IM Cannabis 2024 net loss ticks up despite successful cost-cutting initiatives

IM Cannabis Corp. (NASDAQ: IMCC) (CSE: IMCC) reported a meaningful turnaround in its fourth quarter 2024, capping a year of repositioning with 25% revenue growth and its first quarterly adjusted EBITDA profit in recent history.

The medical cannabis company, which is jointly headquartered in Canada and Israel, generated C$13.3 million in...

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