Noticias y eventos de IM Cannabis Corp (IMCC)IMCCIM Cannabis Corp

Selling Stockholders Offer 2.8M Common Shares

This filing relates to the offer and sale from time to time by the selling stockholders of up to 2.8M common shares. The company is not selling any shares under this prospectus and will not receive any of the proceeds from the sale of shares by the selling stockholders.

IM Cannabis Issues 655,000 Shares at $2 Each

IM Cannabis announced that it has entered into securities purchase agreements with certain accredited investors for the purchase and sale of 655,000 common shares at a purchase price of $2.00 per share, pursuant to a registered direct offering, resulting in gross proceeds of approximately $1.31M at closing before offering expenses. The closing of the offering is expected to occur on or about September 24, subject to the satisfaction of customary closing conditions.

IM Cannabis Signs LOI to Acquire 51% Stake in Space Defense

IM Cannabis announced that it has entered into a non-binding Letter of Intent, or LOI, to acquire 51% of the issued and outstanding equity securities of Space Defense Innovations, a Polish limited liability company, on a fully diluted basis. SDI, through its wholly owned subsidiary BlueAero Group, operates in the unmanned aerial systems, or UAS, sector, is a reseller and, upon receipt of applicable regulatory licenses, is expected to become a manufacturer of BlueBird Aero Systems' tactical UAS and unique Hybrid Fixed-Wing VTOL-UAS Products in Europe with exclusivity in Poland. The transaction aligns with the Company's stated objective of evaluating and building technology-driven businesses beyond its core medical cannabis operations in Israel and Germany. Under the terms of the LOI, IMCC will acquire 51% of SDI for a combination of IMCC common shares and/or pre-funded warrants, plus a 24-month seller loan bearing 9% annual interest with 100% warrant coverage on the principal. IMCC will also receive a five-year call option to acquire the remaining SDI shares at the same valuation, the right to appoint a majority of SDI's board, and will provide SDI at closing with an on-demand line of credit of up to EUR 2.3M convertible at IMC's discretion into SDI shares at the fair-market valuation established at closing, subject to a minimum company valuation of no less than $5M supported by an independent valuation report. The parties aim to execute definitive agreements within 60 days. The LOI is non-binding except for customary confidentiality, exclusivity, and governing law provisions. Closing remains subject to satisfactory due diligence, negotiation of definitive agreements, receipt of all required corporate, governmental and third-party approvals, assignment of certain key commercial agreements, and other customary conditions.