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, is issuing this news release in response to a request by the Investment Industry Regulatory Organization of Canada (“IIROC”) to comment on recent trading activity of its stock. IIROC monitors continuous trading in all listed issuers.
The Company announced on November 5, 2020 that a Notice of Appeal had been filed in respect of the Supreme Court of British Columbia’s final approval of the plan of arrangement to implement the Company’s previously announced recapitalization transaction. The Company filed a Notice of Appearance with respect to the appeal on November 12, 2020. On November 30, 2020, the Company made a request of the British Columbia Court of Appeal that the appeal be heard on an expedited basis. The Company does not yet have any decision from the British Columbia Court of Appeal with respect to the Company’s request.
The Company is not aware of any material, undisclosed corporate developments and has no material change in its business or affairs that has not been publicly disclosed that would account for the recent increase in volume or price. In accordance with applicable disclosure requirements, the Company will advise the market of material changes, if any when they occur.
iAnthus owns and operates licensed cannabis cultivation, processing and dispensary facilities throughout the United States. For more information, visit www.iAnthus.com.