IMCCIM Cannabis Corp. · NASDAQ Capital Market · $4.23 · $2.62M mkt cap
Assessed Aug 28, 2026 · Reverse split
Is the float you're seeing correct?
485.3K
Estimated float

Post-reverse-split (1-for-30, 2026-08-27) basis.

Understated 5.3×
90.7K
Reported float

Data-service feed, fetched today. The number TradingView and most screeners show.

Your screener is showing a float that no longer exists. Trade off 485.3K shares.

Dilution risk9/10EXTREME
CONFIDENCE: MEDIUM

The float your screener shows is understated 5.3×: 90.7K reported, 485.3K actual. 7 convertible notes and 4 reverse splits can add another 82% of the float.

  • Variable-rate convertible notes (death spiral), cash-repayment prohibited. Three live promissory notes (April/May/June 2026, US$775,000 aggregate principal plus US$93,000 accrued interest) convert at the LOWER of a fixed price or 90% of the lowest daily VWAP over the preced…

  • Registered resale shares vastly exceeding outstanding stock. The June 2026 F-3 registers 17,276,931 pre-split shares (575,898 post-split) for resale by a single holder — approximately 192% of shares then outstanding.

  • Rapid share count growth / realized dilution. Shares outstanding went from 5,894,812 (2025-12-31, XBRL) to 9,016,539 (2026-06-08 F-3 cover) to an implied 18,117,662 pre-split equivalent at the 2026-08-27 reverse split — a roughly 207% increase i…

From today's float to the ceiling

shares
485.3K
Estimated float
tradeable today
+279.2K can sell now
764.5K
Effective supply
float plus what sells on notice
+897.5K if floors are cut and warrants exercise
1.66M
Fully diluted
ceiling

Ceiling computed from the itemised overhang.

Where the shares come from

each subtotal is a rung on the ladder above

Tradeable today
485.3K
Can sell now
Registered resale shares, issuable on notice
Already effective; the holder can sell without a further filing.
+272.5K
Warrants in the money, at or near a zero strike
Exercisable at or below the current tape.
+6.7K
Effective supply
764.5K
Converts only if floors are cut · floors $8.70 to $78.30 against a $4.23 tape
Convertible notes, beyond the registered shares
At the stated conversion prices; a cut to those prices raises the count.
+554.8K
Above the current price
Warrants out of the money
Struck above the current tape; supply only if the stock rises.
+341.8K
Options and RSUs
Employee equity; vests and settles over time.
+942
Fully diluted
1.66M

Not counted anywhere: ATM and shelf capacity. Convertible share counts use stated conversion prices.

Engine fully-diluted count (1.00M) is below the itemised overhang; ceiling computed from the rows.

See the full breakdown

Red flags, financing counterparties, the deal timeline, and every SEC filing — free with an account.

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The facts

Price
$4.23
Market cap
$2.62M
Shares outstanding
618.9K
Reported float
90.7K
Avg volume
10.60M
Reverse splits
4 · latest 1-for-30 · Aug 27, 2026
Going concern
Yes · 0 quarters runway
Quarterly burn

Market data as of Sep 20, 2026

Key dates

  • Oct 6, 2026 · Nasdaq minimum bid price compliance deadline (Rule 5550(a)(2), deficiency letter dated 2026-04-09) — the 1-for-30 reverse split on 2026-08-27 was the response;…