24/7 Market News Snapshot 23 October, 2025 – IM Cannabis Corp. Common Shares (NASDAQ:IMCC)

October 23, 2025

DENVER, Colo., 23 October, 2025 (www.247marketnews.com) – (NASDAQ:IMCC) are discussed in this article.
IM Cannabis Corp. (IMCC), a key player in the medical cannabis industry, is experiencing a significant pre-market surge, trading at $2.616, which marks an impressive 40.65% increase from its previous close of $1.860. This substantial uptick is accompanied by a strong trading volume of 9.07 million shares, indicating heightened investor interest and confidence in the stock. The current market activity reflects an optimistic sentiment surrounding IMCC, highlighting its potential as a valuable investment within the cannabis sector.

In addition to this favorable market response, IMC has also announced a transformative strategic initiative. The company has signed a non-binding indicative term sheet to acquire a 60% equity interest in an innovative quantum computing bio data company, a deal valued at up to $54 million. This strategic acquisition aligns with IMC’s commitment to integrating advanced technology into its operations, further enhancing its growth prospects.

The Target Company specializes in employing quantum computing to optimize the storage, manipulation, and analysis of biological data. This pioneering approach is expected to revolutionize data processing within medical and scientific communities, enhancing IMC’s ability to innovate and remain competitive in a rapidly evolving industry.

The proposed transaction will involve a combination of cash, company shares, and potential earn-out payments contingent on achieving specific performance milestones. However, the agreement remains subject to the satisfactory completion of due diligence, the negotiation of definitive agreements, and requisite corporate and regulatory approvals.

As IMC continues to prioritize sustainable growth and explore diverse business avenues, it is poised to bolster shareholder value and expand its operational footprint. Stakeholders are encouraged to closely monitor developments as IMC embarks on this promising phase in its evolution within the international cannabis arena.

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