le 11 février/February 2021

	IM Cannabis Corp. has announced a consolidation of its issued and outstanding common shares on the basis of one (1) post-consolidation common shares for every four (4) pre-consolidation common shares.

	As a result, the outstanding shares of the company will be reduced to approximately 40,061,364 common shares.

	There are currently 9,729,258 common share purchase warrants (“Warrants”) listed for trading on the CSE (IMCC.WT), each exercisable at $1.30 per Warrant for one Common Share. Following the Share Consolidation, the number of listed Warrants outstanding will not be altered; however, the exercise terms will be adjusted in accordance with the terms of the warrant indenture dated August 30, 2019, as supplemented on November 14, 2019, such that four Warrants will be exercisable for one Common Share following the payment of an adjusted exercise price of $5.20.

	The name and symbol will not change.

	Please note that all open orders will be cancelled at the close of business on February 11, 2021. Dealers are reminded to re-enter their orders taking into account the share consolidation.

	_______________________

	IM Cannabis Corp. a annoncé un regroupement de ses actions ordinaires émises et en circulation sur la base d'une (1) action ordinaire post-consolidation pour quatre (4) actions ordinaires pré-consolidation.

	Par conséquent, les actions en circulation de la société seront réduites à environ 40 061 364 actions ordinaires.

	Il y a actuellement 9 729 258 bons de souscription d'actions ordinaires («bons de souscription») inscrits à la cote du CSE (IMCC.WT), chacun pouvant être exercé à 1,30 $ par bon de souscription pour une action ordinaire. À la suite du regroupement d'actions, le nombre de bons de souscription cotés en circulation ne sera pas modifié; cependant, les conditions d'exercice seront ajustées conformément aux modalités de l'acte de souscription daté du 30 août 2019, tel que complété le 14 novembre 2019, de sorte que quatre bons de souscription pourront être exercés contre une action ordinaire après le paiement d'un prix d'exercice ajusté. de 5,20 $.

	Le nom et le symbole ne changeront pas.

	Veuillez noter que toutes les commandes ouvertes seront annulées à la fermeture des bureaux le 11 février 2021. Il est rappelé aux concessionnaires de ressaisir leurs commandes en tenant compte de la consolidation des actions.
<table border="1" cellpadding="0" cellspacing="1" >
<tbody>
<tr>
<td >

					Trading on a Consolidated Basis/Négociation sur une base consolidée:
</td>
<td >

					le 12 février/February 2021
</td>
</tr>
<tr>
<td >

					Record Date/Date d’enregistrement:
</td>
<td >

					le 16 février/February 2021
</td>
</tr>
<tr>
<td >

					Symbols/Symboles:
</td>
<td >

					IMCC &amp; IMCC.WT
</td>
</tr>
<tr>
<td >

					NEW/NOUVEAU CUSIP:
</td>
<td >

					44969Q208
</td>
</tr>
<tr>
<td >

					NEW/NOUVEAU ISIN:
</td>
<td >

					CA44969Q2080
</td>
</tr>
<tr>
<td >

					Old/Vieux CUSIP &amp; ISIN:
</td>
<td >

					44969Q109/CA44969Q1090
</td>
</tr>
</tbody>
</table>

	If you have any questions or require further information please contact Listings at&nbsp;(416) 367-7340&nbsp;or E-mail:&nbsp;<a href="mailto:Listings@thecse.com">Listings@thecse.com</a>

	Pour toute question ou information complémentaire, veuillez contacter Listings au 416 367-7340 ou par courriel à: <a href="mailto:Listings@thecse.com">Listings@thecse.com</a>

IM Cannabis Corp.

2021-0225 – Consolidation - IM Cannabis Corp. (IMCC)

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