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iAnthus Announces Extension of New Jersey Bridge Notes

Newswire.ca - Tue Feb 20, 7:00AM CST

NEW YORK and TORONTO, Feb. 20, 2024 /CNW/ - iAnthus Capital Holdings, Inc. ("iAnthus" or the "Company") (CSE: IAN) (OTCQB: ITHUF), which owns, operates and partners with regulated cannabis operations across the United States, announces that the Company, along with its wholly-owned subsidiary, iAnthus New Jersey, LLC, has amended (the "Amendment") the terms of the senior secured bridge notes issued on February 2, 2021 (the "Bridge Notes") to certain related-party lenders (including funds managed by affiliates of Gotham Green Partners, LLC, Oasis Management Company, Ltd., and Senvest Management, LLC) and other third-party lenders (collectively, the "Lenders"). On February 2, 2024, in order to facilitate the Amendment, the parties agreed to a short-term extension of the maturity date from February 2, 2024, to February 16, 2024.

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