One-Man Firm Discloses 9.99% Passive Stake in IM Cannabis
J.B.D Innovation Ltd., solely owned and run by Nissim Daniel, has filed a 9.99% passive stake in IM Cannabis Corp., controlling 164,585 shares.
A closely-held Israeli-linked investment vehicle has surfaced as a significant minority shareholder in IM Cannabis Corp. (IMCC), the Canadian-Israeli cannabis operator. J.B.D Innovation Ltd. disclosed a 9.99% passive stake, representing 164,585 common shares of the company — a threshold that places it just below the 10% level that typically triggers heightened regulatory scrutiny under securities law.
Nissim Daniel is the sole figure behind J.B.D Innovation Ltd., serving simultaneously as its owner, director, and Chief Executive Officer. That concentration of control means a single individual holds both voting and dispositive authority over the entire block of shares — a structure that regulators and investors often flag when assessing governance risks around influential minority positions.
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The disclosed ownership percentage is calculated against a total float of 1,647,494 common shares of IM Cannabis Corp. issued and outstanding. That relatively small share count underscores how thinly traded IMCC is, meaning even a sub-10% passive stake carries meaningful weight in terms of potential market influence, even if the holder has stated no intention to direct corporate strategy.
The filing of a passive stake — as opposed to an active or control position — signals that J.B.D Innovation does not currently seek board representation or operational influence. However, passive designations can change, and disclosures at the 9.99% level are closely watched by market participants as potential precursors to more assertive ownership moves, particularly in volatile sectors like cannabis where shareholder dynamics shift rapidly.
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