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IM Cannabis Signs Term Sheet To Acquire 60% Stake In Quantum Computing Bio Data Company For Up To $54M

Author: Benzinga Newsdesk | October 23, 2025 08:14am

IM Cannabis Corp. ("IMC" or the "Company") (NASDAQ:IMCC), a leading medical cannabis company with operations in Israel and Germany, today announced the signing of a non-binding indicative term sheet for a proposed securities exchange agreement to acquire a 60% equity interest in a pioneering quantum computing bio data company ("The Target Company") for aggregate consideration of up to $54 million.

Posted In: IMCC


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