IM Cannabis Q1 FY26 net loss widens to C$2.5 million; revenue totals C$8.7 million
PUBT · 05/13 20:01
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- IM Cannabis posted Q1 results with revenue of CAD 8.7 million, gross profit of CAD 1.4 million.
- Operating loss totaled CAD 1.7 million, while net loss widened to CAD 2.5 million, or CAD 0.38 per share.
- General and administrative expenses fell 22% year over year as cost optimization initiatives continued.
- Liquidity was supported by convertible note financings completed during the quarter, with additional financings completed after quarter-end.
- Management reiterated focus on operational efficiencies, disciplined working capital management, and evaluation of strategic opportunities to support long-term growth.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IM Cannabis Corp. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202605131601PR_NEWS_USPR_____LN59117) on May 13, 2026, and is solely responsible for the information contained therein.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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