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Side-by-side financial comparison of IM Cannabis Corp. (IMCC) and Mount Logan Capital Inc. (MLCI). Click either name above to swap in a different company.

Mount Logan Capital Inc. is the larger business by last-quarter revenue ($11.4M vs $9.3M, roughly 1.2× IM Cannabis Corp.). IM Cannabis Corp. runs the higher net margin — -1.5% vs -117.5%, a 115.9% gap on every dollar of revenue.

IM Cannabis Corp is a global cannabis enterprise focused on the cultivation, production, distribution and retail of medical and adult-use cannabis products. It runs business across core markets including North America, the European Union and Israel, offering branded cannabis goods, wellness derivatives and related consumer products to medical patients and recreational users.

180 Degree Capital Corp. is a publicly traded registered closed-end management investment company.

IMCC vs MLCI — Head-to-Head

Bigger by revenue
MLCI
MLCI
1.2× larger
MLCI
$11.4M
$9.3M
IMCC
Higher net margin
IMCC
IMCC
115.9% more per $
IMCC
-1.5%
-117.5%
MLCI

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
IMCC
IMCC
MLCI
MLCI
Revenue
$9.3M
$11.4M
Net Profit
$-141.6K
$-13.4M
Gross Margin
27.0%
Operating Margin
-2.8%
-97.3%
Net Margin
-1.5%
-117.5%
Revenue YoY
-13.9%
Net Profit YoY
94.4%
EPS (diluted)
$-1.64

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
IMCC
IMCC
MLCI
MLCI
Q3 25
$11.4M
Q2 25
$9.3M
Q2 24
$10.8M
Net Profit
IMCC
IMCC
MLCI
MLCI
Q3 25
$-13.4M
Q2 25
$-141.6K
Q2 24
$-2.5M
Gross Margin
IMCC
IMCC
MLCI
MLCI
Q3 25
Q2 25
27.0%
Q2 24
5.7%
Operating Margin
IMCC
IMCC
MLCI
MLCI
Q3 25
-97.3%
Q2 25
-2.8%
Q2 24
-19.5%
Net Margin
IMCC
IMCC
MLCI
MLCI
Q3 25
-117.5%
Q2 25
-1.5%
Q2 24
-23.4%
EPS (diluted)
IMCC
IMCC
MLCI
MLCI
Q3 25
$-1.64
Q2 25
Q2 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IMCC
IMCC
MLCI
MLCI
Cash + ST InvestmentsLiquidity on hand
$579.6K
Total DebtLower is stronger
$73.4M
Stockholders' EquityBook value
$3.0M
$131.2M
Total Assets
$30.0M
$1.6B
Debt / EquityLower = less leverage
0.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IMCC
IMCC
MLCI
MLCI
Q3 25
Q2 25
$579.6K
Q2 24
$511.0K
Total Debt
IMCC
IMCC
MLCI
MLCI
Q3 25
$73.4M
Q2 25
Q2 24
Stockholders' Equity
IMCC
IMCC
MLCI
MLCI
Q3 25
$131.2M
Q2 25
$3.0M
Q2 24
$4.0M
Total Assets
IMCC
IMCC
MLCI
MLCI
Q3 25
$1.6B
Q2 25
$30.0M
Q2 24
$29.4M
Debt / Equity
IMCC
IMCC
MLCI
MLCI
Q3 25
0.56×
Q2 25
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IMCC
IMCC
MLCI
MLCI
Operating Cash FlowLast quarter
$-25.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IMCC
IMCC
MLCI
MLCI
Q3 25
$-25.6M
Q2 25
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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