IM Cannabis Corp. announced on July 1, 2025, that Nasdaq granted the company an extension to regain compliance with its Stockholders' Equity Requirement. The new deadline for compliance is October 6, 2025.
The company had previously received a notification on April 9, 2025, for not maintaining the minimum US$2.5 million in stockholders' equity required for continued listing on the Nasdaq Capital Market. IM Cannabis submitted its Compliance Plan to Nasdaq on May 23, 2025.
This extension means that the company's common shares will continue to trade on the Nasdaq Capital Market under the symbol 'IMCC' without immediate effect on its listing. IM Cannabis intends to take all reasonable measures to regain compliance with the Nasdaq Listing Rules.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.