August 22, 2022
Canadian Securities Exchange
First Canadian Place
100 King Street West, Suite 7210
Toronto, ON M5X 1E1
To Whom It May Concern:
Re: IM Cannabis Corp. (the "Company") Sale of SublimeCulture Inc. ("Sublime")
On August 5, 2022, the Company completed the sale of Sublime to a group of purchasers that included current and former members of the Sublime management team for aggregate proceeds of $100,000 less working capital adjustments, for a final net purchase price of $88,901.83. The Company confirms the receipt of proceeds from the sale.
IM Cannabis Corp.
Chief Executive Officer
Beit Hakshatot, Kibutz Glil-Yam, ISRAEL, 4690500.Tell: 972-77-4442333 | Fax: 972-77-4442332
www.imcannabis.com | firstname.lastname@example.org