IM Cannabis Corp (TSE:IMCC) has released an update.
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IM Cannabis Corp., a player in the cannabis market, is refocusing its efforts by exiting the Canadian market and reinforcing operations in Israel and Germany, aiming for leadership in European medical cannabis and readiness for potential recreational legalization. The company reported its Q2 2024 unaudited financial results and is navigating challenges including inflation and the Israeli-Hamas conflict, which have impacted business operations. Despite these challenges, the anticipated Israeli medical cannabis regulatory reform could positively affect the company’s future operations.
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