IM Cannabis Corp (TSE:IMCC) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
IM Cannabis Corp. (IMCC) has terminated its preliminary agreement with Kadimastem Ltd and will repay the loan with interest by July 31, 2024. The company has also launched a private placement of convertible debentures totaling over $2 million to fuel its growth in Germany, with CEO Oren Shuster personally investing $237,214 in the debentures. Additionally, IMCC is refocusing its business strategy by exiting the Canadian market to concentrate on Israeli and German operations, with the release of new premium cannabis strains in Israel.
For further insights into TSE:IMCC stock, check out TipRanks’ Stock Analysis page.