Tag: IM Cannabis

StaffNovember 13, 2023
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BusinessDaily Hit

The Daily Hit: November 13, 2023

4min00
The 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 […]
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Debra BorchardtAugust 14, 2023
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Business

IM Cannabis’ Revenues Inch Up

3min00
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 […]
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Adam JacksonAugust 19, 2022
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Business

Headwinds Cause Cannabis Companies To Adapt Finances

6min00
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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StaffMarch 31, 2022
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Business

IM Cannabis Reported $54 Million In Revenues for 2021

4min00
IM Cannabis Corp. (CSE: IMCC) (NASDAQ: IMCC) released financial results for the fourth quarter and fiscal year ended December 31, 2021. Revenues were $20.0 million in the fourth quarter, representing an increase of 309% over 2020’s fourth quarter and 35% sequentially. The net loss for the fourth quarter was $12.5 million versus a net loss of $20.0 […]
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StaffMarch 10, 2022
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Business

IM Cannabis Reports Rising Revenue

3min01
IM Cannabis Corp.  (CSE: IMCC) (NASDAQ: IMCC) provided preliminary unaudited financial results for the three months and fiscal year ended December 31, 2021. Preliminary revenues for the fourth quarter were at least $20 million, representing an approximate increase of at least 37% sequentially and at least 308% compared to the same prior-year period. Preliminary revenues for fiscal […]
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StaffJuly 28, 2021
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Business

IM Cannabis Buys Two Israeli Companies

4min00
IM Cannabis Corp. (NASDAQ: IMCC) is buying R.A. Yarok Pharm Ltd. also called Pharm Yarok, Rosen High Way Ltd., and High Way Shinua. Ltd. by IMC Holdings Ltd., a wholly-owned Israeli subsidiary. The deal is valued at C$4.6 million. The acquisition is expected to integrate assets that include a license to sell medical cannabis to […]
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The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis

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