IM Cannabis Corp. announced on May 28, 2025, its application for a voluntary delisting of its common shares from the Canadian Securities Exchange (CSE). The company's shares will continue to trade on the Nasdaq Capital Market under the symbol 'IMCC'.
The decision to delist from the CSE is driven by the company's belief that the trading volume on the CSE no longer justifies the expenses, administrative efforts, and regulatory burdens of maintaining a dual listing. This move is intended to create a central marketplace for its shares on Nasdaq.
The company anticipates that consolidating its listing on Nasdaq will ultimately benefit the long-term liquidity and shareholder value. Subject to CSE approval, the final trading day for IM Cannabis on the CSE is expected to be Monday, June 2, 2025.
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