Final Court Order Hearing

Response materials due no later than 4:00 p.m. (Vancouver time) on Monday, September 21, 2020

Hearing scheduled for 10:00 a.m. (Vancouver time) on Friday, September 25, 2020

NEW YORK and TORONTO, Sept. 18, 2020 /PRNewswire/ – iAnthus Capital Holdings, Inc. (“iAnthus” or the “Company”) (CSE: IAN), (OTCQX: ITHUF), which owns, operates and partners with regulated cannabis operations across the United States, reminds Secured Noteholders, Unsecured Debentureholders, Equityholders (each as defined below) and any other interested party, that the Company and ICM (as defined below) will attend a hearing (the “Hearing”) before the Supreme Court of British Columbia (the “Court”) scheduled for 10:00 a.m. (Vancouver time) on September 25, 2020. At the Hearing, the Company and ICM will seek final Court approval (the “Final Court Order”) for the Company’s previously announced recapitalization transaction (the “Recapitalization Transaction”) to be implemented by way of a court-approved plan of arrangement under the British Columbia Business Corporations Act (the “Plan of Arrangement”).

Court Approval

As required by the interim Court order for the Recapitalization Transaction (the “Interim Court Order”), any Secured Noteholder, Unsecured Debentureholder or Equityholder, or other interested party has the right to appear (either in person or by counsel) and make submissions at the hearing of the

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