IM Cannabis closes sale of IMC Holdings to Slil for C$3 million advance payment
IMCC•IM Cannabis closed the sale of IMC Holdings to Slil.com Holding on Sept. 29, exiting its Europe-focused operations. The deal included a prior C$3 million advance payment and leaves up to C$9.4 million in specified liabilities in IMC Holdings.
1. Sale completed
IM Cannabis closed the sale of IMC Holdings to Slil.com Holding on Sept. 29, 2026, exiting its Europe-focused operations. Consideration included a prior C$3 million advance payment, and no securities were issued or exchanged.
2. Financial impact
The transaction leaves up to C$9.4 million of specified liabilities in IMC Holdings, excluding liabilities held at operating subsidiaries. An unaudited pro forma analysis points to about C$3 million of improvement in shareholders’ equity, with working capital and leverage also expected to improve.
3. Israeli business focus
IM Cannabis plans to concentrate resources on its retained Israeli medical cannabis business while evaluating additional opportunities.
