About IMCannabis
IMCannabis is a company based in Herzliya (Israel) founded in 2008.. The company has 55 employees as of December 31, 2024. IMCannabis has completed 2 acquisitions, including Highland Grow and MYM Nutraceuticals. IMCannabis operates in a competitive market with competitors including ZYUS Life Sciences, Sanity Group, Terraflos, Avicanna and Little Green Pharma, among others.
- Headquarter Herzliya, Israel
- Employees 55 as on 31 Dec, 2024
- Stage Public
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Im Cannabis Corp.
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Annual Revenue
$39.44 M9.07as on Dec 31, 2024
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Net Profit
$-7.73 M-9.8as on Dec 31, 2024
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EBITDA
$-3.52 M48.26as on Dec 31, 2024
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Latest Funding Round
$1.54 M (USD), Post-IPO
Nov 12, 2024
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Investors
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Employee Count
55
as on Dec 31, 2024
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Investments & Acquisitions
Highland Grow
& 1 more
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IPO & Listings of IMCannabis
IMCannabis is a publicly listed company on the NASDAQ with ticker symbol IMCC in USA, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of IMCannabis
- Total Funding Total Funding
- Total Rounds 5
- Last Round Post-IPO — $1.5M
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First Round
First Round
(17 Jun 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Post-IPO - IMCannabis | Valuation |
investors |
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| Jan, 2023 | Amount | Post-IPO - IMCannabis | Valuation |
investors |
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| Oct, 2022 | Amount | Post-IPO - IMCannabis | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in IMCannabis
IMCannabis has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Marc Lustig. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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ML
Marc Lustig |
Angel investor and entrepreneur, focused on tech startups in India.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by IMCannabis
IMCannabis has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Highland Grow and MYM Nutraceuticals. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cannabis products are manufactured by Highland Grow in Canada.
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2018 | ||||
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Design-build services for cannabis cultivation facilities are provided.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - IMCannabis
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Imcannabis Comparisons
Competitors of IMCannabis
IMCannabis operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ZYUS Life Sciences, Sanity Group, Terraflos, Avicanna and Little Green Pharma, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cannabis-derived therapeutics for multiple indications are developed.
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| domain | founded_year | HQ Location |
Developer of cannabinoid-based pharmaceuticals and well-being products
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| domain | founded_year | HQ Location |
Medical cannabis products are provided based on GMP processes.
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| domain | founded_year | HQ Location |
Plant-derived cannabinoid products are developed for medical and consumer uses.
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| domain | founded_year | HQ Location |
Manufacturer of medicinal cannabis for therapeutic use
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Imcannabis
Frequently Asked Questions about IMCannabis
When was IMCannabis founded?
IMCannabis was founded in 2008 and raised its 1st funding round 12 years after it was founded.
Where is IMCannabis located?
IMCannabis is headquartered in Herzliya, Israel. It is registered at Herzliya, Central District, Israel.
Who is the current CEO of IMCannabis?
Oren Shuster is the current CEO of IMCannabis.
How many employees does IMCannabis have?
As of Dec 31, 2024, the latest employee count at IMCannabis is 55.
What is the annual revenue of IMCannabis?
Annual revenue of IMCannabis is $39.44M as on Dec 31, 2024.
What does IMCannabis do?
Developer of medical cannabis productss. It has developed strains oils, and products for various diseases like oncology, PTSD, epilepsy, Crohns colitis, ALS, fibromyalgia, multiple sclerosis, Parkinsons, Tourette, chronic pain, eating disorder, and others.
Who are the top competitors of IMCannabis?
IMCannabis's top competitors include Avicanna, ZYUS Life Sciences and Neocannbio.
Is IMCannabis publicly traded?
Yes, IMCannabis is publicly traded on NASDAQ under the ticker symbol IMCC.
How many acquisitions has IMCannabis made?
IMCannabis has made 2 acquisitions, including Highland Grow, and MYM Nutraceuticals.
Who are IMCannabis's investors?
IMCannabis has 1 investor. Key investors include Marc Lustig.
What is IMCannabis's ticker symbol?
The ticker symbol of IMCannabis is IMCC on NASDAQ.
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