TORONTO and NEW YORK, June 4, 2018 /CNW/ - iAnthus Capital Holdings, Inc. ("iAnthus" or the "Company"), (CSE: IAN)(CSE: IAN.CN)(CNSX: IAN)(OTCQB: ITHUF), which owns, operates, and partners with licensed cannabis operations throughout the United States, announces that the Company has granted 570,000 common shares in the capital of the company, exercisable at CAD $5.70 per stock option (the "Exercise Price"), to employees and a consultant of the Company.
All stock options are exercisable for a period of 10 years, subject to any earlier termination in accordance with their terms.
545,000 stock options have the following vesting periods:
- 12.5% will vest and be exercisable on or after June 30, 2018;
- 12.5% will vest and be exercisable on or after September 30, 2018;
- 12.5% will vest and be exercisable on or after December 31, 2018;
- 12.5% will vest and be exercisable on or after March 31, 2019;
- 12.5% will vest and be exercisable on or after June 30, 2019;
- 12.5% will vest and be exercisable on or after September 30, 2019;
- 12.5% will vest and be exercisable on or after December 31, 2019; and
- 12.5% will vest and be exercisable on or after March 31, 2020.
25,000 stock options have the following vesting periods:
- 25% will vest and be exercisable on or after June 30, 2018;
- 25% will vest and be exercisable on or after September 30, 2018;
- 25% will vest and be exercisable on or after December 31, 2018; and
- 25% will vest and be exercisable on or after March 31, 2019;
The stock options are subject to applicable regulatory filings.
About iAnthus Capital Holdings, Inc.
iAnthus Capital Holdings, Inc. provides investors diversified exposure to best-in-class licensed cannabis cultivators, processors and dispensaries throughout the United States. Founded by entrepreneurs with decades of experience in operations, investment banking, corporate finance, law and health care services, iAnthus provides a unique combination of capital and hands-on operating and management expertise. The Company harnesses these skills to support operations across five states. For more information, visit www.iAnthusCapital.com.
Forward Looking Statements
Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in iAnthus' periodic filings with Canadian securities regulators. When used in this news release, words such as "will, could, plan, estimate, expect, intend, may, potential, believe, should," and similar expressions, are forward-looking statements.
Forward-looking statements may include, without limitation, statements including statements related to the regulatory filings associated with the incentive stock options.
Although iAnthus has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended, including, but not limited to: dependence on obtaining regulatory approvals; investing in target companies or projects which have limited or no operating history and are engaged in activities currently considered illegal under US Federal laws; change in laws; limited operating history; reliance on management; requirements for additional financing; competition; hindering market growth and state adoption due to inconsistent public opinion and perception of the medical-use and adult-use marijuana industry and; regulatory or political change.
There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. As a result of these risks and uncertainties, the results or events predicted in these forward-looking statements may differ materially from actual results or events.
Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this release. iAnthus disclaims any intention or obligation to update or revise such information, except as required by applicable law, and iAnthus does not assume any liability for disclosure relating to any other company mentioned herein.
The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.
SOURCE iAnthus Capital Holdings, Inc.
For further information: Corporate: Julius Kalcevich, Chief Financial Officer, iAnthus Capital Holdings, Inc., 646-518-9418, [email protected]; U.S. Investors: Phil Carlson/Elizabeth Barker, KCSA Strategic Communications, [email protected]; Canadian Investors: Nicole Marchand, Nicole Marchand Investor Relations, [email protected]; Media: Carrie Booze, North 6th Agency, 212-334-9753 ext.120, [email protected]