Newsfeeds - Spark Newswire

3 minute read

IM Cannabis To Reduce Its Workforce In Israel By Up To 25%

Today, 4:22 PM

IM Cannabis Corp. (NASDAQ: IMCC) (CSE:IMCC) will be reducing its workforce in Israel by 20%-25% across all functions to strengthen its focus on core activities and drive efficiencies to realize sustainable profitability.

ALEAF

3 minute read

IM Cannabis Announces Additional Restructuring Initiatives Designed To Drive Sustainable Profitability And Reduce Costs; To Achieve This Goal, The Company Will Be Reducing Its Workforce In Israel By 20%-25% Across All Functions

By Happy Mohamed

Today, 4:22 PM

The Company aims for a leaner organization with a primary focus on achieving profitability in 2023 and approximately CAD$3.5 million in annualized cost savings TORONTO and GLIL

CSE:IMCC

2 minute read

IM Cannabis Terminates The Panaxia Pharmacy Option

By Vuk Zdinjak

Today, 4:22 PM

IM Cannabis Corp. (NASDAQ: IMCC) (CSE:IMCC) provided an update on its transaction with Panaxia Pharmaceutical Industries Israel Ltd. and Panaxia Logistics Ltd., part of the Panaxia Labs Israel, Ltd. group of companies, (collectively, "Panaxia").

CSE:IMCC

2 minute read

IM Cannabis Secures $500K Via Private Placement Lead By Oren Shuster And Rafael Gabay

By Vuk Zdinjak

Today, 4:22 PM

IM Cannabis Corp. (NASDAQ: IMCC) (CSE:IMCC) has closed the first tranche of its non-brokered private placement, of 400,000 units of the company at a price of $1.25 per unit for aggregate proceeds of $500,000

CSE:IMCC

3 minute read

IM Cannabis Revenue Grows 78% YoY, What About Debt?

By Vuk Zdinjak

Today, 4:22 PM

IM Cannabis Corp. (NASDAQ: IMCC) (CSE: IMCC) Q3 2022 revenues were CA$14.2 million ($10.7 million), compared to CA$8.0 million on Q3 2021, an increase of 78%, representing a 12% sequential organic growth.

CSE:IMCC

2 minute read

Avant & IM Cannabis Team Up To Bring New Medical Marijuana Products To Isreal

By Jelena Martinovic

Today, 4:22 PM

Avant Brands Inc. (TSX: AVNT) (OTC-QX: AVTBF) (FRA: 1BU0) and IM Cannabis Corp. (CSE: IMCC) (NASDAQ: IMCC) jointly announced on Wednesday the signing of an international trademark licensing agreement granting IMC the exclusive right to launch the BLKMKT brand in the Israeli medical

AVTBF

1 minute read

IM Cannabis To Raise Up To $5M Via Private Placement Led By Management

By Vuk Zdinjak

Today, 4:22 PM

IM Cannabis Corp. (NASDAQ: IMCC) (CSE:IMCC) is undertaking a non-brokered private placement for aggregate gross proceeds of up to $5 million.

CSE:IMCC

2 minute read

IM Cannabis Q2 Revenue Grows 114% YoY, What About Profit?

By Vuk Zdinjak

Today, 4:22 PM

IM Cannabis Corp. (NASDAQ: IMCC) (CSE:IMCC) released financial results for its second quarter ended June 30, 2022, revealing revenues increased 114% year-over-year to CA$23.8 million ($18.43 million). Q2 2022 Financial Results

CSE:IMCC

3 minute read

Hamburg Launched Partnership To Ease the Burden On Medical Marijuana Patients And Doctors

By Benzinga Cannabis Contributors

Today, 4:22 PM

By Oren Shuster The project, known as “Pain Initiative Cannabinoids 2021”, is a crucial development in advancing the German cannabis industry

CSE:IMCC

3 minute read

On Canada Day, Here Are The 5 Biggest Canadian-Based Gainers, Losers Trading On CAD Stock Exchanges

By Melanie Schaffer

Today, 4:22 PM

Canada is celebrating its national day on Friday, in honor of Confederation, which took place on July 1, 1867. The day is a statutory holiday and the Canadian stock market is closed, making it a good time to check in on the five biggest gainers and losers so far this year.

CSE:IMCC