Thursday, July 3, 2025

iAnthus Capital Fails To Meet Self Imposed Filing Deadline Again

In a move surprising pretty well no one, iAnthus Capital Holdings (CSE: IAN) failed to meet their self imposed filing deadline of June 30 last night. The firm had originally announced on June 17, following the issuance of its cease trade order on the Canadian Securities Exchange, that it anticipated to complete the filing of its annual financial statements by the end of the month.

The result is that investors are currently unaware of revenues generated by iAnthus in October 2019 more than nine months later.

This failure was expected by the majority of investors that have followed the downfall of the US multi state operator, and rather unsurprising given that Gotham Green Partners has moved in to secure assets from the company for both failing to pay its interest obligations as well as defaulting on its covenants. It’s currently believed that Gotham will be able to secure certain assets of iAnthus and MPX subsidiary as of Friday, based on the language included in a news release filed June 23, 2020.

Furthermore, with the company likely having defaulted on its interest payment that was due to occur yesterday, it’s likely that further creditors will now be moving in to pick over what little assets of iAnthus are left following GGP’s enforcement of security, if any remain at all. Despite iAnthus having stated that it has undergone a strategic review for alternatives since April, the company has yet to announce a sufficient plan to allow the firm to remain operational.

iAnthus Capital Holdings remains halted on the CSE.


Information for this briefing was found via Sedar and iAnthus Capital Holdings Inc. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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