IM Cannabis Corp. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CAD 12.06 million compared to CAD 12.53 million a year ago.

Net loss was CAD 5.62 million compared to CAD 0.6 million a year ago. Basic loss per share from continuing operations was CAD 0.42 compared to CAD 0.05 a year ago. Diluted loss per share from continuing operations was CAD 0.42 compared to CAD 0.05 a year ago.