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Sentient Jet Renewed as Preferred Private Aviation Partner of Kentucky Derby, Kentucky Oaks and Churchill Downs

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Leading Jet Company Reiterates Continued Commitment to Horseracing
Industry and Hosts Exclusive Experiences for Cardholders and Friends
Including 3
rd Annual Derby Day
Breakfast with Bobby Flay

BOSTON–(BUSINESS WIRE)–Sentient Jet, a Directional Aviation company and the creator of
the pioneering Jet Card, is pleased to announce the renewal of its
multi-year collaboration with the Kentucky Derby, Kentucky Oaks and
Churchill Downs
as the esteemed horseracing organizations’ Preferred
Private Aviation Partner
. As an official partner of the two annual
races and their shared home track, Sentient Jet has curated several
extraordinary experiences surrounding the weekend’s celebrations
including bespoke private travel services, special on-site
hospitality offerings
and the third annual Derby Day Breakfast
hosted by Brand Ambassador and Celebrity Chef Bobby Flay. Further, the
private aviation company will add additional support to the horseracing
community over the weekend through its position as the presenting
sponsor of the Alysheba Stakes
, a highlight of Oaks Day. The 2019
event marks the fourth consecutive that Sentient Jet will offer
signature services for fans and participants since becoming the first
private jet provider to assume the role of Preferred Private Aviation
Partner in 2016, as well as the latest demonstration of the brand’s
longstanding commitment to the Thoroughbred horseracing industry as a
whole.

“Over the past decade, Sentient Jet has become deeply engrained in the
horseracing community with a proud presence at many major industry
events,” said Andrew Collins, president and CEO of Sentient Jet. “We’re
thrilled to kick off our twentieth anniversary year with the renewal of
our commitment to the Kentucky Derby, Kentucky Oaks and Churchill Downs
– three of the world’s most prestigious racing organizations – and look
forward to continuing our longstanding support of the sport and all of
those who dedicate their livelihoods to it.”

Sentient Jet will usher in Derby Day at the brand’s third annual,
invite-only Derby Day Breakfast hosted by Bobby Flay. Taking place from
9:00 to 11:00 am on Saturday, May 4 at 21c Museum Hotel, Louisville’s
leading hotel, the exclusive culinary event will feature delectable
dishes, craft cocktails and engaging entertainment. A bespoke menu of
Kentucky-inspired dishes will include indulgent mains such as Blue
Corn Crepes with Sweetened Ricotta, Strawberry Rhubarb Compote and
Blueberry Sauce
and Sweet Potato-Chicken Hash with Poached Eggs
and Green Onion Hollandaise
served alongside Julep Spritzers and
Strawberry Rhubarb Margaritas.

“The Derby has been a highlight of my annual calendar for many years,
and I’m proud to be a part of the weekend’s newest tradition with the
Derby Day Breakfast,” said Bobby Flay. “It’s a joy to combine my passion
for cooking with my love of horseracing, and I’m looking forward to
sharing race day predictions with fellow fans over fine food and drink.”

Additionally, Sentient Jet will once again provide private flight
access to the races through its prestigious Jet Card platform
, which
offers the most seamless and stylish way to travel to and from
Louisville during Derby weekend. Through the singular service, all Derby
guests will be able to fly to Kentucky through Sentient Jet without
entering into a Jet Card commitment. Beyond the flight experience
itself, passengers will also gain access to the additional benefits
offered to Sentient Jet Cardholders at the event, including entry to the
Derby Day Breakfast.

“Year after year, our Cardholders make way to Churchill Downs to take in
the most exciting two minutes in sports, and it’s an honor to be an
eagerly anticipated part of their festivities,” said Collins. “Whether
through our signature travel services, annual breakfast or on-site
experiences, we can’t wait to welcome new friends and old to celebrate
the Kentucky Derby with Sentient Jet.”

Sentient Jet was named the first-ever Preferred Private Aviation Partner
of the Kentucky Derby, Kentucky Oaks and Churchill Downs in a multi-year
agreement in 2016. The partnership reaffirmed the company’s longtime
presence in the horseracing community as a sponsor of the Breeders’ Cup
World Championships and Fasig-Tipton and provides Cardholders and
clients with premium perks, including exclusive ticket pre-sale
opportunities. Sentient Jet’s support of the Thoroughbred industry has
also included endorsements of several of the sport’s most notable horses.

As one of the country’s leading private aviation companies, Sentient Jet
provides clients with private flying opportunities for all their air
travel needs. Sentient Jet offers its 25-Hour Jet Card in four jet-size
options, allowing clients to purchase flight time on Light, Mid,
Super-Mid, and Heavy aircraft as well as in two age classes (Preferred
and Select), starting at just $131,800. The company recently announced
the SJ25+ Super-Mid Jet Card. Offered at $224,275 for 25 hours of flight
time, SJ25+ offers Cardholders guaranteed access to the most popular
Super-Mid Size jets, all of which are Wi-Fi enabled. Sentient Jet
Cardholders receive a rare combination of industry leading service and
safety, complete with a one-year lock on all-inclusive hourly rates,
with the added bonus of 15% discounts on hourly pricing for qualifying
round-trip travel. Through Sentient Jet’s mobile app, Sentient Jet
Cardholders can also book private jet travel on-the-go, as well as
access flight details, initiate assistance through a 24/7 live chat
feature, and localized recommendations for exclusive benefits.

About Sentient Jet

Founded in 1999 and now an integral part of Directional Aviation,
Sentient Jet is one of the leading private aviation companies in the
country. The Sentient Jet Card Program offers clients the flexibility
and convenience of flying private for their personal and business air
travel needs with industry-leading value. Sentient Jet is known for
outstanding service and a commitment to safety programs, including the
industry’s first and only Independent Safety Advisory Board. Sentient
Jet’s extensive network of certified operators ensures that clients will
always have access to executive aircraft that meet their rigorous
standards for safety and quality. Visit sentient.com
for more information. You can also follow Sentient Jet on social media
platforms, including Twitter,
Facebook
and Instagram.
Download the Sentient Jet Mobile App: iOS
| Android.

Contacts

Media:
Nike Communications, Inc.
Charlotte Goodman
[email protected]
646-654-3413


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IMC to transfer its Oranim Pharmacy shares back to the seller

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imc-to-transfer-its-oranim-pharmacy-shares-back-to-the-seller

TORONTO and GLIL YAM, Israel, April 16, 2024 /PRNewswire/ — IM Cannabis Corp. (CSE: IMCC) (NASDAQ: IMCC) (the “Company” or “IMC“), a leading medical cannabis company with operations in Israel and Germany, is announcing that, further to the news release dated January 12, 2024, the Company has decided not to make remaining installment payments installments (i.e. NIS 5,873K including interest or 2,154K CAD) by IMC Holdings Ltd., and as such will transfer the 51% shares held by IMC Holdings Ltd back to the  seller.

“With the April 1st cannabis legalization in Germany, we are focusing our resources on the German market, where we expect to see the biggest growth potential,” said Oren Shuster, CEO of IMC. “With both of our core markets, Germany and Israel, currently undergoing rapid evolution, we need to assure that we allocate our resources to the growth opportunities where we expect the best return on investment.”

About IM Cannabis Corp.

IMC (Nasdaq: IMCC) (CSE: IMCC) is an international cannabis company that provides premium cannabis products to medical patients in Israel and Germany, two of the largest medical cannabis markets. The Company has recently exited operations in Canada to pivot its focus and resources to achieve sustainable and profitable growth in its highest value markets, Israel and Germany. The Company leverages a transnational ecosystem powered by a unique data-driven approach and a globally sourced product supply chain. With an unwavering commitment to responsible growth and compliance with the strictest regulatory environments, the Company strives to amplify its commercial and brand power to become a global high-quality cannabis player.

The IMC ecosystem operates in Israel through its commercial relationship with Focus Medical Herbs Ltd., which imports and distributes cannabis to medical patients, leveraging years of proprietary data and patient insights. The Company also operates medical cannabis retail pharmacies, online platforms, distribution centers, and logistical hubs in Israel that enable the safe delivery and quality control of IMC’s products throughout the entire value chain. In Germany, the IMC ecosystem operates through Adjupharm GmbH, where it distributes cannabis to pharmacies for medical cannabis patients. Until recently, the Company also actively operated in Canada through Trichome Financial Corp and its wholly owned subsidiaries, where it cultivated, processed, packaged, and sold premium and ultra-premium cannabis at its own facilities under the WAGNERS and Highland Grow brands for the adult-use market in Canada. The Company has exited operations in Canada and considers these operations discontinued.

Disclaimer for Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements under applicable Canadian and U.S. securities laws (collectively, “forward-looking statements”). All information that addresses activities or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made. In the press release, such forward-looking statements include, but are not limited to,  the occurrence of growth opportunities and the likelihood of growth potential.

Forward-looking statements are based on assumptions that may prove to be incorrect, including but not limited to: the development and introduction of new products; continuing demand for medical and adult-use recreational cannabis in the markets in which the Company operates; the Company’s ability to reach patients through both e-commerce and brick and mortar retail operations; the Company’s ability to maintain and renew or obtain required licenses; the effectiveness of its products for medical cannabis patients and recreational consumers; and the Company’s ability to market its brands and services successfully to its anticipated customers and medical cannabis patients.

The above lists of forward-looking statements and assumptions are not exhaustive. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated or implied by such forward looking statements due to a number of factors and risks. These include: any failure of the Company to maintain “de facto” control over Focus Medical in accordance with IFRS 10; the failure of the Company to comply with applicable regulatory requirements in a highly regulated industry; unexpected changes in governmental policies and regulations in the jurisdictions in which the Company operates; the effect of the reform on the Company; the Company’s ability to continue to meet the listing requirements of the Canadian Securities Exchange and the NASDAQ Capital Market; any unexpected failure to maintain in good standing or renew its licenses; the ability of the Company and Focus Medical (collectively, the “Group”) to deliver on their sales commitments or growth objectives; the reliance of the Group on third-party supply agreements to provide sufficient quantities of medical cannabis to fulfil the Group’s obligations; the Group’s possible exposure to liability, the perceived level of risk related thereto, and the anticipated results of any litigation or other similar disputes or legal proceedings involving the Group; the impact of increasing competition; any lack of merger and acquisition opportunities; adverse market conditions; the inherent uncertainty of production quantities, qualities and cost estimates and the potential for unexpected costs and expenses; risks of product liability and other safety-related liability from the usage of the Group’s cannabis products; supply chain constraints; reliance on key personnel; the risk of defaulting on existing debt and war, conflict and civil unrest in Eastern Europe and the Middle East

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.

Company Contacts:

Anna Taranko, Director Investor & Public Relations
IM Cannabis Corp.
+49 157 80554338
[email protected]

Oren Shuster, Chief Executive Officer
IM Cannabis Corp.
[email protected]

Logo – https://mma.prnewswire.com/media/1742228/IM_Cannabis_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/imc-to-transfer-its-oranim-pharmacy-shares-back-to-the-seller-302117984.html

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