IM Cannabis Corp (TSE:IMCC) has released an update.
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IM Cannabis Corp. has reported an impressive 200% sales increase in its German sector following the country’s cannabis legalization, contributing to a 12% overall revenue growth this quarter. The company has also effectively reduced its operating expenses by 29%, although gross margin saw a significant decline due to inventory clearances and slow-moving stock adjustments.
For further insights into TSE:IMCC stock, check out TipRanks’ Stock Analysis page.