IM Cannabis 6-K filing: Non-binding term sheet for 60% stake

Q: What did IMCC report in its Form 6-K?

The company reported a press release stating it signed a non-binding term sheet to acquire a 60% stake in Innovative Quantum Computing Bio Data.

Q: What is the date of the press release in IMCC’s 6-K?

The press release is dated October 23, 2025.

Q: What ownership percentage is contemplated by the term sheet?

The term sheet contemplates acquiring a 60% stake.

Q: What is the nature of the agreement disclosed by IMCC?

It is a non-binding term sheet, indicating a preliminary stage rather than a definitive agreement.

Q: Which form did IM Cannabis file for this update?

IM Cannabis filed a Form 6-K as a foreign private issuer.

IM Cannabis Corp. filed a Form 6-K reporting that it issued a press release dated October 23, 2025.

Accepted by SEC EDGAR 10/23/2025 - 09:29 AM EDT

Filing Impact

(Neutral)

Filing Sentiment

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Sentiment and the balance of points

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Form Type

6-K

Rhea-AI Filing Summary

IM Cannabis Corp. filed a Form 6-K reporting that it issued a press release dated October 23, 2025. The release states the company signed a non-binding term sheet to acquire a 60% stake in Innovative Quantum Computing Bio Data.

This filing signals a potential transaction at the term-sheet stage; terms and closing details are not included in the provided excerpt.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did IMCC report in its Form 6-K?

The company reported a press release stating it signed a non-binding term sheet to acquire a 60% stake in Innovative Quantum Computing Bio Data.

What is the date of the press release in IMCC’s 6-K?

The press release is dated October 23, 2025.

What ownership percentage is contemplated by the term sheet?

The term sheet contemplates acquiring a 60% stake.

What is the nature of the agreement disclosed by IMCC?

It is a non-binding term sheet, indicating a preliminary stage rather than a definitive agreement.

Which form did IM Cannabis file for this update?

IM Cannabis filed a Form 6-K as a foreign private issuer.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of October 2025

Commission File Number: 001-40065

IM Cannabis Corp.
(Exact Name of Registrant as Specified in Charter)

Kibbutz Glil Yam, Central District, Israel 4690500
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

EXHIBIT INDEX

Exhibit No.
99.1	Press Release dated October 23, 2025 “IM Cannabis Signs Non-Binding Term Sheet to Acquire 60% Stake in Innovative Quantum Computing Bio Data”.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	IM CANNABIS CORP.
	(Registrant)

Date: October 23, 2025	By:	/s/ Oren Shuster
	Name:	Oren Shuster
	Title:	Chief Executive Officer and Director

Source: View Original Filing on SEC EDGAR