Mergers & Acquisitions ·
On August 16, 2026, IM Cannabis Corp. entered into a definitive agreement to sell its European-focused assets via IMC…
IMCCIM Cannabis Corp.
On August 16, 2026, IM Cannabis Corp. entered into a definitive agreement to sell its European-focused assets via IMC Holdings to Slil.com Holding Ltd., controlled by CEO Oren Shuster. The transaction consideration includes the acknowledgment of C$3 million in prior advance payments and Slil's assumption of liabilities not exceeding C$9.4 million. No new securities will be issued. The deal is expected to improve shareholders' equity by approximately C$3 million, reduce debt, and allow IM Cannabis to focus on its core Israeli medical cannabis operations. Closing is subject to customary conditions, including tax authority approval, with an outside date of September 30, 2026. This filing discloses a significant strategic divestiture and related-party transaction for a company operating in the international medical cannabis industry.