Q3 2024 IM Cannabis Corp Earnings Call Transcript

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Nov 14, 2024

Nov 14, 2024 / 02:00PM GMT
Unidentified Corporate Representative IM Cannabis Corp

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The expansion of the market as well as I did in the last quarter. I would like to put this growth into perspective by taking you through the details of ourselves in Germany in 2024.

They clearly show that the strategic shift we made to concentrate our resources on the German market was the right one.

Our sales increased by over 200% in Q2 versus Q1 to reach $3.5 million in Q3. We again increased sales by 66% versus Q2 to reach $5.8 million in Q3.

Since Q2. We have been driving the market growth and are positioned among the top cannabis companies in Germany.

While I am very proud representing these numbers. Our focus in the last few months has actually been behind the scenes on building a solid foundation for 2025.

We stand the quarter leaning further into a clear target integration of the German and Israeli teams. The goal was to build a strong consistent supply chain and the laser focused on how to improve the efficiency and accuracy of how we use our resources.

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