IM Cannabis Corp. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was CAD 14.17 million compared to CAD 8.04 million a year ago. Net loss was CAD 127.79 million compared to CAD 4.29 million a year ago. Basic loss per share from continuing operations was CAD 0.6 compared to basic earnings per share from continuing operations of CAD 0.3 a year ago. Diluted loss per share from continuing operations was CAD 0.6 compared to CAD 0.9 a year ago. Basic loss per share was CAD 18.1 compared to CAD 0.6 a year ago. Diluted loss per share was CAD 18.1 compared to CAD 1.8 a year ago.
For the nine months, sales was CAD 39.87 million compared to CAD 24.14 million a year ago. Net loss was CAD 155.86 million compared to CAD 4.87 million a year ago. Basic loss per share from continuing operations was CAD 1.9 compared to basic earnings per share from continuing operations of CAD 1.9 a year ago. Diluted loss per share from continuing operations was CAD 2.6 compared to CAD 2.4 a year ago. Basic loss per share was CAD 22.2 compared to CAD 1 a year ago. Diluted loss per share was CAD 22.2 compared to CAD 5.1 a year ago.