January 16, 2023
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”) private placements of common shares and warrants
The Company hereby confirms receipt of aggregate proceeds of US$1,949,999 in connection with the issuance of 1,559,999 common
shares in the capital of the Company and 1,559,999 common share purchase warrants of the Company pursuant to i) the closing of the first tranche of a listed issuer financing exemption offering and ii) the closing of a concurrent private placement
offering, each as disclosed in the Company’s press release and Form 9 – Notice of Proposed Issuance of Listed Securities filed with the Canadian Securities Exchange dated January 16, 2023.
IM Cannabis Corp.
Chief Executive Officer