(a) |
Prepare this Quarterly Listing Statement using the format set out below. The sequence of questions must not be altered nor should questions be omitted or left
unanswered. The answers to the following items must be in narrative form. When the answer to any item is negative or not applicable to the Issuer, state it in a sentence. The title to each item must precede the answer.
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(b) |
The term “Issuer” includes the Listed Issuer and any of its subsidiaries.
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(c) |
Terms used and not defined in this form are defined or interpreted in Policy 1 – Interpretation and General Provisions.
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1. |
Related party transactions
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(a) |
A description of the relationship between the transacting parties. Be as precise as possible in this description of the relationship. Terms such as affiliate,
associate or related company without further clarifying details are not sufficient.
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(b) |
A description of the transaction(s), including those for which no amount has been recorded.
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(c) |
The recorded amount of the transactions classified by financial statement category.
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(d) |
The amounts due to or from Related Persons and the terms and conditions relating thereto.
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(e) |
Contractual obligations with Related Persons, separate from other contractual obligations.
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(f) |
Contingencies involving Related Persons, separate from other contingencies.
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2. |
Summary of securities issued and options granted during the period.
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(a) |
summary of securities issued during the period,
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Date of Issue
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Type of Security (common shares, convertible debentures, etc.)
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Type of Issue (private placement, public offering, exercise of warrants, etc.)
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Number
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Price
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Total Proceeds
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Type of Consideration (cash, property, etc.)
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Describe relationship of Person with Issuer (indicate if Related Person)
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Commission Paid
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May 2023
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Common shares
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Issued as part of a Debt Settlement
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492,492
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1.25$
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838,776$
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N/A
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Director and Non-Executive Chairman
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Nil
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May 2023
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Warrant
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Issued as part of a Debt Settlement
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492,492
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1.50$
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N/A
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N/A
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Director and Non-Executive Chairman
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Nil
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May 2023
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Common shares
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Exercise of Restricted Stock Units
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50,414
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N/A
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N/A
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N/A
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Director and Non-Executive Chairman
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Nil
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(b) |
summary of options granted during the period,
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Date
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Number
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Name of Optionee
if Related Person
and relationship
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Generic description of other Optionees
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Exercise Price
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Expiry Date
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Market Price on date of Grant
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May 16, 2023
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3,000
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N/A
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Employees
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$1.10
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May 16, 2028
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$1.10
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3. |
Summary of securities as at the end of the reporting period.
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(a) |
description of authorized share capital including number of shares for each class, dividend rates on preferred shares and whether or not cumulative, redemption and
conversion provisions,
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(b) |
number and recorded value for shares issued and outstanding,
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(c) |
description of options, warrants and convertible securities outstanding, including number or amount, exercise or conversion price and expiry date, and any recorded
value, and
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Securities
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Number Outstanding
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Options
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421,602
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Restricted Share Units
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4,586
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2021 Offered Warrants(1)
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294,348
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2021 Broker Compensation Options
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18,261
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2023 LIFE and Concurrent Offering Warrants(2)
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5,769,611
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(1) |
294,348 warrants are exercisable for one (1) Common Share at an adjusted exercise price of US$72 for a term of 5 years from May 7, 2021.
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(2) |
During 2023, the Company issued an aggregate of issued 5,769,611 units of the Company (each a “Unit”) at a price of US$1.25 per Unit. Each Unit consisted of one
Common Share and one Common Share purchase warrant (each, a “Warrant”), with each Warrant entitling the holder thereof to purchase one additional Common Share at an exercise price of US$1.50 for a period of 36 months from the date of issue.
The above issued units also include issuance of units as part of a debt settlement with a Director and Non-Executive Chairman.
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(d) |
number of shares in each class of shares subject to escrow or pooling agreements or any other restriction on transfer.
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4. |
List the names of the directors and officers, with an indication of the position(s) held, as at the date this report is signed and filed.
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Name
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Title
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Oren Shuster
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Chief Executive Officer and Director
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Marc Lustig
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Director and Non-Executive Chairman
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Moti Marcus
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Director
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Einat Zakariya
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Director
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Brian Schinderle
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Director
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Itay Vago
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Chief Financial Officer
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Michal Lebovitz Nissimov
|
Corporate Secretary and General Counsel
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Eyal Fisher
|
General Manager Subsidiary, IMC Holdings
|
Richard Balla
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Chief Executive Officer, Adjupharm GmbH
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1. |
The undersigned is a director and/or senior officer of the Issuer and has been duly authorized by a resolution of the board of directors of the Issuer to sign this
Quarterly Listing Statement.
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2. |
As of the date hereof there is no material information concerning the Issuer which has not been publicly disclosed.
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3. |
The undersigned hereby certifies to the Exchange that the 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 CNSX Policy 1).
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4. |
All of the information in this Form 5 Quarterly Listing Statement is true.
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Itay Vago
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||
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Name of Director or Senior Officer
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|
“Itay Vago”
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||
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Signature
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|
Chief Financial Officer
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||
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Official Capacity
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Issuer Details
Name of Issuer
IM Cannabis Corp.
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For Quarter End
June 30, 2023
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Date of Report
2023/08/14
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Issuer Address
550 Burrard Street, Suite 2300, Bentall 5
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||
City/Province/Postal Code
Vancouver, BC V6C 2B5
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Issuer Fax No.
( )
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Issuer Telephone No.
( )
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Contact Name
Michal Lebovitz Nissimov
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Contact Position
Business and Compliance Manager
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Contact Telephone No.
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Contact Email Address
Michal.l@imcannabis.com
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Web Site Address
http://www.imcannabis.com/
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