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IM Cannabis To Acquire 51% Of Space Defense Innovations, Stock Surges In Pre-Market
Source: Nasdaq
M&A & RestructuringInfrastructure & Defense
IM Cannabis Corp. announced a non-binding letter of intent to acquire a 51% controlling stake in Space Defense Innovations LLC on a fully diluted basis. The proposed transaction signals expansion into the defense-related technology sector, though financial terms, timing, and closing conditions were not disclosed.
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