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NEW YORK and TORONTO, Feb. 3, 2022 /PRNewswire/ – iAnthus Capital Holdings, Inc. (“iAnthus” or the “Company”) (CSE: IAN) (OTC: ITHUF), which owns, operates and partners with regulated cannabis operations across the United States, announces the closing of its acquisition of 100% of the equity interests of MPX New Jersey, LLC (“MPX NJ”), a medical cannabis permit holder in New Jersey. The Company’s wholly-owned subsidiary, iAnthus New Jersey, LLC (“iAnthus NJ”), pursuant to a loan agreement (the “Loan Agreement”) with MPX NJ dated October 24, 2018, exercised its right to convert the principal balance of the loans and accrued interest owed thereon into a 99% equity interest in MPX NJ, which conversion was subject to certain regulatory approvals.
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