TORONTO, ON and NEW YORK, NY--(Marketwired - September 09, 2016) - iAnthus Capital Holdings, Inc. ("iAnthus" or the "Company") (CSE: IAN), announces that it has granted incentive stock options, exercisable at CAD $1.50, to purchase up to an aggregate of 273,000 shares of the Company, to consultants, employees, and members of the Company's Advisory Board.
All options are subject to any earlier termination in accordance with their terms. The 273,000 options have the following vesting periods:
- 130,000 options vest quarterly over one year starting September 30, 2016;
- 50,000 options vest 10% on September 30, 2016 and at 7.5% quarterly thereafter;
- 40,000 options vest at 12.50% every quarter starting September 30, 2016;
- 33,000 options vest 10% on September 30, 2016 and at 11.5% quarterly thereafter; and
- 20,000 options vest at 12.50% every quarter starting September 30, 2017
The aforementioned stock options are subject to applicable regulatory filings.
Additional information about iAnthus may be accessed on the Company's website at www.ianthuscapital.com and under the Company's SEDAR profile at www.sedar.com.
About iAnthus Capital Holdings, Inc.
iAnthus Capital Holdings, Inc., through its 100% owned subsidiary, iAnthus Capital Management, LLC, delivers a comprehensive solution for financing and managing 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, iAnthus provides a unique combination of capital and hands-on operating and management expertise. The Company harnesses these skills to support a diversified portfolio of cannabis industry investments for our shareholders, including direct equity investments in for-profit license holders and lending facilities coupled with management services to not-for-profit license holders. For more information, visit www.ianthuscapital.com.
The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.