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IM Cannabis to Report Second Quarter 2023 Financial Results on Monday, August 14 at 9:00am ET

Key Takeaway: IM Cannabis Corp. will report its second quarter 2023 financial results on August 14, 2023, before the market opens. Following the release, a web conference will be hosted at 9:00 a.m. ET to discuss the results and engage with investors. The company has recently exited the Canadian market to focus on its operations in Israel and Germany, which are key markets for its medical cannabis products.

Market Sentiment Analysis

POSITIVE FACTORS

  • IM Cannabis is focusing on profitable markets in Israel and Germany.
  • The company is planning to report its financial results on a specific date, indicating transparency.
  • The forthcoming web conference allows for direct engagement with investors.

Full Press Release Details

TORONTO and GLIL YAM, Israel, Aug. 8, 2023 /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 second quarter ended June 30, 2023, on Monday, August 14, 2023 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 Corp. report Q2 2023 results?

IM Cannabis will report its Q2 2023 results on August 14, 2023, before market opens.

How can investors join the IM Cannabis web conference?

Investors can register for the web conference via a provided registration link.

Where can I find the recording of the earnings call?

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

What markets does IM Cannabis focus on?

IM Cannabis primarily focuses on the medical cannabis markets in Israel and Germany.

What led IM Cannabis to exit Canadian operations?

IM Cannabis exited Canadian operations to focus on sustainable growth in more profitable markets.

Last updated: Aug 8, 2023