Quarterly ResultMay 13, 2026, 05:01 PM
IM Cannabis Q1 2026 Revenue $8.7M; Net Loss $2.5M
AI Summary
IM Cannabis Corp. announced its financial results for the first quarter ended March 31, 2026, reporting revenues of $8.7 million and a net loss of $2.5 million, or $0.38 per share. The company continued its cost optimization initiatives, reducing general and administrative expenses by 22% year-over-year. Management remains focused on operational efficiencies, working capital discipline, and evaluating strategic opportunities, supported by convertible note financings completed during and after the quarter.
Key Highlights
- Q1 2026 revenue was $8.7 million, down from $12.5 million in Q1 2025.
- Gross profit for Q1 2026 was $1.4 million.
- Operating loss for Q1 2026 was $1.7 million.
- Net loss for Q1 2026 was $2.5 million, or $0.38 per share.
- General and administrative expenses were reduced by 22% year-over-year.
- Completed convertible note financings during and after the quarter to support liquidity.