IM Cannabis to Acquire 51% Stake in Space Defense Innovations; IMCC Stock Jumps Pre-Market

IM Cannabis Corp. (IMCC) said on September 23, 2026, it signed a non-binding Letter of Intent to acquire 51% of the issued and outstanding equity securities of Space Defense Innovations LLC on a fully diluted basis. The company's shares surged in pre-market trading following the announcement. Financial terms of the proposed transaction were not disclosed. The deal remains subject to due diligence and the execution of a definitive agreement. The acquisition would give IM Cannabis a controlling interest in the defense-focused firm, marking a diversification beyond its core cannabis operations. Completion is contingent on customary closing conditions.