IM Cannabis Corp. Receives Nasdaq Minimum Bid Price Notification

IM Cannabis Corp. has received a notification from Nasdaq indicating non-compliance with the minimum bid price requirement of $1.00 per share. The company has a 180-day period, until October 6, 2026, to regain compliance by achieving a minimum bid price of $1.00 for ten consecutive business days. Failure to comply may result in an additional 180-day period if other listing requirements are met, with a potential delisting if compliance is not achieved. The company intends to monitor its stock price and explore options to rectify the situation. The notification does not currently affect the trading of its shares on the Nasdaq Capital Market under the symbol "IMCC".