24/7 Market News Snapshot 28 May, 2025 – IM Cannabis Corp. Common Shares (NASDAQ:IMCC)

May 28, 2025

DENVER, Colo., 28 May, 2025 (www.247marketnews.com) – (NASDAQ:IMCC) are discussed in this article.
IM Cannabis Corp (IMCC) is experiencing a significant surge in its stock performance, opening at $2.177 and currently trading at $2.792, reflecting an impressive increase of over 49% from the previous day’s close of $1.870. With an increased trading volume of 1.11 million shares, this rally illustrates heightened investor interest and optimism regarding the company’s growth trajectory within the cannabis sector. Market analysts have noted that such volatility suggests the potential for future gains, although traders are advised to monitor possible resistance levels above the current price.

In a strategic initiative to enhance operational efficiency and shareholder value, IM Cannabis Corp has announced its intention to voluntarily delist its common shares from the Canadian Securities Exchange (CSE). Effective June 2, 2025, IMC will cease trading on the CSE, focusing instead on its established presence on NASDAQ where shares will continue to be traded under the symbol “IMCC.” This decision is primarily based on the belief that ongoing trading activity on the CSE does not justify the regulatory burdens and costs associated with maintaining dual listings.

IMC acknowledges the support of the CSE for providing initial public market access and sees this transition as a critical step towards concentrating efforts on enhancing liquidity and reducing operational complexities. As a key player in the international medical cannabis landscape, IMC is committed to leveraging its data-driven approach and robust supply chain to continue delivering high-quality cannabis products. This strategic move signifies the company’s dedication to scaling its market influence while prioritizing the delivery of exceptional value to its shareholders in a rapidly evolving industry.

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