Im Cannabis Corp (TSE:IMCC) has released an update.
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IM Cannabis Corp. reports a 13% revenue increase in Q1 2024 compared to the previous quarter, alongside a significant 125% gross profit rise from Q4 2023, despite a decrease against the same quarter the previous year. The company is optimistic about growth prospects following cannabis legalization in Germany and is recovering from regional conflicts. Additionally, IM Cannabis is launching a private placement of secured convertible debentures to strengthen its financial position.
For further insights into TSE:IMCC stock, check out TipRanks’ Stock Analysis page.