Announcement • Jun 19
Oren Shuster entered into a non-binding letter of intent to acquire IMC Holdings Ltd. from IM Cannabis Corp. (NasdaqCM:IMCC) for approximately CAD 10.5 million. Oren Shuster entered into a non-binding letter of intent to acquire IMC Holdings Ltd. from IM Cannabis Corp. (NasdaqCM:IMCC) for approximately CAD 10.5 million on June 18, 2026. The consideration consists of the assumption of approximately CAD 10.5 million in debt. Following the transaction, IM Cannabis Corp. will retain its Israeli operations.
The transaction is subject to the approval of a special committee of the board of IM Cannabis Corp. and the execution of a definitive agreement. A special committee of independent directors was formed to review and evaluate the transaction. The company intends to rely on the financial hardship exemption under MI 61-101, which would exempt it from formal valuation and minority shareholder approval requirements.
Beta Finance T.Y.S Ltd. was commissioned to prepare a report to assist with determining the fairness of the transaction. Announcement • Jun 05
IM Cannabis Corp. announced that it has received $0.2025 million in funding from L.I.A. Pure Capital Ltd. IM Cannabis Corp. announced that it has entered into a note purchase agreement with an institutional investor and closed the private placement and issued convertible note in the principal amount of $225,000 at an issue discount of 10% for gross proceeds of $202,500 and warrants to purchase up to 781,250 common shares for aggregate proceeds of $202,500 on June 3, 2026. The transaction includes participation from returning investor, L.I.A. Pure Capital Ltd. The note bears interest at a rate of 8% per annum, increasing to 14% upon the occurrence and continuation of an event of default. The conversion price will be lower of $0.288 per share or 90% of the lowest daily volume-weighted average price during the 20 consecutive trading days preceding the conversion date, subject to a floor price of $0.0576. The warrant exercise price will be of $0.40 per share. The warrants became immediately exercisable upon their issuance date, June 3, 2026, and will expire after five years, on June 3, 2031. All securities issued under the financing described above are subject to a four month and one day hold period from the date of issuance. Reported Earnings • May 14
First quarter 2026 earnings released: CA$0.38 loss per share (vs CA$0.089 profit in 1Q 2025) First quarter 2026 results: CA$0.38 loss per share (down from CA$0.089 profit in 1Q 2025). Revenue: CA$8.68m (down 31% from 1Q 2025). Net loss: CA$2.28m (down CA$2.55m from profit in 1Q 2025). 
