Friday, October 13, 2017

Investorideas.com - #Cannabis Stock News: iAnthus (CSE: IAN) (CSE: IAN.CN) (CNSX: IAN) (OTCQB: ITHUF) Purchases US$3.0 Million of Preferred Shares in GrowHealthy

Investorideas.com - #Cannabis Stock News: iAnthus (CSE: IAN) (CSE: IAN.CN) (CNSX: IAN) (OTCQB: ITHUF) Purchases US$3.0 Million of Preferred Shares in GrowHealthy

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Concurrently issues US$3.0 million unsecured one-year note


NEW YORK, NY and TORONTO, ON - October 13, 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 operations throughout the United States, announces that it has purchased 2,925,003 Class B Shares of GrowHealthy Holdings, LLC ("GrowHealthy") for a total purchase price of US$3.0 million pursuant to a Class B Share Purchase Agreement (the "Preferred Share Purchase"). The Preferred Share Purchase represents approximately 6.1% of the issued and outstanding equity shares of GrowHealthy. In addition to closing the Preferred Share Purchase, iAnthus continues to engage in exclusive discussions with GrowHealthy and its affiliated Florida entities about a further strategic relationship. For further details on the exclusivity with GrowHealthy, see iAnthus' news release dated September 14, 2017 (a copy of which is filed under iAnthus SEDAR profile at www.sedar.com).

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