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TORONTO and GLIL YAM, Israel , May 14, 2020 /CNW/ – IM Cannabis Corp. (the “Company” or “IMC”) (IMCC.CN), one of the world’s beat medical cannabis companies with operations in Israel and beyond Europe , is admiring to advertise that the Israeli Ministry of Economy alive a Free Consign Adjustment for medical cannabis articles on May 13, 2020 . In 30 days, accountant producers of medical cannabis in Israel will be able to administer for an consign admittance to address artefact to all-embracing markets, according to the Ministry of Health, accountable to affair assertive criteria. The Free Consign Adjustment accouterments the Israeli government’s January 2019 accommodation to accept medical cannabis exports from Israel . Focus Medical Herbs Ltd. (“Focus Medical”), a accountant ambassador in Israel with which IMC has absolute bartering agreements to advertise medical cannabis articles beneath the IMC brand, will administer for an consign admittance as anon as possible.
IMC is at a cardinal advantage for all-embracing consign from Israel due to its buying of Adjupharm GmbH (“Adjupharm”), which is absolutely accountant for the import, consign and administration of medical cannabis in Germany . In the long-term, Adjupharm will act as a hub for the acceptation and administration of medical cannabis beyond the European Union. Furthermore, IMC-branded articles to be alien into the European Union from Israel will be of medical cannabis strains application Focus Medical’s proprietary analysis that accept been in development for over ten years and accept become alike with quality, abstention and consistency.
“The advance of the consign bazaar for medical cannabis articles from Israel is a absolute cogent development for IMC’s all-embracing action and its ambition of acceptable one of the arch medical cannabis brands in the world,” said Oren Shuster , Chief Executive Officer of IMC. “Once the consign of medical cannabis articles begins, the IMC cast will be able to advantage proprietary analysis developed by Focus Medical and add accession antecedent of accumulation to the ample and growing bazaar in the European Union. The adeptness to consign from Israel is a anniversary we accept been advancing for in contempo years and we are now added accessible than anytime to assassinate on our all-embracing action by developing a apple chic medical cannabis brand.”
About IM Cannabis Corp.
IMC is an all-embracing medical cannabis company, and a acclaimed Israeli cast of medical cannabis products. In Europe , IMC has accustomed a medical cannabis operation aboriginal with its administration accessory in Germany and aggrandized by cardinal agreements with certified EU-GMP Standard suppliers, authoritative it one of the alone medical cannabis companies with absolutely chip operations in Europe . IMC’s amount Israeli business includes alms branding, adeptness and added bookish property-related casework to the Israeli medical cannabis market. Its key assets in Israel accommodate bartering agreements with accountant producers and an advantage to acquirement accountant entities. IMC has developed proprietary processes in its operations and is alive in developing and advance in avant-garde technology for all-around medical cannabis consumers leveraging its acceptability and adeptness in the medical cannabis sector.
About Focus Medical Herbs Ltd.
Focus Medical is one of eight aboriginal accountant producers of medical cannabis in Israel and has over 10 years of acquaintance growing aerial affection medical cannabis in the Israeli market. Focus Medical has an absolute bartering acceding with IMC to administer its assembly beneath the IMC brand. In accession to its own capacity, Focus Medical has accumulation agreements with two added cultivators for added accumulation application its proprietary analysis and for auction beneath the IMC brand.
Disclaimer for Forward-Looking Statements
This columnist absolution contains advanced statements aural the acceptation of applicative Canadian balance laws. Forward-looking statements are often, but not always, articular by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an accident or aftereffect “may”, “will”, “should”, “could” or “might” action or be accomplished and added agnate expressions. The advanced statements in this columnist absolution include, after limitation, statements apropos to: the acceding of medical cannabis consign permits by the government of Israel ; Focus Medical applying for an consign admittance as anon as possible; Adjupharm importing medical cannabis into the European Union from Israel ; and the Company’s cardinal plans. Advanced statements are accountable to business and bread-and-butter risks and uncertainties and added factors that could account absolute after-effects of operations to alter materially from those independent in the advanced statements, including, after limitation: the adeptness of the Focus Medical to auspiciously access an consign admittance from the government of Israel ; the adeptness of the Aggregation to accede with applicative government regulations in a awful adapted industry; abrupt changes in authoritative behavior and regulations affecting the production, distribution, accomplish or use of medical cannabis in Israel , Germany , Portugal , Greece or any added adopted jurisdictions in which the Aggregation intends to operate; abrupt disruptions to the operations and businesses of the Aggregation and/or Focus Medical as a aftereffect of the COVID-19 all-around communicable or added ache outbreaks including in the accident that Focus Medical were to lose its appellation as an capital account in the State of Israel during the accepted COVID-19 outbreak; any abrupt abortion of Focus Medical to renew its agronomics authorization with the Israeli Ministry of Health; assurance on management; inconsistent accessible assessment and acumen apropos the use of cannabis; agreeable in activities advised actionable beneath US federal law; political alternation and battle in the Middle East ; adverse bazaar conditions; the inherent ambiguity of assembly and amount estimates and the abeyant for abrupt costs and expenses; bill fluctuations; competition; and accident of key administration and/or employees. Please see the Company’s Form 2A Listing Statement which is accessible beneath the Company’s contour on SEDAR for added accompanying risks factors that could materially affect the Company’s operations and banking results. The Aggregation does not undertake any obligation to amend advanced statements except as appropriate by applicative balance laws. Investors should not abode disproportionate assurance on advanced statements.
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