Mergers & Acquisitions ·
IM Cannabis sells European ops for C$3M advance to CEO-controlled firm, retains C$9.4M liabilities
IMCCIM Cannabis Corp.
IM Cannabis Corp. closed the sale of its European-focused operations via IMC Holdings to Slil.com Holding Ltd., a company controlled by CEO Oren Shuster, on September 29, 2026. The transaction involved an advance payment of C$3 million and the transfer of liabilities capped at C$9.4 million, which are retained within IMC Holdings rather than assumed by the buyer. Management expects this restructuring to improve shareholders' equity by approximately C$3 million and streamline the corporate structure. Following the sale, the company intends to focus resources on its retained Israeli medical cannabis operations. IM Cannabis Corp. operates a medical cannabis platform serving patients in Israel through importation, distribution, retail pharmacies, and online delivery services.