IM Cannabis Corp. (NASDAQ:IMCC) Q4 2022 Earnings Conference Call March 29, 2023 9:00 AM ET
Company Participants
Maya Lustig - Director of Investor and Public Relations
Oren Shuster - Chief Executive Officer
Shai Shemesh - Chief Financial Officer
Conference Call Participants
Aaron Grey - Alliance Global Partners
Scott Fortune - Roth Capital Partners
Operator
Good day, and welcome to IM Cannabis' Fourth Quarter and Full Year 2022 Earnings Conference Call. Today's conference call is being recorded.
At this time, I would like to turn the conference over to Maya Lustig, Director of Investor and Public Relations.
Maya Lustig
Thank you, operator. Joining me today are IM Cannabis Chief Executive Officer, Oren Shuster and Chief Financial Officer, Shai Shemesh. The earnings release that accompanies this call is available on the Investor Relations section of our website at investors.imcannabis.com.
Today’s call will include estimates and other forward-looking information and statements, including statements concerning future revenues, results from operations, financial positions, markets, economic conditions, product releases, partnerships and any other statements that may be constructed as a prediction of future performance. The information may involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied by such statements. Factors that could cause or contribute to such differences are described in detail in the company’s most recent filings available on SEDAR at www.sedar.com and EDGAR at www.sec.gov.
Furthermore, certain non-IFRS measures will be referred to during this call. The company believes that the presentation of this non-IFRS information provides useful supplementary data concerning the company’s ongoing operation and is provided for informational purposes only. Any estimates or forward-looking information or statements provided are accurate only as of the date of this call and the company undertakes no obligation to publicly update any forward-looking information or statements or supply new information regarding the circumstances after the date of this call. Please note that all references on this call reflect currency in Canadian dollars.
With that, it is my pleasure to turn the call over to Oren Shuster, CEO of IM Cannabis. Oren, please go ahead.
Oren Shuster
Thank you, Maya. Good morning, everyone and thank you for joining us today. 2022 was transformational year for us. We proved our flexibility, our ability to adjust quickly to market dynamics, we made strategic choices better focusing on our business model and priorities, we started shifting from vertically integrated model, while enhancing our strategic position higher up in the value chain, focusing on meeting patients, and pharmacies needs, we have anticipated the growing demand for premium products and build our competitive advantages through sourcing and import capabilities, fueled by strategic alliances with top of the line Canadian suppliers.