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IM Cannabis reports Q3 revenue drop to C$1.65M and net loss widening to C$7.08M amid restructuring moves

Company Fundamentals
14 Nov 2026, 00:10 WIB
PRNewsWire
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Bearish
IM Cannabis reports Q3 revenue drop to C$1.65M and net loss widening to C$7.08M amid restructuring moves

IM Cannabis Corp. announced a significant revenue decline to C$1.65 million and a net loss of C$7.08 million in Q3 2026, compared to higher revenue and smaller losses last year. The company completed the sale of its European operations and is focusing on its Israeli medical cannabis business, while negotiating to acquire a majority stake in a Polish drone company. These moves aim to improve financial health, including an expected C$3 million boost to shareholders' equity from the recent sale. The company faces risks but is restructuring to stabilize and grow its core medical cannabis platform in Israel.

IM Cannabis Corp.'s third quarter 2026 results show a net loss of C$7.08 million and a revenue decline to C$1.65 million. For readers following the health sector, here is Pluang's market snapshot as of Nov 14, 2026 04:11 WIB: out of 150 priced US health stocks, 71 rose and 75 fell. Notable movers include NVAX at USD 8.82 with a 1-day change of -11.62% and a Pluang order activity split of 48% Sell / 52% Buy, ALMS at USD 5.58 down 9.05%, and BFLY at USD 6.09 down 8.70%.

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