Cannabis company InterCure has reached a final settlement with the Israel Tax Authority and the Compensation Fund over its claim for compensation for indirect damages stemming from the damage caused to its fields in the October 7 attack.
Under the final agreement, the company will receive 230 million shekels in compensation for the losses it sustained. InterCure had sought 300 million shekels and has already received 111 million shekels, meaning it is expected to receive an additional approximately 119 million shekels from the Tax Authority.
One of InterCure’s main cultivation sites, controlled by Alex Rabinovitch, is located in Kibbutz Nir Oz. On Oct. 7, 2023, the main cultivation and production facility of Canndoc, an InterCure subsidiary, in the kibbutz was severely damaged and taken out of operation.
A home in Kibbutz Nir Oz that was burned down during the October 7 attack
(Photo: Amir Cohen/Reuters)
A number of company employees were also harmed during the terrorist attack, and two Canndoc employees were abducted to Gaza. Both returned safely to Israel as part of hostage-release deals. After the attack, the Nir Oz compound also served as a base for IDF forces operating in the area during the fighting in Gaza.
As of publication, InterCure shares were soaring 34% on the Tel Aviv Stock Exchange. However, over the past five years, the stock has fallen by nearly 87%.
The company ended 2025 with a net loss of 37 million shekels, compared with a 73 million shekel loss in 2024.