IM Cannabis Announces Closing of the Sale of IMC Holdings and Its European-Focused Operations, Strengthens Balance Sheet
Why now
Thesis: Small-cap deleveraging via divestiture, marginal positive
Catalyst to watch: Closing proceeds and further asset sales
Main risk: Remaining core business still cash-burning
Why it matters
Divesting European operations and improving equity by roughly C$3 million strengthens a small-cap cannabis balance sheet.
Details
Transaction Expected to Result in an Improvement of Approximately C$3 Million in Shareholders' Equity VANCOUVER, BC and GLIL YAM, Israel, Sept. 29, 2026 /PRNewswire/ -- IM Cannabis Corp. (the "Company") (NASDAQ: IMCC), today announced that, further to its press releases dated June 18,...
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- prnewswire · 2026-09-29 11:07 UTC