08:12 AM EDT, 07/05/2024 (MT Newswires) -- IM Cannabis ( IMCC ) , which sells medical cannabis in Israel and Germany, said on Friday that its board approved a six-for-one share consolidation effective July 12.

Following the transaction, the CUSIP and ISIN of the shares will be changed to 44969Q406 and CA44969Q4060, respectively. The company's name and stock symbols will remain unchanged.

Following the consolidation, IM Cannabis ( IMCC ) will have about 2 million shares, compared with approximately 13 million now.