iAnthus Announces Closing of Incremental US$25.0 Million Private Placement of Unsecured Convertible Note Units

(“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 that it has completed the private placement offering of an incremental US$25.0 million of unsecured convertible notes and corresponding warrants (the “Offering”), as an add-on to the private placement offering of US$35 million convertible note units announced on March 18 . The Company has issued units consisting of US$25.0 million aggregate principal amount of unsecured convertible notes, maturing on March 15, 2023 (the “Notes”) and 1,555,207 warrants (“Warrants”) to purchase common shares of the Company (“Common Shares”).

READ MORE: https://finance.yahoo.com/news/ianthus-announces-closing-incremental-us-103000624.html?.tsrc=rss