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NEW YORK and TORONTO, May 17, 2018 /PRNewswire/ – iAnthus Capital Holdings, Inc. (“iAnthus” or “the Company”), (CSE: IAN, OTCQB: ITHUF), which owns, operates, and partners with licensed cannabis operations throughout the United States, is pleased to announce that it has repaid in full the principal amount and accrued interest totaling US$20,978,082.19 outstanding pursuant to a debenture purchase agreement made as of the 17th day of January, 2018 between the Company and VCP Bridge, LLC.
Following the repayment of the above noted debenture, iAnthus has a current cash balance of approximately US$32 million as it continues to build out its existing assets and pursue opportunistic acquisitions across the U.S.
About iAnthus Capital Holdings, Inc.
iAnthus Capital Holdings, Inc. owns and operates best-in-class licensed cannabis cultivation, processing and dispensary facilities throughout the United States, providing investors diversified exposure to the U.S. regulated cannabis industry. Founded by entrepreneurs with decades of experience in operations, investment banking, corporate finance, law and health care services, iAnthus provides a unique combination of capital and hands-on operating and management expertise. The Company uses these skills to support operations across six states. For more information, visit www.iAnthusCapital.com.
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