iAnthus Closes Previously Announced Agreement to Acquire Nationally Distributed CBD Products Brand, CBD For Life for $10.4 Million

NEW YORK and TORONTO , June 28, 2019 /CNW/ – iAnthus Capital Holdings, Inc. (“iAnthus” or the “Company”) (CSE: IAN, OTCQX: ITHUF), which owns, operates, and partners with best-in-class regulated cannabis operations across the United States , is pleased to announce that its U.S. subsidiary has closed the previously announced acquisition of CBD For Life, a top-ranked, national CBD brand in the U.S. CBD For Life’s products are sold directly to consumers online at www.cbdforlife.us as well as in over 1,000 retail locations in 46 states, with a dedicated sales channel working with national retailers to on-board new locations weekly. Since announcing the Urban Outfitters relationship in mid-April 2019 , the retailer has expanded the lineup of CBD For Life products it carries and the number of retail locations in which it offers them.

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