IM Cannabis Prices $1.31M Direct Offering at $2.00 Per Share, Stock Falls Pre-Market

IM Cannabis Corp. (IMCC) said on September 23, 2026, it priced a registered direct offering of 655,000 common shares at $2.00 per share, raising about $1.31 million in gross proceeds before expenses. The company's stock traded lower in pre-market following the announcement. Net proceeds are expected to be used for general corporate and working capital purposes, though the company did not specify a detailed allocation. The offering is being made under an effective shelf registration statement. The share sale adds to dilution concerns for existing holders. Terms such as the closing date, placement agent, and use-of-proceeds breakdown were not immediately disclosed in the initial announcement.