IM Cannabis (IMCC, Financial) has initiated steps to voluntarily remove its common shares from the Canadian Securities Exchange (CSE). This move, however, will not impact its presence on Nasdaq, where trading will continue under the symbol “IMCC”. The decision stems from the desire to avoid unnecessary expenditures and approvals linked to potential transactions, which could become cumbersome if the company remains dual-listed.
IM Cannabis considers the trading activity on the CSE insufficient to justify the associated costs and administrative tasks. By focusing solely on Nasdaq, the company aims to establish a centralized marketplace that could enhance the liquidity and overall shareholder value in the long term. Shareholders will maintain the ability to trade IMCC shares on Nasdaq without interruption.
The company appreciates the opportunities provided by the CSE for its initial public access. The delisting is anticipated to take…
