IM Cannabis Corp C.IMCC

IM Cannabis is now IM Bankrupt

[NLMoose]

IM Cannabis seems to be on a brink of becoming IM Bankrupt as their stock price has not only reached a new 52 week low at a mere 61 cents a share, but its also a new record low.

Can't wait for IM Cannabis to become IM Delisted as punishment for allowing their shares to plummet to record low levels with no end in sight.

To save IM Cannabis from IM Delistment with NASDAQ, they need to get their governance in order, including firing every single board and executive member for gross incompetence.

With share price now at a new record low, a likelihood of IM Cannabis avoiding IM Delistment with a 180 day extension is very low.

IM Cannabis, clean up your act.

[WeeblesWobble]

Don't you just love people who complain ad nauseam without offering up any practical solutions?

[RockMaschine]

You'll have all the info you need to make an informed statement when they release Q2 results this month. I keep an eye on provincial sales sites and it appears both Wagners and Highland have released new strains to market. There was almost $30 million in accounts receivable of which they typically recover a significant amount. Keep an eye on total cash. Listen to the conference call and see

[NLMoose]

Logically speaking, if IM Cannabis has a strong cash flow, their shares would be trading at $5.00 a share by now, not a record low of 57 cents a share.

[RockMaschine]

Bahaha you're trying to talk about logic in these markets!? Logically speaking the world as we know it is broke. Narratives and emotions are the trade for 99% of whats out there. With all your grumbling you fail to even acknowledge the challenges faced by even the significantly larger players. The ones who have hundreds of millions in annual revenue and are valued less than a billion. Every