• IM Cannabis closed a US$300,000 convertible note private placement with an institutional investor, lifting total gross proceeds from recent similar note financings to US$550,000.
• Second Note carries 8% annual interest, rising to 14% on default; it is not repayable in cash and converts into common shares.
• Conversion price set at lower of US$0.27 per share or 90% of lowest daily VWAP over 20 trading days before conversion, subject to a US$0.05 floor.
• Financing included warrants for up to 1,127,820 shares at an exercise price of C$ 0.36, expiring May 7, 2031.
• Proceeds earmarked for 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: LN54531) on May 07, 2026, and is solely responsible for the information contained therein.