IM Cannabis shares are trading lower after the company announced a registered direct offering of 655,000 shares at $2.00 per share, raising about $1.3 million.

Whole Lotta Dank Debuts Dank Pack Across Alberta, Announces Nationwide Search for Cannabis Partners

Whole Lotta Dank, a Canadian cannabis brand development platform, officially launched Dank Pack, its first cannabis brand, with the debut product Blueberry BBL available across Alberta. The company is expanding its portfolio with 20+ SKUs under regulatory review and actively seeking long-term partnerships with Canadian cannabis producers, cultivators, and manufacturers. The launch is backed by eight retail locations and over 125,000 completed deliveries.

IM Cannabis Files Prospectus For Resale Of Up To 2,799,276 Shares By Selling Shareholders Including CEO Oren Shuster

Shares of cannabis-related companies are trading lower following a report suggesting that a Drug Enforcement Administration judge is pausing proceedings in an ongoing hearing on the Trump administration’s marijuana rescheduling proposal.

'DEA Judge Pauses Marijuana Rescheduling Hearing As Opponents Highlight Government Report Detailing ‘Gaps’ In Federal Processes'- Marijuana Moment