IM Cannabis Raises $550,000 in Convertible Note Financings
IM Cannabis Corp. (IMCC) announced the completion of two convertible note financings, raising a total of $550,000 in gross proceeds. The first note of $250,000 was issued with an 8% interest rate and a conversion price tied to the company's stock price, while the second note of $300,000 was also issued with similar terms. The funds will be used for general corporate purposes.
Tickers: $IMCC
Topics: convertible note corporate finance financing private placement