IM Cannabis Announces Intention to Complete 30:1 Share Consolidation to Support Nasdaq Minimum Bid Price Compliance
IM Cannabis Corp. announced that its board approved a 30:1 consolidation of its common shares, with an expected effective date of August 27, 2026, to help the company meet Nasdaq's minimum bid price requirement.
Why it matters — The share consolidation is a corporate action aimed at supporting IMCC's continued Nasdaq listing compliance, which watchers would track for its potential impact on the stock's trading structure.