IM Cannabis Revenue In 2021 Grows 242% to $43.38MPosted by On

IM Cannabis Corp. IMCC IMCC released financial results for the three months and fiscal year ended December 31, 2021.

  • Full Year 2021Financial Highlights

  • Revenues in 2021 were CA$54.3 million ($43.38 million), representing an increase of 242% from 2020.

  • Gross profit, before fair value adjustments, was CA$11.9 million in 2021 compared to CA$8.8 million in 2020.

  • General and administrative expenses were CA$32.2 million in 2021 compared to CA$11.5 million in 2020.

  • Selling and marketing expenses were CA$8.9 million in 2021 compared to CA$3.8 million in 2020.

  • Adjusted EBITDA was CA$(22.0) million in 2021 compared to CA$(4.9) million in 2020.

  • Net loss was CA$18.5 million in 2021 compared to a net loss of CA$28.7 million in 2020.

  • Cash and cash equivalents totaled CA$13.9 million at December 31, 2021, compared to CA$8.9 million at December 31, 2020.

Q4 Financial Highlights

  • Revenues were CA$20.0 million in Q4 2021, representing an increase of 309% from Q4 2020 and 35% sequentially.

  • Gross profit, before fair value adjustments, was CA$3.8 million in Q4 2021 compared to CA$2.8 million in Q4 2020.

  • General and administrative expenses were CA$11.5 million in Q4 2021 compared to CA$4.2 million in Q4 2020.

  • Selling and marketing expenses were CA$3.8 million in Q4 2021 compared to CA$1.4 million in Q4 2020.

  • Adjusted EBITDA was CA$(8.3) million in Q4 2021 compared to CA$(2.4) million in Q4…

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IM Cannabis Corp. IMCC IMCC released financial results for the three months and fiscal year ended December 31, 2021.

  • Full Year 2021Financial Highlights

  • Revenues in 2021 were CA$54.3 million ($43.38 million), representing an increase of 242% from 2020.

  • Gross profit, before fair value adjustments, was CA$11.9 million in 2021 compared to CA$8.8 million in 2020.

  • General and administrative expenses were CA$32.2 million in 2021 compared to CA$11.5 million in 2020.

  • Selling and marketing expenses were CA$8.9 million in 2021 compared to CA$3.8 million in 2020.

  • Adjusted EBITDA was CA$(22.0) million in 2021 compared to CA$(4.9) million in 2020.

  • Net loss was CA$18.5 million in 2021 compared to a net loss of CA$28.7 million in 2020.

  • Cash and cash equivalents totaled CA$13.9 million at December 31, 2021, compared to CA$8.9 million at December 31, 2020.

Q4 Financial Highlights

  • Revenues were CA$20.0 million in Q4 2021, representing an increase of 309% from Q4 2020 and 35% sequentially.

  • Gross profit, before fair value adjustments, was CA$3.8 million in Q4 2021 compared to CA$2.8 million in Q4 2020.

  • General and administrative expenses were CA$11.5 million in Q4 2021 compared to CA$4.2 million in Q4 2020.

  • Selling and marketing expenses were CA$3.8 million in Q4 2021 compared to CA$1.4 million in Q4 2020.

  • Adjusted EBITDA was CA$(8.3) million in Q4 2021 compared to CA$(2.4) million in Q4…



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