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IM Cannabis plans 30-for-1 share consolidation to meet Nasdaq US$1 minimum bid rule
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IM Cannabis plans 30-for-1 share consolidation to meet Nasdaq US$1 minimum bid rule
  • IM Cannabis plans a 30-for-1 share consolidation, targeting an effective date of Aug. 27, 2026.
  • Nasdaq trading is expected to reflect the consolidation at the open on Aug. 27, subject to final exchange confirmation.
  • Share count is projected to drop to about 603,922 from 18,117,650, with fractions rounded or cancelled.
  • Move aims to lift the stock price to help meet Nasdaq’s US$ 1 minimum bid requirement by Oct. 6, 2026.


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: 202608181701PR_NEWS_USPR_____LN28797) on August 18, 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.
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