Latest IMCannabis News & Updates

See the latest news and media coverage for IMC. We track all announcements, press releases, and industry mentions in real time, all in one place.

IMCannabis (IMC)

Medical cannabis company

imcannabis.com

Headquarters: Herzliya, Israel
Company type: Public company
Number of employees: 200–500
Industry: Healthcare Facilities & Services

Last updated Today

Latest news about IMCannabis (IMC)

In short: IMC agreed to sell its European assets and consolidated shares for Nasdaq compliance while securing convertible note financing.

Company announcements

August 27 IMC

IM Cannabis consolidates shares for renewed Nasdaq trading

The company adjusts its share structure to meet exchange listing requirements while maintaining its existing ticker symbol and operational focus in Israel and Germany.

August 18 IMC

IMC consolidates shares to meet Nasdaq compliance requirements

The company executes a 30-for-1 share consolidation to raise its stock price above the $1.00 minimum bid price requirement by late August 2026.

August 13 IMC

IMC announces Q2 and H1 2026 financial results

Revenue fell to $7.6 million in Q2 and $16.3 million in H1, with net losses of $4.4 million and $6.9 million.

July 1 IMC

IMC raises US$225,000 in convertible note financing

The note bears 8% interest and is convertible into common shares, with proceeds for general corporate purposes.

Media coverage

August 18 Stock Titan

IM Cannabis plans 30-for-1 reverse share split | IMCC SEC Filing - Form 6-K

30-for-1 reverse split is expected to cut IM Cannabis shares from 18.1M to about 604K as it targets Nasdaq’s $1 bid rule ahead of an...

August 17 MSN

IM Cannabis Agrees European Asset Sale as Transaction Targets C$3 Million Equity Improvement

IM Cannabis (NASDAQ:IMCC) has entered into a definitive agreement to sell IMC Holdings and its European-focused assets to Slil.com Holding, a transaction management expects to...

June 18 Yahoo Finance

IM Cannabis Corp. Enters into Letter of Intent to Sell its European Activities, Expects to Significantly Reduce Debt by CAD$10.5 million

IM Cannabis Corp. ("IMC" or the "Company") (NASDAQ: IMCC), a medical cannabis company with operations in Israel and Germany, is pleased to announce that it...

15 May 2025 Newswire.ca

IM Cannabis Reports First Quarter Financial Results

"Q1 2025 is a clear inflection point for IMC," said Oren Shuster, Chief Executive Officer of IMC. "Achieving net profitability and an 87% improvement in...

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