Exhibit 8.1

List of Subsidiaries of IM Cannabis Corp.

Legal Entity
Jurisdiction
Relationship with the Company
I.M.C. Holdings Ltd. (“IMC Holdings”)
Israel
Wholly-owned subsidiary
I.M.C. Pharma Ltd. (“IMC Pharma”)
Israel
Wholly-owned subsidiary of IMC Holdings
Focus Medical Herbs Ltd. (“Focus")(1)
Israel
Wholly-owned subsidiary of IMC Holdings
R.A. Yarok Pharm Ltd. (“Pharm Yarok”)
Israel
Wholly-owned subsidiary of IMC Holdings
Rosen High Way Ltd. (“Rosen High Way”)
Israel
Wholly-owned subsidiary of IMC Holdings
Rivoly Trading and Marketing Ltd. d/b/a Vironna Pharm (“Vironna”)
Israel
Subsidiary of IMC Holdings
Adjupharm GmbH (“Adjupharm”)
Germany
Subsidiary of IMC Holdings
Xinteza API Ltd (“Xinteza”)
Israel
Subsidiary of IMC Holdings
Shiran Societe Anonyme (“Greece”)
Greece
Subsidiary of IMC Holdings
IM Cannabis Holding NL B.V Netherlands (“IMC Holdings NL”)
Netherlands
Wholly-owned subsidiary of IMC Holdings

(1)
Effective February 26, 2024, IMC Holdings exercised its option to acquire a 74% ownership stake in Focus, and effective May 26, 2025, IMC Holdings acquired the remaining 26% from Ewave Group Ltd.