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IM Cannabis Corp. (C:IMCC)

Business Focus: N/A

Sector:  Healthcare Industry:  Pharmaceuticals
See Regulatory Filings on SEDAR
Company Contact
Address: 550 Burrard Street, Suite 2300
Tel: N/A
IR: See website
Key People
Marc Lustig
Executive Chairman of the Board
Oren Shuster
Chief Executive Officer, Director
Steven Michael Mintz
Chief Financial Officer
Business Overview
IM Cannabis Corp., formerly Navasota Resources Inc., is a Canada-based medical cannabis company. The company is focused on offering a full spectrum of government-licensed cannabis products, from generic to good manufacturing practice (GMP) certified and pharmaceutical-grade, for both wholesale and retail clients. The Company operates in the Israeli medical cannabis market by providing intellectual property and services to licensed producers. The Company has three wholly-owned subsidiaries: IMC, incorporated, IMC Portugal and IM Cannabis Canada Inc. The Company also has four partially-owned subsidiaries Adjupharm GmbH, IMC Ventures Ltd., Societe Amig Navasota Mining International S.A.R.L., and Africa Bauxite Corporation.
Financial Overview
For the six months ended 30 June 2021, IM CannabisCorp revenues increased from C$5.1M to C$19.9M. Net lossdecreased 99% to C$125K. Revenues reflect an increase indemand for the Company's products and services due tofavorable market conditions. Lower net loss reflectsFinance expense decrease of 89% to C$846K (expense),Research and development expenses decrease of 96% to C$6K(expense).
Reporting Currency: Canadian Dollars
Enterprise value: $296.06M as of Jun 30, 2021
Annual revenue (TTM): $30.67M as of Jun 30, 2021
EBITDA (TTM): -$26.72M as of Jun 30, 2021
Net annual income (TTM): -$18.83M as of Jun 30, 2021
Free cash flow (TTM): -$28.85M as of Jun 30, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 67,544,445 as of Sep 8, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization