Adam JacksonApril 11, 2025
Both companies have experienced significant stock price declines over the past year.
Tag: IM Cannabis
Adam JacksonApril 11, 2025Adam JacksonMarch 31, 2025
The company attributed much of the loss to the cancellation of a major contract.
StaffAugust 14, 2024
News from: Tilray, Vermont, Acreage Holdings, 4Front Holdings and more.
John SchroyerAugust 14, 2024
The company said it will continue investing in Germany, which now accounts for 24% of all company revenue.
StaffNovember 13, 2023The Daily Hit is a recap of the top financial news stories for Nov. 13, 2023. On the Site New York Judge Says Marijuana Regulators Erred in Hemp Enforcement A New York state judge delivered a setback to state marijuana regulators over an emergency hemp rule enacted over the summer. Justice Thomas Marcelle found that […]
Adam JacksonNovember 13, 2023
The restructuring initiatives cut total operating costs by 34%.
Debra BorchardtAugust 14, 2023
IM Cannabis Corp. (NASDAQ: IMCC) (CSE: IMCC) announced its financial results today for the second quarter ending June 30, 2023. All amounts are reported in Canadian dollars. Revenues at IM Cannabis increased 4% for the second quarter to $13.2 million versus last year’s $12.7 million for the same time period. The net losses were flat […]
Adam JacksonMay 15, 2023
Restructuring initiatives included cutting its workforce in Israel by 21% across all functions.
Debra BorchardtMarch 29, 2023
IM Cannabis continued to refocus on Israel, Germany, and elsewhere in Europe.
Adam JacksonAugust 19, 2022
Economic headwinds in the industry are causing cannabis companies to make changes to their financing strategies. The news comes as cannabis capital raises are down 63.1% so far this year despite M&A movement soaring, according to a report by Viridian Capital Advisors. The cash crunch illustrates the rising stakes for those vying to survive in […]
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