09.10.2019 - 23:28 Uhr

IM Cannabis Corp. Announces Closing of Additional Tranche of Financing

IM Cannabis Corp., CA6392941077

DGAP-News: IM Cannabis Corp.

/ Key word(s): Miscellaneous

IM Cannabis Corp. (formerly Navasota Resources) Announces Closing of Additional Tranche of Financing 09.10.2019 / 23:26

The issuer is solely responsible for the content of this announcement.

For additional information on I.M.C. Holdings Ltd:

Oren ShusterChief Executive Officer Telephone: +972 54-433-1111

Email: info@imcannabis.com

Forward-Looking Statements

This news release contains "forward-looking information" within the meaning of applicable securities laws including statements regarding the expected completion of the Transaction and the listing of the common shares on the CSE, the use of proceeds from the Financing as well as information relating to IMC and the Resulting Issuer. The information about IMC contained in the press release has not been independently verified by the Company. Although the Company believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risk that a closing condition to the Transaction is not satisfied or is not satisfied on a timely basis including, without limitation, the failure to obtain all requisite Israeli regulatory approvals. The statements in this press release are made as of the date of this release. The Company undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of the Company, IMC, their securities, or their respective financial or operating results (as applicable).

Not for distribution to United States newswire services or for dissemination in the United States.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/48650

Click on, or paste the following link into your web browser,to view the associated documents

http://www.newsfilecorp.com/release/48650 News Source: Newsfile

09.10.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: IM Cannabis Corp.

Canada ISIN: CA6392941077 EQS News ID: 888003   End of News DGAP News Service

888003  09.10.2019