IM Cannabis Q3 net loss widens 83% to C$7.08 million as revenue drops 68%
IMCC•IM Cannabis’ third-quarter 2026 net loss widened 83% year over year to C$7.08 million, while revenue fell 68% to C$1.65 million. The company sold its European-focused operations and is negotiating to acquire a 51% stake in Polish drone company Space Defense Innovations.
1. Quarterly results
IM Cannabis’ third-quarter 2026 net loss widened 83% year over year to C$7.08 million, and revenue dropped 68% to C$1.65 million. For the first nine months of 2026, its net loss more than tripled to C$13.93 million.
2. Operations and negotiations
The company completed the sale of its European-focused operations to Slil.com Holding on September 29, retaining its Israeli medical cannabis operations. It is negotiating a definitive agreement to acquire a 51% stake in Polish unmanned aerial systems company Space Defense Innovations.
