Thursday, September 11, 2025

iAnthus Expects Further Filing Delays, Likely To Receive Cease Trade Order

iAnthus Capital Holdings (CSE: IAN) this evening issued an update related to its fourth quarter and full fiscal year 2019 financial statements, indicating that the required filings will “likely be delayed until after the extended filing deadline of June 15, 2020.” The result, is that the company expects its equity to be issued a cease trade order until such time that it files the required documents with the exchange.

The extension for the delayed filings, as most investors know, was the result of the ongoing coronavirus pandemic. As a result of this, the exchange granted a blanket extension to issuers for a period of 45 days, to enable them to overcome any potential delay in filing. iAnthus has utilized that extension, which expires on June 15, 2020.

With regards to the filings, the company has stated that it is “working diligently” to file the documents “as soon as feasible.” As a result of this further delay, the company is likely to be issued a cease trade order by the Ontario Securities Commission. After this, the company will have 90 days to file the required filings, and if it fails to do so iAnthus is at risk of being delisted altogether.

Furthermore, the company has also indicated that it will not be making required interest payments on both its secured and unsecured debentures. Such payment is due on June 30, 2020. The company currently has debt obligations of $159.1 million, of which $97.5 million is 13.0% senior secured convertible debentures, $60 million of 8.0% unsecured convertible debentures, and $1.6 million in other debt.

iAnthus Capital Holdings last traded at $0.43 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.

Video Articles

Avino Q2 Earnings: Steady As She Goes

MEG Energy: Cenovus Comes In With $7.9 BILLION Offer

Orla Mining Q2 Earnings: Musselwhite Changes Everything

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Shareholders Of iAnthus Capital Appeal Recapitalization Transaction

Sometimes, people just don’t give up. That’s especially true, evidently, if you’re an iAnthus Capital...

Thursday, November 5, 2020, 08:36:59 AM

iAnthus Receives Green Light To Resume Trading

iAnthus Capital Holdings (CSE: IAN) has received the green light to resume trading from the...

Monday, August 17, 2020, 10:58:26 AM

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...

Wednesday, July 1, 2020, 10:09:49 AM

EXCLUSIVE: Is iAnthus Capital Considering A Management Buyout Offer?

It appears that one of the strategic alternatives that iAnthus Capital Holdings (CSE: IAN) is...

Tuesday, April 21, 2020, 11:18:22 PM

iAnthus Further Delays Q4 Financial Results To Extended Deadline

Well, it looks like the general consensus might have been (just barely) correct for once...

Friday, May 29, 2020, 08:50:11 AM