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NEW YORK and TORONTO, Aug. 23, 2021 /PRNewswire/ – 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, announces that it is in receipt of a purported notice (the “Purported Notice”) from the Lenders and the Consenting Debenture Holders (as such terms are defined in the Restructuring Support Agreement dated July 10, 2020, as amended on June 15, 2021 (the “RSA”)). The Purported Notice seeks to unilaterally extend the outside date (the “Outside Date”) for closing the recapitalization transaction (the “Recapitalization Transaction”) beyond the existing Outside Date, August 31, 2021, to “the date on which any regulatory approval or consent condition to implementation of the Plan is satisfied or waived.
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