IM Cannabis Corp. Soars 13.38% on Reverse Split, Strategic Moves

On June 18, 2025, IM Cannabis Corp. (IMCC) experienced a significant surge in its stock price, rising by 13.38% in pre-market trading. This notable increase reflects the market's positive response to recent corporate actions and strategic developments undertaken by the company.

One of the key factors contributing to the stock price increase is IM Cannabis' recent 1 for 6 reverse stock split. This corporate action, which took effect on June 18, 2025, means that shareholders now hold one share of IMCC for every six shares they previously held. This move is often seen as a strategy to boost the stock price and attract more institutional investors, who may be more inclined to invest in stocks with higher share prices.

Additionally, the company's focus on the development of therapies for rare and complex central nervous system disorders has garnered attention from investors. IM Cannabis' strategic initiatives in this area, including its lead product candidates for the treatment of narcolepsy and other sleep disorders, have positioned the company as a key player in the biopharmaceutical sector. These developments have likely contributed to the positive market sentiment surrounding IM Cannabis.