IM Cannabis Corp. (the ‘Company’ or ‘IMC’) announced that it has appointed Brian Schinderle and Haleli Barath to its board of directors (the ‘Board’). Both Mr. Schinderle and Ms. Barath are independent directors under applicable Canadian and United States securities laws. Mr. Schinderle is the Founder and Managing Partner of Solidum Capital Advisors LLC (‘Solidum’). In addition, from 2018 to 2020, Mr. Schinderle served as Executive Vice President - Finance of GR Companies Inc. (dba Grassroots Cannabis) (‘Grassroots’). Ms. Barath is the Co-founder and Senior Partner at BFP & Co. Ms. Barath has over 20 years' experience advising Israeli and international corporations on a wide range of sophisticated cross-border and domestic transactions. In conjunction with these appointments, Rafael Gabay and Steven Mintz have concurrently resigned from the Board.