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IMCC Positive Sentiment Score: 65/100

IM Cannabis to Report Fourth Quarter and Full Year 2023 Financial Results on Thursday, March 28 at 9:00am ET

Key Takeaway: IM Cannabis Corp. (CSE: IMCC, NASDAQ: IMCC) will report its financial and operational results for the fourth quarter and full year of 2023 on March 28, 2024, before market opening. The company will host a web conference at 9:00 AM ET to discuss the results and engage with investors. IM Cannabis has recently shifted its focus to the high-value medical cannabis markets in Israel and Germany after discontinuing its operations in Canada.

Market Sentiment Analysis

POSITIVE FACTORS

  • IM Cannabis is set to report potentially strong financial results for 2023.
  • Company focuses on two of the largest medical cannabis markets: Israel and Germany.
  • Active engagement with investors through a live web conference.

CONCERNS & RISKS

  • Recent exit from the Canadian market, which could lead to reduced revenue sources.
  • Ongoing challenges in the competitive cannabis industry.

Full Press Release Details

TORONTO and GLIL YAM, Israel, March 20, 2024 /PRNewswire/ -- IM Cannabis Corp. (CSE: IMCC) (NASDAQ: IMCC) (the "Company", "IMCannabis", or "IMC"), a leading medical cannabis company with operations in Israel and Germany, will report operational and financial results for the fourth quarter and full year 2023 ended December 31, 2023, on Thursday, March 28, 2024 before the market opens.
The Company will host a zoom web conference on the same day at 9:00a.m. ET to discuss the results, followed by a question-and-answer session for the investment community. Investors are invited to register by clicking here. All relevant information will be sent upon registration.
If you are unable to join us live, a recording of the call will be available on our website at https://investors.imcannabis.com within 24 hours after the call.
About IM Cannabis Corp.
IMC (Nasdaq: IMCC) (CSE: IMCC) is an international cannabis company that provides premium cannabis products to medical patients in Israel and Germany, two of the largest medical cannabis markets. The Company has recently exited operations in Canada to pivot its focus and resources to achieve sustainable and profitable growth in its highest value markets, Israel and Germany. The Company leverages a transnational ecosystem powered by a unique data-driven approach and a globally sourced product supply chain. With an unwavering commitment to responsible growth and compliance with the strictest regulatory environments, the Company strives to amplify its commercial and brand power to become a global high-quality cannabis player.
The IMC ecosystem operates in Israel through its commercial relationship with Focus Medical Herbs Ltd., which imports and distributes cannabis to medical patients, leveraging years of proprietary data and patient insights. The Company also operates medical cannabis retail pharmacies, online platforms, distribution centers, and logistical hubs in Israel that enable the safe delivery and quality control of IMC products throughout the entire value chain. In Germany, the IMC ecosystem operates through Adjupharm GmbH, where it distributes cannabis to pharmacies for medical cannabis patients. Until recently, the Company also actively operated in Canada through Trichome Financial Corp and its wholly owned subsidiaries, where it cultivated, processed, packaged, and sold premium and ultra-premium cannabis at its own facilities under the WAGNERS and Highland Grow brands for the adult-use market in Canada. The Company has exited operations in Canada and considers these operations discontinued.
Anna Taranko, Director Investor & Public Relations
SOURCE IM Cannabis Corp.

21 %

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Frequently Asked Questions

When will IM Cannabis report its 2023 results?

IM Cannabis will report its 2023 results on March 28, 2024, before market opens.

How can investors attend the results conference?

Investors can register for the zoom conference on March 28, 2024, at 9:00 a.m. ET.

Where can I find the recording of the call?

A recording of the call will be available on IM Cannabis's website within 24 hours.

What regions does IM Cannabis operate in?

IM Cannabis operates in Israel and Germany, providing premium medical cannabis.

What did IM Cannabis recently do regarding Canadian operations?

IM Cannabis has exited its operations in Canada to focus on Israel and Germany.

Last updated: Mar 20, 2024