- Business
- IM Cannabis Corp. engages in the breeding, cultivation, processing, importation, distribution, and sale of premium medical cannabis products primarily to patients in Israel and Germany. The company offers dried cannabis flowers, full-spectrum strain-specific extracts, pre-rolls, and related products under the IMC, BLKMT, WAGNERS, and LOT420 brands; it also provides cannabis fulfillment services through its EU-GMP licensed packing facility and GDP logistics center in Germany via subsidiary Adjupharm GmbH. In Israel, operations include medical cannabis retail pharmacies, online platforms, distribution centers, and logistical hubs conducted through a commercial relationship with Focus Medical Herbs Ltd., leveraging proprietary patient data and a vertically integrated supply chain for quality control and delivery. Founded in 2008 and headquartered in Glil Yam, Israel, IM Cannabis targets medical patients in two of the largest regulated medical cannabis markets and recently exited its Canadian adult-use operations, including Trichome Financial Corp. and brands such as WAGNERS and Highland Grow, to focus resources on sustainable growth in Israel and Germany. Recent developments include a July 2025 USD 1 million loan agreement with L.I.A. Pure Capital Ltd., bearing 8% annual interest with potential for an additional USD 1 million and a commitment to raise at least USD 3 million via an underwritten offering, alongside the appointment of pharmaceutical executive Oz Adler to its board of directors; in October 2025, the company signed a non-binding term sheet to acquire a 60% stake in a quantum computing bio data company for up to USD 54 million in aggregate consideration.