Today, IM Cannabis Corp Inc’s (NASDAQ: IMCC) stock rose $0.41, accounting for a 13.44% increase. IM Cannabis opened at $3.10 before trading between $3.85 and $3.10 throughout Thursday’s session. The activity saw IM Cannabis’s market cap rise to $197,435,672 on 459,925 shares -above their 30-day average of 81,508.
About IM Cannabis Corp
IMC is an MCO in the medical cannabis sector headquartered in Israel and with operations In Israel and Germany. Over the past decade, the Company believes that the IMC brand has become synonymous with quality and consistency in the Israeli medical cannabis market. The Company has also expanded its business to offer intellectual property-related services to the medical cannabis industry. In Europe, IMC operates through Adjupharm GmbH (“Adjupharm”), a German-based subsidiary and EU-GMP certified medical cannabis distributor. IMC’s European presence is augmented by strategic alliances with various pan-European EU-GMP cultivators and distributors to capitalize on the increased demand for medical cannabis products in Europe and bring the IMC brand and its product portfolio to European patients.