IM Cannabis Doubles Down On Germany Following Legalization Policy Change, Reports YoY Drop In Q1 Gross Profit And Revenue
IM Cannabis Doubles Down On Germany Following Legalization Policy Change, Reports YoY Drop In Q1 Gross Profit And Revenue
IM Cannabis Corp. (NASDAQ:IMCC) (CSE:IMCC) reported a 13% sequential increase in revenue for the three months ended March 31, 2024, hitting CA$10.7 million ($7.8 million). That is, however, a 4% decrease compared to the same quarter of last year.
IM Cannabis Corp.（納斯達克股票代碼：IMCC）（加拿大證券交易所代碼：IMCC）報告稱，截至2024年3月31日的三個月中，收入連續增長13％，達到1,070萬加元（合780萬美元）。但是，與去年同期相比，下降了4％。
Oren Shuster, the company's CEO, said IM Cannabis will double down on Germany now that recent approvals from both the German Bundesrat and Bundestag legalized the possession of marijuana.
該公司首席執行官奧倫·舒斯特表示，鑑於德國聯邦參議院和聯邦議院最近的批准使擁有大麻合法化，IM Cannabis將在德國加倍努力。
"With the April 1st cannabis legalization in Germany, we are augmenting our focus and resources on the German market, where we expect to see the biggest growth potential and the best return on investment," Shuster said. "While it is still too early to make any predictions, our sales in Germany almost doubled during April."
舒斯特說：“隨着4月1日德國大麻合法化，我們正在增加對德國市場的關注和資源，我們預計德國市場的增長潛力最大，投資回報率最高。”“儘管現在做出任何預測還爲時過早，但我們在德國的銷售額在4月份幾乎翻了一番。”
See also: IM Cannabis' Q4 Revenue: Gross Profit Drops Due To Negative Impact Of Israel-Hamas War, Sees Germany As Growth Opportunity
另見：IM Cannabis的第四季度收入：由於以色列-哈馬斯戰爭的負面影響，毛利潤下降，將德國視爲增長機會
German cannabis legalization was one of the hot topics at last month's Benzinga cannabis event in Florida. The 19th Benzinga Cannabis Capital Conference, returns to Chicago this Oct. 8-9. Get your tickets now before prices surge by following this link.
德國大麻合法化是上個月在佛羅里達州舉行的Benzinga大麻活動的熱門話題之一。第19屆Benzinga大麻資本會議將於10月8日至9日重返芝加哥。點擊此鏈接，立即在價格飆升之前獲取門票。
Q1 2024 Financial Highlights
2024 年第一季度財務摘要
- Revenues were CA$12.1 million compared to CA$12.5 million in the first quarter of 2023, a decrease of 3% year-over-year.
- Gross profit was CA$1.8 million, compared to CA$2.9 million in Q1 2023, a decrease of 39%.
- The total dried flower sold was approximately 1,873 kg with an average selling price of CA$5.68 per gram, compared to approximately 1,842kg in the prior year's quarter, with an average selling price of CA$6.59 per gram.
- Total operating expenses were CA$7.4 million compared to CA$6.5 million in the same quarter of 2023.
- Selling, general and administrative expenses were CA$2.3 million, representing a year-over-year decrease of 28%.
- Selling and marketing expenses were CA$2.3 million, compared to CA$2.8 million in the first quarter of 2023.
- Net Loss from continuing operations was CA$6 million, compared to CA$0.9 million in the prior year's period.
- Non-IFRS adjusted EBITDA loss was CA$2.1 million, compared to an Adjusted EBITDA loss of CA$1.9 million in the first quarter of 2023, representing an increase of 10% year-over-year.
- Cash and cash equivalents as of March 31, 2024, were CA$1 million compared to CA$1.8 million in Dec. 31, 2023.
- Total assets as of March 31, 2024, were CA$41.1 million, compared to CA$48.8 million in Dec. 31, 2023, representing a decrease of 16% year-over-year.
- Total liabilities as of March 31, 2024, were CA$32.8 million, compared to CA$35.1 on Dec. 31, 2023, representing a decrease of about 7%.
- 收入爲1,210萬加元，而2023年第一季度爲1,250萬加元，同比下降3％。
- 毛利爲180萬加元，而2023年第一季度爲290萬加元，下降了39％。
- 乾花的總銷量約爲1,873千克，平均售價爲每克5.68加元，而去年同期約爲1,842千克，平均售價爲每克6.59加元。
- 總運營支出爲740萬加元，而2023年同期爲650萬加元。
- 銷售、一般和管理費用爲230萬加元，同比下降28％。
- 銷售和營銷費用爲230萬加元，而2023年第一季度爲280萬加元。
- 持續經營業務的淨虧損爲600萬加元，而去年同期爲90萬加元。
- 非國際財務報告準則調整後的息稅折舊攤銷前利潤虧損爲210萬加元，而2023年第一季度調整後的息稅折舊攤銷前利潤虧損爲190萬加元，同比增長10％。
- 截至2024年3月31日，現金及現金等價物爲100萬加元，而2023年12月31日爲180萬加元。
- 截至2024年3月31日，總資產爲4,110萬加元，而2023年12月31日爲4,880萬加元，同比下降16％。
- 截至2024年3月31日，總負債爲3,280萬加元，而2023年12月31日爲351加元，下降了約7％。
IMCC Price Action
IMCC 價格走勢
IM Cannabis' shares traded 7.48% lower at $0.7398 per share at the time of writing on Wednesday morning.
在週三上午撰寫本文時，IM Cannabis的股價下跌7.48％，至每股0.7398美元。
Now read: Cannabis Market Evolves In Israel Amid War With Hamas, New Merger On The Horizon
立即閱讀：在與哈馬斯的戰爭中，以色列的大麻市場不斷髮展，新的合併即將到來
譯文內容由第三人軟體翻譯。