IMCC agrees to divest its IMC Holdings subsidiary and European operations in a share purchase deal with Slil.com Holding Ltd.
IM Cannabis (IMCC) has entered a definitive agreement to sell all shares of IMC Holdings Ltd. to Slil.com Holding Ltd. The transaction includes a pre-closing reorganization of IMC Holdings’ Israeli operations before finalizing the deal.
The sale marks a strategic shift for IMCC, which has been restructuring its global assets amid regulatory and market challenges in the cannabis sector. No financial terms were disclosed in the announcement.
The agreement reflects ongoing consolidation in the cannabis industry as companies seek to streamline operations and focus on core markets.