IM Cannabis raises US$225,000 in private placement convertible note financing
PUBT · 07/01 20:02
Share
Listen to the news
- IM Cannabis closed a private placement convertible note financing with an institutional investor for gross proceeds of USD 225,000.
- Note issued with a 10% original issue discount; interest set at 8%, rising to 14% on an event of default.
- Conversion price set at the lower of USD 0.15 or 90% of the lowest 20-day VWAP; floor price USD 0.03.
- Financing included warrants to buy 1,483,386 shares at an exercise price of CAD 0.22; expiry July 1, 2031.
- Net 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: IO96307) on July 01, 2026, and is solely responsible for the information contained therein.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending
No content on the Webull website shall be considered a recommendation or solicitation for the purchase or sale of securities, options or other investment products. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends.
Copyright © 2026 Webull. All Rights Reserved