InterCure Ltd. (NASDAQ: INCR) (TSX: INCR.U) (TASE: INCR) is set to open the first Cookies-branded shop in Austria.
The company announced Tuesday, the shop will be located in the Neubau district of Vienna and will offer Cookies’ unique CBD menu, available for the first time in Europe as well as other products.
InterCure says that as regulations are evolving, pharmaceutical-grade medical cannabis will be available for Austrian patients, including Cookies EU-GMP THC products. It says the Vienna launch represents the spearhead of an expansion into additional European countries.
InterCure and Cookies recently inaugurated a 1,000-square-meter flagship Cookies pharmacy in Be’er Sheva, the largest city in Israel’s southern region.
Company stock stayed flat at $5.78 on the Toronto Stock Exchange.
“We are proud to make another big advancement in the expansion of our winning model into Europe and deliver on our promise to supply the highest quality and reliable cannabis products to every territory with a supportive regulatory framework,” InterCure CEO Alexander Rabinovitch said.
“We look forward to welcoming Austrians and the millions of tourists who visit Vienna to the first Cookies’ location in the country. I am grateful for the amazing work of our teams in Europe and partners at Cookies who helped make this successful launch and look forward to the many more to come across the continent.”
San Francisco-based Cookies was founded in 2010 by Gilbert Anthony Milam, commonly known by his rap alias Berner, and his growing partner Jai. It carries products such as Cake Mix, Melonatta, Fly and Ooh La La which are cultivated at InterCure’s southern facility
“Bringing the Cookies brand and its products to Vienna is a core part of our global expansion strategy. By partnering with a global partner like InterCure, we can share cannabis-based medicine and culture from California to Europe,” president of Cookies Parker Berling said.