IM Cannabis announces intention to complete consolidation

IM Cannabis announces that the board of directors of the Company has approved a consolidation of its issued and outstanding common shares on the basis of one post-consolidated Common Share for every six pre-consolidated Common Shares. The Board has set July 12, 2024 as the effective date of the Consolidation and anticipates the Common Shares to trade on a post-consolidated basis effective July 12, 2024, subject to final confirmation from the Canadian Securities Exchange and Nasdaq Stock Market. Upon the competition of the Consolidation, the CUSIP and ISIN of the Common Shares will be changed to 44969Q406 and CA44969Q4060, respectively. The Company’s name and stock symbols shall remain unchanged.