IM Cannabis Stock Falls after $1.31 Million Offering Follows Drone Deal
IM Cannabis stock reverses an earlier surge after a $1.31 million share offering followed its non-binding defense-tech deal.
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Why It Matters
IM Cannabis announced it will sell new shares worth $1.31 million. When companies sell new shares, it means each owner's piece gets smaller, which often makes the stock price drop.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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