- IM Cannabis (NASDAQ:IMCC) on Friday said that its board has approved the consolidation of its issued and outstanding shares on the basis of 1 post-consolidated common share for every 6 pre-consolidated common shares.
- The company added that July 12, 2024, has been set as the effective date of the consolidation.
- Post consolidation, the common shares will be reduced from 13.4M shares to 2.2M shares.
- Press release.
2024-07-05