IM Cannabis Closes Private Placement Raising C$5.6 Million

IM Cannabis Corp ( (IMCC) ) has shared an update.

On July 30, 2025, IM Cannabis Corp completed a private placement offering, raising approximately C$5.6 million through the sale of 2,050,000 units at C$2.74 per unit. Each unit includes one common share or a pre-funded warrant and a purchase warrant, with the proceeds intended for working capital and debt repayment. Additionally, on July 31, 2025, IM Cannabis entered into a consulting agreement with Pure Equity Ltd., issuing a warrant for 140,000 shares and a cash payment of $260,000 for consulting services related to the offering. This move is expected to bolster the company’s financial position and operational capabilities.

The most recent analyst rating on (IMCC) stock is a Buy with a $6.00 price target. To see the full list of analyst forecasts on IM Cannabis Corp stock, see the IMCC Stock Forecast page.

Spark’s Take on IMCC Stock

According to Spark, TipRanks’ AI Analyst, IMCC is a Neutral.

IM Cannabis Corp faces severe financial challenges, significantly impacting its stock score. However, the recent positive earnings call, highlighting profitability and growth in Germany, provides some optimism. Technical indicators show mixed signals, while valuation remains a concern due to ongoing losses.

To see Spark’s full report on IMCC stock, click here.

More about IM Cannabis Corp

IM Cannabis Corp is a company operating in the cannabis industry, primarily focusing on the production and distribution of cannabis products. The company is based in Israel and engages in various market activities related to cannabis cultivation and sales.

Average Trading Volume: 270,053

Technical Sentiment Signal: Hold

Current Market Cap: $8.24M

For detailed information about IMCC stock, go to TipRanks’ Stock Analysis page.