IM Cannabis Corp (TSE:IMCC) has released an update.
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IM Cannabis Corp (IMC) reported a number of significant developments in July 2024, including a financial boost through a short-term loan, a 6:1 consolidation of its common shares to stabilize its stock, and the successful settlement of fees with a third party. The company also announced its regained compliance with NASDAQ’s minimum bid price requirement, ensuring its continued listing. Meanwhile, management is honing its focus on growth in the Israeli and European cannabis markets, especially in medical cannabis distribution and retail, while re-launching premium cannabis strains in Israel.
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