iAnthus Capital Holdings, Inc. Issues Interest Shares
December 6, 2016 (Source) — iAnthus Capital Holdings, Inc. (“iAnthus” or the “Company”) (CSE: IAN) (CSE: IAN.CN) (CNSX: IAN), announces that payment of interest in the amount of US$526 and principal of US$25,000 pursuant to a convertible promissory note purchase agreement entered into on February 24, 2016 (the “Loan Agreement”), has been satisfied by delivery of 15,152 common shares of iAnthus (the “Principal Shares”) and a further 325 common shares of iAnthus (the “Interest Shares”). The calculation of the number of Principal Shares issued was based on an effective price of US$1.65 per Principal Share for settlement of US$25,000 of principal and the calculation of the number of Interest Shares issued was based on an effective price of US$1.62 per Interest Share for settlement of US$526 of interest. The Interest Shares are subject to a four-month hold period expiring on April 7, 2017.
About iAnthus Capital Holdings, Inc.
iAnthus Capital Holdings, Inc., through its 100% owned subsidiary, iAnthus Capital Management, LLC, delivers a comprehensive solution for financing and managing licensed cannabis cultivators, processors and dispensaries throughout the United States. Founded by entrepreneurs with decades of experience in investment banking, corporate finance, law and healthcare services, iAnthus provides a unique combination of capital and hands-on operating and management expertise. The Company harnesses these skills to support a diversified portfolio of cannabis industry investments for our shareholders, including direct equity investments in for-profit license holders and lending facilities coupled with management services to not-for-profit license holders. For more information, visit www.ianthuscapital.com.
The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.
Get our daily investorintel update
InvestorIntel is a trusted source of reliable information at the forefront of emerging markets that brings investment opportunities to discerning investors.