Im Cannabis Corp (TSE:IMCC) has released an update.
IM Cannabis Corp, a key player in the Israeli and German medical cannabis markets, has opted not to complete the payment for its shares in Oranim Pharmacy, returning the 51% stake to the seller to concentrate efforts on the burgeoning German market post-legalization. The strategic pivot reflects the company’s commitment to investing in high-growth potential areas, having recently ceased operations in Canada to focus on its core markets. IMC leverages a global ecosystem, including a data-driven approach and a comprehensive product supply chain, to ensure quality and patient satisfaction.
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