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IM Cannabis Corp C.IMCC

Alternate Symbol(s):  IMCC

IM Cannabis Corp. is a Canada-based international cannabis company that provides cannabis products to medical patients in Israel and Germany. The Company's ecosystem operates in Israel through its commercial relationship with Focus Medical Herbs Ltd., which imports and distributes cannabis to medical patients, leveraging proprietary data and patient insights. The Company also operates medical cannabis retail pharmacies, online platforms, distribution centers, and logistical hubs in Israel. In Germany, the Company operates through Adjupharm GmbH, where it distributes cannabis to pharmacies for medical cannabis patients. It offers four different product lines, leading with the Craft Collection which offers the highest quality Canadian craft cannabis flower. The Company's other product lines include Top-Shelf Collection, Signature Collection and Full Spectrum Extracts. The Company's brands include The WAGNERS, BLKMKT, LOT420, and The PICO collection (minis).


CSE:IMCC - Post by User

Post by TheBridgeon Nov 04, 2021 1:01pm
284 Views
Post# 34087475

Dilution

DilutionIMO, I don't think that  the share price has finished dropping.. While Mr.  Market hasn't looked favourably at all cannabis stock for some time already there are other reasons for the IMCC dropping share price. Another reason might be that the 3rd of five of five installments of Consideration Shares just took place on Oct. 15 and there are still 2 more installments to be made by IMCC. The total of the 5 installments amount to $4.3 million dollars worth of shares being issued which has to cause a dillution of share price. I'm not certain but the $4.3 million is likely in US dollars. Its got to be harder for the share price to rise as these new shares are still being issued. This could take a long, long time to get back into the $5 range again.
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