IMC Announces The Termination Of A Preliminary Term Sheet With Kadimastem
Portfolio Pulse from Benzinga Newsdesk
IM Cannabis Corp. (NASDAQ:IMCC) has announced the termination of a preliminary term sheet with Kadimastem Ltd. The company is focusing on maximizing shareholder value, especially with accelerated growth in Germany following legalization.
May 28, 2024 | 12:46 pm
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IM Cannabis Corp. has terminated its preliminary term sheet with Kadimastem Ltd. The company is now focusing on maximizing shareholder value, particularly with the accelerated growth in Germany following legalization.
The termination of the term sheet with Kadimastem Ltd. indicates a strategic shift for IMC. The focus on maximizing shareholder value and the growth in Germany could be positive, but the immediate impact on stock price is uncertain.
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