IM Cannabis Enters Non-Binding Agreement to Acquire 51% of Space Defense Innovations, Operating in the European Tactical UAS Market
IM Cannabis announced a non-binding letter of intent to acquire 51% of Space Defense Innovations (SDI), a reseller of BlueBird Aero Systems tactical UAS that may become a European manufacturer pending regulatory approvals. The LOI includes equity, warrants, a seller loan, governance rights, and a convertible EUR 2.3m line of credit; closing is subject to due diligence and other customary conditions.