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IM Cannabis Seeks Voluntary Delisting from Canadian Securities Exchange
ByAinvest
Friday, May 30, 2025 12:49 am ET1min read
IM Cannabis has applied to voluntarily delist its shares from the Canadian Securities Exchange, but its listing on the Nasdaq will not be affected. The firm is also exploring potential strategic alternatives, but the delisting will not impact its operations. The delisting is expected to be effective on July 22.
IM Cannabis Corp. (NASDAQ: IMCC) has announced plans to voluntarily delist its shares from the Canadian Securities Exchange (CSE). This move will not impact the company's listing on NASDAQ, allowing shareholders to continue trading shares without disruption. The delisting is expected to be effective on June 2, 2025 [1].The decision to delist from the CSE is driven by the high costs and administrative demands associated with maintaining a dual listing. The company believes that concentrating its trading activity on NASDAQ will improve liquidity and create long-term shareholder value. IM Cannabis has expressed gratitude to the CSE for providing its initial opportunity to access public markets [1].
Retail sentiment around IM Cannabis surged following the announcement, with shares surging 45.7% to close at $2.71 on Wednesday. After-hours trading saw a slight dip, but the stock remains bullish among investors [2]. In the third quarter of 2025, the company reported a 66% increase in revenue in Germany, reaching CA$5.8 million ($4.1 million), and a 12% increase in total revenue, reaching CA$13.9 million ($10 million) [2].
IM Cannabis has also been exploring potential strategic alternatives, but the delisting will not impact its operations. The company is committed to responsible growth and compliance with the strictest regulatory environments, aiming to amplify its commercial and brand power as a global high-quality cannabis player [1].
References:
[1] https://www.prnewswire.com/news-releases/im-cannabis-announces-plans-to-voluntarily-delist-from-the-canadian-securities-exchange-302466961.html
[2] https://stocktwits.com/news-articles/markets/equity/retail-buzz-surges-as-im-cannabis-plans-canadian-exchange-delisting-investors-hope-for-near-100-rally/ch0AfUCRbtb
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