Item 8.01 Other Events.
On November 21, 2022, iAnthus Capital Holdings, Inc. (the "Company") issued a
press release announcing that on November 14, 2022, Michael Weisser ("Weisser")
filed an application in the Supreme Court of British Columbia (the
"Application") with respect to the petition proceeding commenced by Weisser on
June 20, 2022 against the Company and its board of directors (the "Petition").
Pursuant to the Application, Weisser seeks to (i) add holders of the Company's
13% senior secured convertible debentures and holders of a majority of the
Company's 8% unsecured convertible debentures as respondents, (ii) amend the
Petition to request that the previously consummated recapitalization transaction
and results of the 2020 annual general meeting be set aside, and (iii) for the
Petition to be amended to provide for interim relief. Furthermore, Weisser is
requesting that the pending a further annual general meeting with respect to the
Company's 2019 fiscal year, the existing directors of the Company be replaced by
an interim slate of directors nominated by Weisser. The Company is reviewing the
Application and will be requesting that the Petition be dismissed.
A copy of the press release is attached hereto as Exhibit 99.1, and the
information contained therein is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 Press release dated November 21, 2022
104 Inline XBRL for the cover page of this Current Report on Form 8-K
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