IM Cannabis to Become First Israeli Medical Cannabis Operator to List on CSE and Provides Update on Operations in Europe and Israel

IM Cannabis to Become First Israeli Medical Cannabis Operator to List on CSE and Provides Update on Operations in Europe and Israel

TORONTO and GLIL YAM, Israel, Nov. 5, 2019 IMC is the first Israeli medical cannabis company to list its shares in Canada and will trade under the ticker “IMCC” on the Canadian Securities Exchange The Company recently completed a private placement for gross proceeds of over CAD$20 million to bolster its footprint across Europe, including Germany, Portugal and Greece Initial shipment from the EU-GMP facility in Europe to Germany is expected in Q2 2020 TORONTO and GLIL YAM, Israel, Nov. 5, 2019 /CNW/ – IM Cannabis Corp. (the “Company” or “IMC”), one of the world’s pioneering medical cannabis companies with operations across Europe,  is pleased to announce that its common shares are set to commence trading today under the ticker “IMCC” on the Canadian Securities Exchange (the “CSE”). IMC becomes the first Israeli medical cannabis operator to list its shares in Canada. The listing follows the recent completion of its reverse takeover by Israeli-based IMC Holdings Ltd. that included a private placement offering of subscription receipts for gross proceeds of approximately CAD$20.4 million. The Company is also pleased to report progress in expanding its cultivation and distribution network across the fast-growing European Union (“EU”). “The team at IMC has done exceptionally well to position the Company as a market leader in the EU,” said Oren Shuster, Chief Executive Officer. “Against a backdrop of…

Excerpt only …
READ MORE BELOW
Source : New feed
Link to original : IM Cannabis to Become First Israeli Medical Cannabis Operator to List on CSE and Provides Update on Operations in Europe and Israel
reposted by Cannabis News World

This site uses Akismet to reduce spam. Learn how your comment data is processed.