IAnthus Capital Holdings, Inc. (OTCPK:ITHU.F) acquired all assets from GrowHealthy Holdings, LLC for $48.7 million.
January 17, 2018
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iAnthus Capital Holdings, Inc. (OTCPK:ITHU.F) acquired all assets from GrowHealthy Holdings, LLC for $48.7 million on January 17, 2018. As per the terms of acquisition, iAnthus Capital Holdings will pay $17.5 million in cash, $5 million consideration for rights to a $5 million GrowHealthy performance bond and will issue 12.1 million common shares of iAnthus Capital. In a related transaction, iAnthus Capital has issued $20 million aggregate principal amount of unsecured debentures.
iAnthus Capital Holdings, Inc. (OTCPK:ITHU.F) completed the acquisition of all assets from GrowHealthy Holdings, LLC on January 17, 2018.
iAnthus Capital Holdings, Inc. is a vertically integrated, multi-state owner and operator of licensed cannabis cultivation, processing, and dispensary facilities. The Company is also a developer, producer, and distributor of branded cannabis and cannabidiol (CBD) products in the United States. Through its subsidiaries, the Company owns and/or operates 37 dispensaries and eight cultivation and/or processing facilities in seven United States. Its multi-state operations encompass a full range of medical and adult-use cannabis enterprises, including cultivation, processing, product development, wholesale-distribution, and retail. The Company offers various cannabis products, which includes flower and trim, products containing cannabis flower and trim, such as packaged flower and pre-rolls; cannabis infused products, such as topical creams and edibles and products containing cannabis extracts, such as vape cartridges, concentrates, live resins, wax products, oils, and tinctures.