IM Cannabis Corp. (IMCC) Form 6-K — Oct 2, 2026
IM Cannabis Corp. (Nasdaq: IMCC) closed on September 29, 2026 the sale of IMC Holdings and its European-focused operations to Slil.com Holding Ltd., an entity beneficially owned by the company's own CEO Oren Shuster. The transaction is expected to improve shareholders' equity by approximately C$3 million and remove liabilities from the balance sheet, with Retained Liabilities capped at C$9.4 million. The buyer paid a previously issued C$3,000,000 advance and assumed IMC Holdings with its liabilities; no company securities were issued or exchanged.
Key figures
- Closing date
- 2026-09-29
- Retained liabilities cap
- C$9,400,000
- Advance payment from buyer
- C$3,000,000
- Shareholders equity improvement
- approximately C$3 million
AI analysis
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