iAnthus Receives Notice of Appeal Regarding Court Approval for Recapitalization Transaction

NEW YORK, NY and TORONTO, ON, Nov. 5, 2020 /CNW/ – iAnthus Capital Holdings, Inc. (“iAnthus” or the “Company”) (CSE: IAN) (OTCPK: ITHUF), which owns, operates and partners with regulated cannabis operations across the United States, announces that Walmer Capital Limited, Island Investments Holdings Limited and Alastair Crawford have collectively served and filed a Notice of Appeal in respect of the Supreme Court of British Columbia’s (the “Court”) final approval for the plan of arrangement to implement the Company’s previously announced recapitalization transaction (the “Recapitalization Transaction”).

The Notice of Appeal does not set out any grounds upon which the appeal is sought. iAnthus will be responding to the appeal and in that regard, intends to deliver a Notice of Appearance on or before November 13, 2020.

For further details on the Court’s approval for the Recapitalization Transaction, see the Company’s news release dated October 6, 2020, a copy of which is available under the Company’s SEDAR profile at www.sedar.com.

About iAnthus

iAnthus owns and operates licensed cannabis cultivation, processing and dispensary facilities throughout the United States. For more information, visit www.iAnthus.com.

COVID-19 Risk Factor

The Company may be impacted by business interruptions resulting from pandemics and public health emergencies, including

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