IM Cannabis Corp (IMCC) to Acquire Oranim, Jerusalem's Leading Medical Cannabis Pharmacy

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IM Cannabis to Acquire Oranim, Jerusalem's Leading Medical Cannabis Pharmacy

December 1, 2021 8:17 AM EST

Transaction positions IM Cannabis as one of the largest retailers of medical cannabis in Israel; Retail segment combined annualized revenue of approximately $44 million

Oranim's trailing 12-month revenue approximately $16.5 million and gross margin approximately 25%[1] before recognizing synergies

TORONTO, ON and GLIL YAM, ISRAEL / ACCESSWIRE / December 1, 2021 / IM Cannabis Corp. (the "Company" or "IM Cannabis") (CSE: IMCC), (NASDAQ: IMCC), a leading medical and adult-use recreational cannabis company with operations in Israel,... More