Reported Earnings • 23h
First quarter 2026 earnings released: CA$0.38 loss per share (vs CA$0.089 profit in 1Q 2025) First quarter 2026 results: CA$0.38 loss per share (down from CA$0.089 profit in 1Q 2025). Revenue: CA$8.68m (down 31% from 1Q 2025). Net loss: CA$2.28m (down CA$2.55m from profit in 1Q 2025). Announcement • May 08
IM Cannabis Corp. announced that it has received $0.27 million in funding from L.I.A. Pure Capital Ltd. IM Cannabis Corp. announced that it has entered into a Note Purchase Agreement with an L.I.A. Pure Capital Ltd., institutional investor pursuant to which the Company issued to the Investor (A) a convertible note in the principal amount of US$300,000 at a purchase price equal to ninety percent 90% of the Subscription Amount; with an original issuance discount of 10% for gross proceeds of $270,000 and issued a warrant to purchase up to 1,127,820 Common Shares equal to a number of Common Shares determined by one hundred percent (100%) of the Subscription Amount divided by an exercise price of $0.26 per Common Share on May 7, 2026. The Note bears an interest rate of eight percent (8.0%) per annum accruing from the Closing Date (which shall increase to fourteen percent (14.0%) upon the occurrence of an Event of Default (as defined in the Note). The Note is not repayable in cash and the Company’s obligations thereunder will be satisfied solely through the issuance of Common Shares upon conversion of the Note in accordance with its terms. The number of Common Shares issuable upon any conversion of the principal amount under the Note is determined by dividing the applicable conversion amount by the conversion price (the “Conversion Price”). The Fixed Price set in the Note is $0.266. The Floor Price set in the Note is $0.05. No fractional Common Shares will be issued upon conversion, and any fractional amount will be rounded to the nearest $0.0001. This Note shall have no maturity date. The Warrant entitles its holder to purchase one Common Share (each, a “Warrant Share”) at an exercise price of $0.26 per Warrant Share. The Warrant became exercisable immediately upon its issuance date, May 7, 2026, and will be exercisable for a period of five (5) years, until May 7, 2031 (the “Termination Date”). If the Warrant is not exercised by the Termination Date, the Warrant will expire and be of no further force or effect. The Warrant and the Warrant Shares may not be traded for a period of four (4) months, unless permitted under applicable securities legislation. All securities issued under the financings described above are subject to: (i) a four month and one day hold period from the date of issuance and (ii) applicable legends as required pursuant to the U.S. Securities Act of 1933, as amended (the “Securities Act”). The private placements of the securities offered to the Lender were made in reliance on an exemption from (x) registration under Section 4(a)(2) of the Securities Act and (y) applicable Canadian securities laws. New Risk • Apr 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-CA$3.6m). Shareholders have been substantially diluted in the past year (102% increase in shares outstanding). Market cap is less than US$10m (US$2.14m market cap). 
