IM Cannabis Corp.

Disclaimer for Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements under applicable Canadian and United States securities laws (collectively, “forward-looking statements”). Forward-looking statements are often identified by words such as “may”, “will”, “could”, “would”, “expect”, “intend”, “anticipate”, “believe”, “plan”, “seek”, “estimate” and similar expressions.

Forward-looking statements in this press release include, without limitation, statements regarding: the proposed sale of the Company’s European-focused assets; the proposed pre-closing reorganization of IMC Holdings; the negotiation and execution of a Definitive Agreement; the assumption of liabilities by Slil; the anticipated impact of the Transaction on the Company’s debt burden, working capital, balance sheet and cash flow; the Company’s intention to retain and focus on its Israeli operations following completion of the Transaction; the Company’s pursuit of additional investment opportunities; the review and approval of the Transaction by the Special Committee and Board; the availability of any exemptions under MI 61-101; the receipt of regulatory clearances, if required; and the timing and completion of the Transaction, if at all.

These forward-looking statements are based on a number of assumptions, including, among others: that the parties will continue negotiations in good faith and enter into a Definitive Agreement on terms acceptable to the Company; that the proposed reorganization can be completed as contemplated; that the Board and Special Committee will determine that proceeding with the Transaction is in the best interests of the Company; that any required MI 61-101 requirements and regulatory clearances can be satisfied or relied upon on the basis currently contemplated; and that the anticipated financial and operational benefits of the Transaction will be realized substantially as expected.

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. These include, without limitation: the non-binding nature of the Letter of Intent; the risk that the parties do not enter into a Definitive Agreement; the risk that the proposed reorganization is not completed as contemplated or at all; the risk that the Company is unable to satisfy, or rely on exemptions from, the formal valuation and minority approval requirements of MI 61-101; the risk that required regulatory clearances are not obtained; the risk that the anticipated debt reduction, working capital improvement, balance sheet strengthening or cash flow benefits are not realized as expected; and the other risks, uncertainties and factors described under the heading “Risk Factors” in the Company’s annual report dated March 30, 2025, which is available on the Company’s issuer profile on SEDAR+ atwww.sedarplus.ca and Edgar atwww.sec.gov/edgar. Any forward-looking statement included in this press release is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward looking information is made. The Company does not undertake any obligation to update forward-looking statements, except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.