IMC Reports First Closing of the Panaxia Acquisition and Provides Update on Canadian Business Activities theusnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theusnews.com Daily Mail and Mail on Sunday newspapers.
IM Cannabis Reports Record Q1 2021 Results
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Q1 2021 revenues of $8.8 million, an 80% sequential increase from Q4 2020 with
Gross margin of 53%
Strong sequential growth expected to continue with focus on further expanding premium product portfolio in Israel, contracted shipments into German market and inclusion of full quarter of Canadian sales following successful integration of Trichome
TORONTO, ON and GLIL YAM, ISRAEL / ACCESSWIRE /
May
Company ) (CSE:IMCC, NASDAQ:IMCC), a multi-country operator (
MCO ) in the medical and adult-use recreational cannabis sector with operations in Israel, Germany and Canada, is pleased to announce its unaudited financial results for the first quarter ended March 31, 2021. All figures are expressed in Canadian dollars unless otherwise indicated.
Q1 2021 revenues of $8.8 million, an 80% sequential increase from Q4 2020 with Gross margin of 53% Strong sequential growth expected to continue with focus on further expanding premium product portfolio
IM Cannabis Reports Record Q1 2021 Results newjerseytelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newjerseytelegraph.com Daily Mail and Mail on Sunday newspapers.
IM Cannabis Announces Closing of US$ 35 Million Equity Financing
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TORONTO, ON and GLIL YAM, ISRAEL / ACCESSWIRE / May 10, 2021 / IM Cannabis Corp. (
IMC or the
Company ) (CSE: IMCC), (NASDAQ: IMCC), a multi-country operator (
MCO ) in the medical and adult-use recreational cannabis sector with operations in Israel, Germany and Canada, is pleased to announce the closing of its previously announced overnight marketed offering (the
Offering ) of 6,086,956 common shares of the Company (each an
Offered Share ) at a price of US$5.75 per Offered Share for aggregate gross proceeds of approximately US$35,000,000. The Company also issued 3,043,478 common share purchase warrants (each a