IM Cannabis Announces Closing of the Sale of IMC Holdings and Its European-Focused Operations, Strengthens Balance Sheet
IM Cannabis Corp. announced the closing of the sale of IMC Holdings and its European-focused operations to Slil.com Holding Ltd., completing a transaction previously announced in June and August 2026. The company said the transaction is expected to result in an improvement of approximately C$3 million in shareholders' equity, strengthening its balance sheet.
Why it matters — This divestiture of its European operations and the resulting C$3 million improvement in shareholders' equity signals a stronger balance sheet for IMCC investors following the completed sale.