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IM Cannabis to Report Third Quarter 2023 Financial Results on Monday, November 13 at 9:00am ET

Key Takeaway: IM Cannabis Corp. will announce its third quarter 2023 financial results on November 13, 2023, prior to market opening. A Zoom web conference will follow at 9:00 a.m. ET for discussions and Q&A with investors. IMC is now focusing its operations on the more lucrative medical cannabis markets in Israel and Germany after exiting Canada. This pivot reflects their strategy for sustainable growth and compliance in competitive markets.

Market Sentiment Analysis

POSITIVE FACTORS

  • IM Cannabis will report its financial results, indicating transparency to investors.
  • The upcoming discussion is an opportunity for direct engagement with the investment community.
  • The company is focusing its resources on profitable markets in Israel and Germany.
  • IM Cannabis aims for sustainable growth, which is a positive direction for investors.

CONCERNS & RISKS

  • The company recently exited operations in Canada, which could imply past challenges.
  • The financial results may reveal fluctuating performance, raising investor concerns.

Full Press Release Details

TORONTO and GLIL YAM, Israel, Nov. 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 September 30, 2023, on Monday, November 13, 2023 before the market opens.
The Company will host a zoom web conference on the same day at 9:00 a.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 Q2 results?

IM Cannabis will report its Q2 results on November 13, 2023, before market opens.

What time is the web conference for Q2 results?

The web conference will be held at 9:00 a.m. ET on November 13, 2023.

Where can I find the recording of the conference call?

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

What markets does IM Cannabis focus on?

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

What is the primary focus of IM Cannabis's operations?

The primary focus is sustainable and profitable growth in high-value markets.

Last updated: Nov 8, 2023