IM Cannabis signs deal to sell IMC Holdings, European assets to Slil.com Holding
IMCC•Deal to sell IMC Holdings and European assets
IM Cannabis agreed to sell IMC Holdings to Slil.com Holding, shifting its European-focused assets while keeping its Israeli medical cannabis operations.
Slil previously paid CAD 3 million in advances; it will also assume retained liabilities capped at about CAD 9.4 million, subject to adjustments.
The deal is expected to lift shareholders’ equity by about CAD 3 million, cut liabilities, improve working capital, and simplify the structure.
Closing requires completion of a pre-closing reorganization, a tax certificate from the Israel Tax Authority, and other consents.
The outside date for closing is Sept. 30, 2026.
