IM Cannabis Corp (TSE:IMCC) has released an update.
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IM Cannabis Corp reported a significant 50% increase in revenue in its German subsidiary following the partial legalization of cannabis in Germany, highlighting a strong demand for cannabis products. The company also announced a private placement offering to raise funds and plans to use the proceeds to repay a loan. Additionally, IM Cannabis has introduced new high-THC cannabis strains in Israel, aiming to expand its market presence.
For further insights into TSE:IMCC stock, check out TipRanks’ Stock Analysis page.
