iAnthus Receives Approval to Dispense Flower in Florida; Plans to Report Fourth Quarter and Full Year 2018 Financial Results on April 1, 2019

News provided by

Mar 25, 2019, 18:37 ET

NEW YORK and TORONTO, March 25, 2019 /PRNewswire/ - iAnthus Capital Holdings, Inc. ("iAnthus" or the "Company") (CSE: IAN, OTCQX: ITHUF), which owns, operates, and partners with best-in-class regulated cannabis operations across the United States, is pleased to announce today that it has received approval from the Florida Department of Health to sell whole flower smokable product to its Florida patients. iAnthus will source flower from its state-of-the-art 240,000 square foot cultivation facility in Lake Wales, Florida. iAnthus currently serves Florida's 246,000 registered patients through delivery and three open dispensaries in West Palm Beach, Brandon, and Lake Worth, and plans to open 17 additional locations in the state in 2019.

Q4 and Full Year 2018 Results Conference Call and Webcast Details

iAnthus plans to release its audited fourth quarter and full year 2018 financial results on Monday April 1, 2019 after market close. The Company will hold a conference call for financial analysts and investors at 8:30am ET on Tuesday, April 2, 2019 to discuss the Company's fourth quarter and full year 2018 financial results. The call will be archived and available on iAnthus' website for replay. Please visit https://www.ianthuscapital.com/investors to access the archived conference call.

Dial-In Number: (888) 231-8191 or international: (647) 427-7450

Webcast: https://event.on24.com/wcc/r/1970056/D6B5590CEDB38FB318157CACA1A00980

A replay of the call will be available for 7 days by dialing: (855) 859-2056 and entering password 6689825.

Additional information about iAnthus may be accessed on the Company's website at www.ianthuscapital.com and under the Company's SEDAR profile at www.sedar.com.

About iAnthus Capital Holdings, Inc.

iAnthus Capital Holdings, Inc. owns and operates best-in-class licensed cannabis cultivation, processing and dispensary facilities throughout the United States, providing investors diversified exposure to the U.S. regulated cannabis industry. Founded by entrepreneurs with decades of experience in operations, investment banking, corporate finance, law and health care services, iAnthus provides a unique combination of capital and hands-on operating and management expertise. iAnthus currently has operations in 11 states, and operates 21 dispensaries (AZ-4, MA-1, MD-3, FL-3, NY-2, CO-1, VT-1 and NM-6 where iAnthus has minority ownership). For more information, visit www.iAnthusCapital.com.

Forward Looking Statements

Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in iAnthus' periodic filings with Canadian securities regulators. When used in this news release, words such as "will, could, plan, estimate, expect, intend, may, potential, believe, should, our vision" and similar expressions, are forward-looking statements.

Forward-looking statements may include, without limitation, statements including dispensary locations, facility build-outs, and other statements of fact.

Readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this release. iAnthus disclaims any intention or obligation to update or revise such information, except as required by applicable law, and iAnthus does not assume any liability for disclosure relating to any other company mentioned herein.

The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

SOURCE iAnthus Capital Holdings, Inc.