IM Cannabis Corp. announced on July 9, 2025, the appointment of Mr. Oz Adler to its board of directors, effective July 6, 2025. Mr. Adler brings extensive financial and strategic expertise, including public company leadership and M&A experience, to the board.
The company also secured a loan agreement with L.I.A. Pure Capital Ltd., receiving an initial US$1 million on July 9, 2025. An additional US$1 million may be received by September 4, 2025, subject to certain conditions.
The loan bears an annual interest rate of 8% plus VAT and is repayable by June 30, 2026. It is secured by a pledge over 100% of the issued and outstanding shares of IMC Holdings Ltd., a wholly owned subsidiary of the company. IM Cannabis has committed to making best efforts to raise at least US$3 million within 60 days through an underwritten offering.
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