IM Cannabis Corp: Revenue Surge and Expansion Plans
Company Announcements

IM Cannabis Corp: Revenue Surge and Expansion Plans

IM Cannabis Corp (TSE:IMCC) has released an update.

IM Cannabis Corp reported a significant 50% increase in revenue in its German subsidiary following the partial legalization of cannabis in Germany, highlighting a strong demand for cannabis products. The company also announced a private placement offering to raise funds and plans to use the proceeds to repay a loan. Additionally, IM Cannabis has introduced new high-THC cannabis strains in Israel, aiming to expand its market presence.

For further insights into TSE:IMCC stock, check out TipRanks’ Stock Analysis page.

Related Articles
Catie PowersIs IMCC a Buy, Before Earnings?
TipRanks Auto-Generated NewsdeskIM Cannabis to Announce Q3 2024 Financial Results
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App