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 announced plans to divest European assets, secured multiple convertible note financings, and explored entry into the U.S. market.

Company announcements

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.

June 18 IMC

IM Cannabis Corp. enters into LOI to sell European assets

The transaction is expected to reduce debt by CAD$10.5 million and streamline operations.

June 9 IMC

IMC files a resale registration statement with the SEC

The statement registers over 17 million common shares issuable upon conversion of notes and warrants.

May 13 IMC

IMC announces first quarter 2026 financial results

Revenue of $8.7 million, operating loss of $1.7 million, net loss of $2.5 million.

Media coverage

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...

17 June 2024 Nasdaq

IMC Germany Announces Outstanding Preliminary Q3, 2024 Performance with 50% Growth Over Q2

TORONTO and GLIL YAM, Israel, Oct. 2, 2024 /PRNewswire/ -- IM Cannabis Corp. (CSE: IMCC) (NASDAQ: IMCC) (the "Company", "IMCannabis", or "IMC"), a leading medical...

17 June 2024 Yahoo Finance

IM Cannabis Receives NASDAQ Notification of Regaining Compliance with Nasdaq's Minimum Bid Price Requirement

TORONTO and GLIL YAM, Israel, July 29, 2024 /PRNewswire/ -- IM Cannabis Corp. (CSE: IMCC) (NASDAQ: IMCC) (the "Company", "IMCannabis", or "IMC"), a leading medical...

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