With Germany delivering accelerated growth after legalization, IMC is keeping all options open to maximize shareholder value
TORONTO and GLIL YAM, Israel, May 28, 2024 /CNW/ — IM Cannabis Corp. (CSE: IMCC) (NASDAQ: IMCC) (the “Company” or “IMC“), a leading medical cannabis company with operations in Israel and Germany, announces the termination of the preliminary term sheet signed on February 13, 2024 with Kadimastem Ltd a public company traded on the Tel Aviv Stock Exchange under the symbol (TASE:KDST) (“Kadimastem“).
“After the April 1st legalization in Germany, we are seeing that the accelerated growth in April is continuing through May. We believe this is just the beginning, as we anticipate that Germany could become one of the most significant legal markets in the world,” said Oren Shuster, Chief Executive Officer of IMC. “We are continuing to explore all options, focusing on providing the best value for our…
