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Ianthus Capital Holdings Inc C.IAN

Alternate Symbol(s):  ITHUF

iAnthus Capital Holdings, Inc. is a vertically integrated, multi-state owner and operator of licensed cannabis cultivation, processing, and dispensary facilities. The Company is also a developer, producer, and distributor of branded cannabis and cannabidiol (CBD) products in the United States. Through its subsidiaries, the Company owns and/or operates 37 dispensaries and eight cultivation and/or processing facilities in seven United States. Its multi-state operations encompass a full range of medical and adult-use cannabis enterprises, including cultivation, processing, product development, wholesale-distribution, and retail. The Company offers various cannabis products, which includes flower and trim, products containing cannabis flower and trim, such as packaged flower and pre-rolls; cannabis infused products, such as topical creams and edibles and products containing cannabis extracts, such as vape cartridges, concentrates, live resins, wax products, oils, and tinctures.


CSE:IAN - Post by User

Post by Parakaloon Jan 25, 2021 11:18am
1074 Views
Post# 32375301

Ianthus had bidders

Ianthus had bidders
Sean Zaboroski:
Hang on. But I think that's your question. We know from like a good source that you guys may have made an offer will reasonably serious along the line, down the line, and it was rejected. And we seen, and we also understand that it was a better offer. 2.75% that we're getting now. So let me, let me, look if it's okay with you guys, because what we, we want to avoid is a situation where somehow we end up, um, being in a position that is, um, disadvantaged in relative to the court or relative to any particular. Stakeholder
 
Andro George:
So what's your concern right now? What's your number one concern that you're, you're afraid to breach the NDA?

Nicholas Vita:
But the number one concern is that we signed an NDA that basically said we cannot engage with shareholders. We cannot engage. We can't, we can't speak directly to, um, to anybody outside of the process, meaning we could, we could, we could, um, theoretically submit something to Canaccord uh, or to the company. Um, but what we can't, I, it is such a well, um, it's such a, such a narrowing set of language that we're our concern is that we, you know, anytime you've got a court involved in, you know, candidly, I'm not a Canadian, uh, sort of restructuring expert at all.

Nicholas Vita:
Okay, so, so the, the, the thing that we're running into, where we run into trouble is that, you know, um, and I did talk to, I did talk to, uh, Gotham. Uh, I spoke to, uh, uh, Jason and, you know, he has no, not surprising his advice was don't do anything until, until mid late September, because there's going to be a vote. And that at that time of the vote there, they were expecting the shareholders to support it. What's interesting is that the shareholders are still in charge of the board and the shareholders have a right to reject the plan and gaze to go into the next, the next stage of restructuring
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