IM Cannabis Corp. shares rise 1.69% after-hours after filing a $50 million shelf registration statement with the SEC.

IM Cannabis Corp. rose 1.69% in after-hours trading, with the company announcing the filing and effectiveness of a shelf registration statement on Form F-3 with the Securities and Exchange Commission. This allows the company to offer and sell up to $50 million of its common shares, warrants, units, or a combination thereof, on a registered basis, subject to market conditions.