IM Cannabis raises US$225,000 in private placement convertible note deal

PUBT · 1d ago
IM Cannabis raises US$225,000 in private placement convertible note deal
  • IM Cannabis closed a private placement raising USD 225,000 gross via a convertible note sold to an institutional investor.
  • Note issued with a 10% original issue discount; interest set at 8%, stepping up to 14% on an event of default.
  • Obligations are not repayable in cash; conversions satisfied solely through issuance of common shares.
  • Conversion price set at USD 3.33 or 90% of the 20-day low VWAP, subject to a USD 0.67 floor.
  • Financing included warrants for 77,855 common shares at an exercise price of CAD 4.63, expiring Sept. 2, 2031.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IM Cannabis Corp. published the original content used to generate this news brief via PR Newswire (Ref. ID: LN39364) on September 02, 2026, and is solely responsible for the information contained therein.