IM Cannabis prices US$1.31 million registered direct share offering at US$2 per share
IMCC•Registered direct offering priced
IM Cannabis priced a registered direct offering of 655,000 common shares at US$2 per share.
Gross proceeds are expected to be about US$1.31 million before expenses, with closing targeted for about Sept. 24, 2026.
Use of proceeds and related-party note
Net proceeds are earmarked for working capital, general corporate purposes and potential business opportunities.
Some buyers may be related parties, and the board plans to rely on MI 61-101 financial hardship exemptions.
