IM Cannabis Corp. Achieves Profitability and Announces Debenture Offering in Q1 2025

An update from IM Cannabis Corp ( (TSE:IMCC) ) is now available.

On May 15, 2025, IM Cannabis Corp. reported its financial results for the first quarter ending March 31, 2025, showcasing a significant turnaround in its financial performance. The company achieved a net profit of $175,000, a 94% increase in gross profit, and a 4% rise in revenue compared to the same quarter in 2024. Operating expenses decreased by 56%, leading to a 129% increase in Non-IFRS Adjusted EBITDA profit. These results highlight the effectiveness of the strategic and operational improvements implemented by the company, marking a pivotal moment in its pursuit of sustained profitability. Additionally, IM Cannabis announced plans for a non-brokered private placement of secured debentures, aiming to raise up to C$2.5 million, which could further strengthen its financial position.

The most recent analyst rating on (TSE:IMCC) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on IM Cannabis Corp stock, see the TSE:IMCC Stock Forecast page.

Spark’s Take on TSE:IMCC Stock

According to Spark, TipRanks’ AI Analyst, TSE:IMCC is a Neutral.

IM Cannabis Corp’s overall stock score is below average due to significant financial and valuation challenges. Despite positive developments in the German market and improved EBITDA, the company’s high debt levels, negative margins, and operational inefficiencies weigh heavily. Technical indicators provide some hope for short-term recovery, but valuation remains unattractive.

To see Spark’s full report on TSE:IMCC stock, click here.

More about IM Cannabis Corp

IM Cannabis Corp. is an international medical cannabis company that operates primarily in the medical cannabis industry. The company focuses on providing medical cannabis products and services, with a significant market presence in countries such as Germany and Israel.

Average Trading Volume: 259

Technical Sentiment Signal: Sell

Current Market Cap: C$7.25M

See more insights into IMCC stock on TipRanks’ Stock Analysis page.