-+ 0.00%
-+ 0.00%
-+ 0.00%

IM Cannabis raises US$225,000 in private placement convertible note financing

PUBT·07/01/2026 20:02:16
Listen to the news
IM Cannabis raises US$225,000 in private placement convertible note financing
  • IM Cannabis closed a private placement convertible note financing with an institutional investor for gross proceeds of USD 225,000.
  • Note issued with a 10% original issue discount; interest set at 8%, rising to 14% on an event of default.
  • Conversion price set at the lower of USD 0.15 or 90% of the lowest 20-day VWAP; floor price USD 0.03.
  • Financing included warrants to buy 1,483,386 shares at an exercise price of CAD 0.22; expiry July 1, 2031.
  • Net proceeds earmarked for general corporate purposes.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IM Cannabis Corp. published the original content used to generate this news brief via PR Newswire (Ref. ID: IO96307) on July 01, 2026, and is solely responsible for the information contained therein.