IM Cannabis to Sell IMC Holdings; CAD$3M Equity Boost Expected
IM Cannabis Corp. announced a Share Purchase Agreement to sell IMC Holdings and European assets to Slil, with a pre-closing reorganization that leaves Israeli operations with IMCC. Management expects about CAD$3 million of improved shareholders’ equity and reduced liabilities, enabling a sharper focus on Israel’s medical cannabis business after closing, anticipated by September 30, 2026.
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