IMC to Become First Israeli Medical Cannabis Firm Trading on CSE


Common shares of IM Cannabis, a medical cannabis company with operations across Europe, are set to commence trading on November 5 under the ticker “IMCC” on the Canadian Securities Exchange.

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IMC will become the first Israeli medical cannabis operator to become publicly listed in Canada. The listing follows the recent completion of its reverse takeover by Israeli-based IMC Holdings that included a private placement offering of subscription receipts for aound C$20.4 million.

IMC is a medical cannabis company and is a well-known Israeli brand of medical cannabis products. In Europe, IMC is building a vertically-integrated medical cannabis business led by its distribution arm in Germany.

IMC intends to establish a foothold in emerging medical cannabis markets including Germany, Portugal and Greece. The company’s core Israeli business includes offering branding, know-how and other intellectual property-related services to the Israeli medical cannabis market. Its key assets in Israel include commercial agreements with licensed producers and an option to purchase licensed entities.

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