IM Cannabis Raises US$ 1.2 Million in Convertible Note Financing

Bitget2026/11/04 21:08

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IM Cannabis closed a USD 1.2 million convertible note financing with an existing institutional investor.
The convertible promissory note carries 4% annual interest and a 15% original issue discount.
Maturity is 28 months, with repayment in 10 equal monthly installments beginning after month 18.
Conversion is priced at the lower of USD 0.61 or 85% of the lowest 20-day VWAP, subject to a USD 0.1449 floor.
Net proceeds will fund general corporate purposes.

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: LN89382) on November 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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IM Cannabis Raises US$ 1.2 Million in Convertible Note Financing

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