IM Cannabis Corp. balance sheet

At the end of fiscal 2025, IM Cannabis Corp. had total assets of $23.1m, total liabilities of $25.8m and shareholders' equity of −$2.7m. It held $2.0m in cash against $11.8m of debt: net debt of $9.8m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

IM Cannabis Corp.: balance sheet, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	11	7	11	2	1	1	2
Receivables	0	1	11	2	4	4	3
Inventory	4	7	23	12	8	2	3
Total current assets	19	21	64	24	18	16	17
Goodwill	0	0	95	7	8	5	1
Total assets	24	30	225	45	37	27	23
Total current liabilities	2	5	40	25	25	24	25
Short-term debt	—	0	7	7	9	11	11
Long-term debt	—	0	0	0	0	0	1
Total debt	0	0	10	7	10	11	12
Total liabilities	4	20	65	27	27	25	26
Shareholders' equity	19	9	157	17	11	4	−3
Non-controlling interests and other (assets − liabilities − equity)	1	1	—	—	—	−1	—
Net debt (negative = net cash)	−11	−7	−1	5	8	11	10
Shares outstanding	—	4m	6m	8m	13m	3m	6m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from IM Cannabis Corp.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to IM Cannabis Corp.