israeli law, the Companys Southern Facility, located in an area impacted by the terrorist attack and the war in , is entitled to full compensation for all direct and indirect damages incurred, including loss of profits. These statements are often characterized by terminology such as "believes," "hopes," "may," "anticipates," "should," "intends," "plans," "will," "expects," "estimates," "projects," "positioned," "strategy" and similar expressions and are based on assumptions and assessments made in light of managements experience and perception of historical trends, current conditions, expected future developments and other factors believed to be appropriate.