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IM Cannabis Corp C.IMCC

Alternate Symbol(s):  IMCC

Healthcare
IM Cannabis Corp. is a Canada-based medical cannabis company. The Company operates in Israel through its commercial relationship with Focus Medical Herbs Ltd. (Focus Medical), which has a cultivation license to breed, grow and supply medical cannabis products in Israel. The Company also operates medical cannabis retail pharmacies, online platforms, distribution centres and logistical hubs in Israel. The Company operates through Adjupharm GmbH in Europe, which is a medical cannabis producer and distributor with wholesale, narcotics handling, manufacturing, procurement, storage, and distribution licenses granted by German regulatory authorities that allow for import/export capability with requisite permits. The Company operates through Trichome and its subsidiaries Trichome JWC Acquisition Corp. and MYM Nutraceuticals Inc., where it cultivates and processes cannabis for the adult-use market at its Ontario and Nova Scotia facilities under the WAGNERS and Highland Grow brands.


CSE:IMCC - Post by User

IM Cannabis Corp > Looks Like I Was About IM Cannabis Becoming IM Bankrupt
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Post by NLMooseon Aug 16, 2022 10:31am
241 Views
Post# 34899191

Looks Like I Was About IM Cannabis Becoming IM Bankrupt

Looks Like I Was About IM Cannabis Becoming IM Bankrupt

On August 15, 2022, IM Cannabis reported its financial results, and I have to say they are terrible at best.

While investment firms were projecting an EPS of 5 cents per share, it was a dismal -30 cents a share, a difference of 35 cents a share.

Looks like some investors were right all along to sell IM Cannabis shares with its EPS definitely missing the mark.

If it was off by one or two cents per share, that is reasonable, but 35 cents a share is a concern.

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