IM Cannabis Proposes $50 Million Mixed Securities Shelf to Bolster Funding

LOS ANGELES- IM Cannabis Corp. a Canada-based medical cannabis provider operating in Israel and Germany, has filed a registration statement for a mixed securities shelf worth up to USD 50 million. The filing, submitted June 26 to the U.S. Securities and Exchange Commission, enables the company to issue common shares, preferred shares, debt securities, warrants, or units as market conditions warrant.

The shelf provides IM Cannabis with enhanced financial flexibility to strengthen its balance sheet, reduce existing liabilities, fund operations or support business expansion. The filing does not commit the company to a specific issuance or terms; any actual offering will be subject to market demand, board approval, and the filing of a definitive prospectus. There is no timeline established for launching the offering .

IM Cannabis reported a modest share price increase following the announcement, trading around USD 2.85—up approximately 2.7% on the Nasdaq—and Nasdaq-listed IMCC currently sits within a 52-week range of USD 1.29 to USD 7.12, with a market capitalization near USD 8.8 million.