CERTIFICATE OF COMPLIANCE
TO: CANADIAN SECURITIES EXCHANGE (“CSE”)
IM Cannabis Corp. (the “Listed Issuer”) hereby certifies to CSE that the Listed Issuer is in compliance with the requirements of applicable securities
legislation (as such term is defined in National Instrument 14-101) and all Exchange Requirements (as defined in Policy 1).
Date: February 7, 2023
Signed: ”Oren Shuster"
Chief Executive Officer