IM Cannabis plans 30-for-1 share consolidation to meet Nasdaq US$1 minimum bid rule
IMCC•30-for-1 consolidation planned for Aug. 27, 2026
IM Cannabis plans a 30-for-1 share consolidation, targeting an effective date of Aug. 27, 2026.
Nasdaq trading is expected to reflect the consolidation at the open on Aug. 27, subject to final exchange confirmation.
Share count is projected to drop to about 603,922 from 18,117,650, with fractions rounded or cancelled.
The move aims to lift the stock price to help meet Nasdaq’s US$1 minimum bid requirement by Oct. 6, 2026.
