IM Cannabis reports Q3 EPS (C$0.16) vs (C$0.06) last year

Reports Q3 revenue C$38.106M vs C$39.874M last year. “As in the previous quarters, in Q3 2023, we continued towards our goal of sustainable profitability,” said Oren Shuster, Chief Executive Officer of IMC. “Our focus on premium and premium plus in the Israeli market, where we are market leaders. On the flip side, we had to adjust our portfolio accordingly, to clean out the slow-moving mid and low range stock, which increased our sales volumes, but affected both our revenue and gross margin this quarter.”