Im Cannabis Corp ( (IMCC) ) has released its Q1 earnings. Here is a breakdown of the information Im Cannabis Corp presented to its investors.
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IM Cannabis Corp. is an international medical cannabis company that provides premium cannabis products to medical patients in Israel and Germany, leveraging a data-driven approach and a globally sourced product supply chain.
In its latest earnings report, IM Cannabis Corp. announced a significant turnaround in its financial performance for the first quarter of 2025, achieving net profitability and a substantial improvement in gross margins. The company also revealed plans for a non-brokered private placement of secured debentures.
Key financial highlights from the report include a net profit of $175,000, a 94% increase in gross profit to $3.5 million, and a 4% rise in revenue to $12.5 million compared to the same quarter in the previous year. Operating expenses were reduced by 56%, and the Non-IFRS Adjusted EBITDA showed a positive shift to $0.6 million from a loss of $2.2 million in the previous year. These results reflect the company’s strategic focus on operational efficiency and market expansion, particularly in Germany.
The company also reported an increase in total assets to $44.9 million, driven by growth in trade receivables and inventory, while liabilities increased to $41.8 million due to higher trade payables and other accounts payable. Despite the positive financial results, the company acknowledged potential risks related to its ability to continue as a going concern.
Looking ahead, IM Cannabis Corp. remains committed to its strategic initiatives aimed at sustainable and profitable growth, with a focus on expanding its presence in key markets such as Germany and Israel. The management’s outlook is cautiously optimistic, emphasizing the importance of maintaining operational discipline and leveraging market opportunities in the evolving cannabis industry.