IM Cannabis (NASDAQ:IMCC) has entered into a definitive agreement to sell IMC Holdings and its European-focused **** ets to Slil.com Holding, a transaction management expects to improve shareholders' equity by approximately C$3 million while reducing liabilities and simplifying the company's structure.
The proposed European **** et sale would leave IM Cannabis focused on its Israeli medical cannabis operations, but investors must also weigh the company's stated financial difficulties and the related-party nature of the deal.
IM Cannabis (NASDAQ:IMCC) expects the transaction to improve shareholders' equity by approximately C$3 million based on management's current pro forma **** ysis.
Slil will **** ume retained liabilities of up to approximately C$9.4 million, unless the parties mutually agree to an adjustment.
The consideration also includes C$3 million of advance payments previously made to IM Cannabis by Slil and an affiliate.
#Cannabis #european
The proposed European **** et sale would leave IM Cannabis focused on its Israeli medical cannabis operations, but investors must also weigh the company's stated financial difficulties and the related-party nature of the deal.
IM Cannabis (NASDAQ:IMCC) expects the transaction to improve shareholders' equity by approximately C$3 million based on management's current pro forma **** ysis.
Slil will **** ume retained liabilities of up to approximately C$9.4 million, unless the parties mutually agree to an adjustment.
The consideration also includes C$3 million of advance payments previously made to IM Cannabis by Slil and an affiliate.
#Cannabis #european
3 months ago
