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Bullboard - Stock Discussion Forum 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... see more

CSE:IMCC - Post Discussion

IM Cannabis Corp > Looks Like I Was About IM Cannabis Becoming IM Bankrupt
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Post by NLMoose on Aug 16, 2022 10:31am

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.

Comment by RockMaschine on Aug 18, 2022 9:50am
What a crock again from dumb Moose. I know he probably has me on ignore but I will not give up refuting his bs until IMC actually does go belly up and then I'll simply pick myself up and move on to the next play. Who's estimates are these? The ones from the same type of analysts who also got wrong every major tech and retail stocks earnings? Provide me evidence that insolvency is in the ...more  
Comment by RockMaschine on Aug 19, 2022 8:45am
Haha, foot meet mouth. Within a week of saying we don't need cash Oren and Marc decide to throw down a huge chunk of change to support the company. I'm very happy to see Marc finally stepping up with more of his money. He is a true market leader and in my mind still has one of the best stories in the sector growing Cannaroyalty into Origin House and on to a billion dollar sale to Cresco.
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