IM Cannabis Corp.

Recent News

  • IM Cannabis Corp. (formerly Navasota Resources) Announces Closing of Reverse Takeover Transaction

    Toronto, Ontario--(Newsfile Corp. - October 11, 2019) - IM Cannabis Corp. (formerly Navasota Resources Inc.) (the "Company") is pleased to announce the closing of its previously announced reverse takeover transaction (the "RTO Transaction") with I.M.C. Holdings Ltd. ("IMC"). The RTO Transaction was effected by way of a "triangular merger" between the Company, IMC and a wholly-owned subsidiary of the Company pursuant to Israeli statutory law. IMC is an international medical cannabis company, and a well-known Israeli brand of medical...

    2019-10-11 5:11 PM ET
  • IM Cannabis Corp. (formerly Navasota Resources) Announces Closing of Additional Tranche of Financing

    Toronto, Ontario--(Newsfile Corp. - October 9, 2019) - IM Cannabis Corp. (formerly Navasota Resources Inc.) (the "Company") is pleased to announce that, in connection with its previously announced reverse take-over transaction with IMC Holdings Ltd.,(the "Transaction"), the Company has closed a second tranche of a previously announced private placement offering (the "Financing") of subscription receipts (each a "Subscription Receipt") of a wholly owned subsidiary of the Company ("Finco"). An aggregate of 412,201 Subscription Receipts were issued and sold on a...

    2019-10-09 5:23 PM ET
  • IM Cannabis Corp. (formerly Navasota Resources) Announces Conditional Listing Approval on the CSE

    Toronto, Ontario--(Newsfile Corp. - October 8, 2019) - IM Cannabis Corp. (formerly Navasota Resources Inc.) (the "Company") is pleased to announce that it has received conditional listing approval to list the common shares of the Company ("Common Shares") on the Canadian Securities Exchange (the "CSE"). The listing is subject to the Company fulfilling certain requirements of the CSE in accordance with the terms of its conditional approval letter including the completion of its previously announced reverse take-over transaction with IMC...

    2019-10-08 8:36 PM ET
  • Navasota and IMC Announce Consolidation and Name Change of Navasota

    Toronto, Ontario--(Newsfile Corp. - October 4, 2019) - Navasota Resources Inc. ("Navasota") and I.M.C. Holdings Ltd. ("IMC") are pleased to announce that, in anticipation of the closing of their previously announced business combination that will, subject to the satisfaction of certain conditions and applicable shareholder and regulatory approvals, result in a reverse takeover of Navasota by IMC (the "RTO Transaction"), Navasota has effected a change of its name to "IM Cannabis Corp." and consolidated its issued and outstanding common shares...

    2019-10-04 4:04 PM ET
  • Navasota and IMC Announce Signing of Amended and Restated Definitive Agreement and Private Placement of Approximately $20,000,000

    Toronto, Ontario--(Newsfile Corp. - September 3, 2019) - Navasota Resources Inc. ("Navasota") and I.M.C. Holdings Ltd. ("IMC") are pleased to announce the execution of an amended and restated definitive business combination agreement (the "Amended Combination Agreement") which, subject to certain conditions and applicable shareholder and regulatory approvals, will result in a reverse takeover of Navasota by IMC (the "Proposed Transaction"). The resulting issuer from the Proposed Transaction (the "Resulting Issuer") will change its business from mining to the medical cannabis...

    2019-09-03 7:30 AM ET
  • Navasota Announces Changes to Board

    Toronto, Ontario--(Newsfile Corp. - October 12, 2018) - Navasota Resources Inc. (the "Company") announces that, effective immediately, Michael Lerner has resigned as director and Chief Executive Officer of the Company and Steven Mintz has been appointed to fill the vacancy created by Mr. Lerner's resignation. The Company wishes to thank Mr. Lerner for his valuable contributions and wishes him every success in his future endeavors.Mr. Mintz, a graduate of the University of Toronto, went into public accounting for a...

    2018-10-12 10:34 AM ET
  • Navasota Resources Announces Change of Directors

    Toronto, Ontario--(Newsfile Corp. - July 31, 2018) - Navasota Resources Inc. (the "Company") would like to announce that Tim Towers has resigned as director of the Company and he has been replaced by Balu Gopalakrishnan, effective immediately. The Company wishes to thank Mr. Towers for his service.Mr. Gopalakrishnan is a Chartered Accountant with significant public company experience, including more than six years with XCEED Mortgage Corporation, where he gained significant experience preparing the company's annual and quarterly consolidated financial statements,...

    2018-07-31 6:17 PM ET
  • Navasota Resources Announces Closing of Debt Settlement

    Toronto, Ontario--(Newsfile Corp. - June 26, 2018) - Navasota Resources Inc. (the "Company") is pleased to announce the completion yesterday of its previously announced debt settlement (the "Debt Settlement") with certain arm's length and non-arm's length creditors (the "Creditors"). Pursuant to the Debt Settlement, the Company settled indebtedness of $285,633 through the issuance of 5,712,660 common shares ("Debt Shares") at a deemed price of $0.05 per Debt Share. The Debt Shares issued pursuant to the Debt Settlement are subject to...

    2018-06-26 1:16 PM ET