iAnthus Adds Key Members to Operations, Marketing and Legal Teams and Comments on Recent Option Grant

(“iAnthus” or the “Company”) (IAN.CN) (ITHUF), which owns, operates, and partners with best-in-class regulated cannabis operations across the United States, is pleased to announce several recent senior additions to its operating, marketing and legal teams. With these goals in mind, I am thrilled to welcome several new senior members to the iAnthus team.  Experienced talent is hard to find in the cannabis industry and one of the promises we make to our team is that they will be rewarded for the work they do.  Recently we issued options for existing team members and initial grants for new hires, impacting over 160 team members and strategic consultants to the Company.  Shortly after the issuance of these options, the market and particularly the stocks of the U.S. cannabis multistate operators, including iAnthus, declined significantly for general market and sector reasons that we believe were not related to and did not properly reflect the performance of the Company’s new hires and existing team.

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