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ARTICLE · 30 MARCH 2022

IM Cannabis Closes Three Strategic Acquisitions In Israel

Gowling WLG
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On March 15, 2022, IM Cannabis Corp. ("IM Cannabis") (CSE: IMCC) (NASDAQ: IMCC) announced that it had completed three strategic acquisitions announced in 2021.

CanadaCannabis & Hemp
Peter Simeon
Peter Simeon
Josh Rosen
Josh Rosen
Jacob Cawker
Jacob Cawker
Cyndi Laval
Cyndi Laval
Josh Almario
Josh Almario
Navraj (Nav) Pannu
Navraj (Nav) Pannu
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On March 15, 2022, IM Cannabis Corp. ("IM Cannabis") (CSE: IMCC) (NASDAQ: IMCC) announced that it had completed three strategic acquisitions announced in 2021. The acquisitions were completed through IMC Holdings Ltd., a wholly-owned subsidiary of IM Cannabis and I.M.C Pharma Ltd., IMC Holdings' wholly-owned subsidiary, following receipt of all requisite approvals, including from the Israeli Medical Cannabis Unit ("IMCU").

IMC Holdings successfully completed the acquisition of 51% of the outstanding ordinary shares of Revoly Trading and Marketing Ltd., dba Vironna. Vironna ranks among the top 10 single cannabis dispensing points in Israel and is one of the largest pharmacies in Israel serving the rapidly growing Arab consumer segment of the medical cannabis market.

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