Upon A Change Of Control Of The Company, Holders Of The Convertible Debentures Will Have The Right To Require The Company To Repurchase Their Convertible Debentures, In Whole Or In Part, On The Date That Is 30 Days Following The Giving Of Notice Of The Change Of Control, At A Price Equal To 104% Of The Principal Amount Of The Convertible Debentures Then Outstanding Plus Accrued And Unpaid Interest Thereon (the Offer Price).

The Convertible Debentures will have a maturity date of 24 months from the Closing Date of the Offering (the “Maturity Date”). The Convertible Debentures will be subject to redemption, in whole or in part, by the Company at any time after 12 months upon giving holders not less than 30 and not more than 60 days’ prior written notice, at a price equal to the then outstanding principal amount of the Convertible Debentures plus all accrued and unpaid interest up to and including the redemption date. Upon a change of control of the Company, holders of the Convertible Debentures will have the right to require the Company to repurchase their Convertible Debentures, in whole or in part, on the date that is 30 days following the giving of notice of the change of control, at a price equal to 104% of the principal amount of the Convertible Debentures then outstanding plus accrued and unpaid interest thereon (the “Offer Price”). If 90% or more of the principal amount of the Convertible Debentures outstanding on the date of the notice of the change of control have been tendered for redemption, the Company will have the right to redeem all of the remaining Convertible Debentures at the Offer Price. Net proceeds from the Offering will be used primarily for funding the Credit Facility and for general working capital purposes. About iAnthus Capital Holdings iAnthus Capital Holdings, Inc., through its 100% owned subsidiary, iAnthus Capital Management, colorado marijuana LLC, delivers a comprehensive solution for financing licensed cannabis cultivators, processors and dispensaries throughout the United States . Founded by entrepreneurs with decades of experience in investment banking, corporate finance, law and healthcare services, we provide our licensed partners with a unique combination of investment capital and value-added cannabis industry expertise. We harness these capabilities to support a diversified portfolio of cannabis industry investments for our shareholders across the U.S. regulated cannabis market.

To read more visit http://finance.yahoo.com/news/ianthus-capital-u-cannabis-industry-215500322.html

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