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IM Cannabis Corp. Announces First Quarter 2026 Financial Results
IM Cannabis Corp. ("IMC" or the "Company") (Nasdaq: IMCC), a medical cannabis company with operations in Israel and Germany, today announced its financial results for the first quarter ended March 31, 2026. All amounts were reported in Canadian dollars, unless otherwise stated.
About this update from Im Cannabis Corp.
[{"type":"text","content":"TORONTO and GLIL YAM, Israel, May 13, 2026 /PRNewswire/ -- IM Cannabis Corp. ("IMC" or the "Company") (Nasdaq: IMCC), a medical cannabis company with operations in Israel and Germany, today announced its financial results for the first quarter ended March 31, 2026. All amounts were reported in Canadian dollars, unless otherwise stated.","length":357,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/IM Cannabis Corp.)","displaySize":"","headline":null,"caption":"(PRNewsfoto/IM Cannabis Corp.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":400,"url":"https://media.zenfs.com/en/prnewswire.com/843332726b276681550e34319acab3d1"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/DbHPIwLh5rBfgXatPBZH8w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcwNTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/843332726b276681550e34319acab3d1","width":400,"height":400},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/CZqei1rwDl666hnQzwrXTA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTY0MDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/843332726b276681550e34319acab3d1","width":400,"height":400}},"href":"https://mma.prnewswire.com/media/1742228/IM_Cannabis_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"For the three months ended March 31, 2026, the Company recorded revenues of $8.7 million, gross profit of $1.4 million, operating loss of $1.7 million, and a net loss of $2.5 million, or $0.38 per share. The Company also continued to advance its cost optimization initiatives, reducing general and administrative expenses by 22% year-over-year. The Company also maintained its focus on working capital discipline and liquidity management, supported by convertible note financings completed during the quarter ended March 31, 2026, and additional financings completed following quarter-end.","length":589,"tagName":"p"},{"type":"text","content":"Management remains focused on operational efficiencies, disciplined working capital management, and the continued evaluation of strategic opportunities to enhance the Company's long-term growth.","length":198,"tagName":"p"},{"type":"text","content":"The full Interim Financial Statements and Management's Discussion and Analysis are available on SEDAR+ and EDGAR.","length":117,"tagName":"p"},{"type":"text","content":"About IMC ","...