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Monday, June 12, 2017

#Cannabis Stock News: iAnthus Capital (CSE: IAN) (CSE: IAN.CN) to Expand into New York State, Gaining Exposure to 20 Million Residents in Rapidly Growing #MedicalMarijuana Market

#Cannabis Stock News: iAnthus Capital (CSE: IAN) (CSE: IAN.CN) to Expand into New York State, Gaining Exposure to 20 Million Residents in Rapidly Growing #MedicalMarijuana Market

Company to Host a Conference Call at 4:30PM ET Monday June 12 to Discuss its Largest Transaction to Date


TORONTO, ON and NEW YORK, NY - June 12, 2017 (Investorideas.com Newswire) iAnthus Capital Holdings, Inc. ("iAnthus" or "the Company"), (CSE: IAN) (CSE: IAN.CN) (CNSX: IAN) (OTCQB: ITHUF), which owns, operates, and partners with licensed cannabis operators throughout the United States, is pleased to announce that it has signed a binding letter of intent to acquire 100% of Valley Agriceuticals, LLC ("Valley Ag"), which has received conditional approval from the New York State Department of Health to be awarded one of just ten medical marijuana licenses issued by the state. The proposed acquisition, when closed, will expand iAnthus' portfolio into five regulated cannabis states in the U.S., which the Company believes will constitute the largest footprint among public companies focused on licensed cannabis operations in the U.S.


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