Friday, May 30, 2025

Latest

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 Holdings (CSE: IAN) shareholder. The company this morning announced that it has received a notice of appeal in relation to the recent approval by the courts of the recapitalization transaction.

The appeal was filed by a number of significant investors in the firm, including Walmer Capital Limited, Island ivnestments Holdings Limited and Alastair Crawford. The appeal was filed in connection with the Supreme Court of British Colombia decision to approve the recapitalization transaction.

The appeal itself is not said to indicate on what grounds the appeal to the approval is being sought. However, iAnthus has indicated that it will be responding to the appeal and will deliver a Notice of Appearance by November 13, 2020.

The plan of arrangement, approved by the Supreme Court of British Colombia early in October, effectively left shareholders with 2.75% of the company after secured and unsecured debt holders essentially took an equal split in ownership of the remaining 97.25% of the company.

iAnthus Capital last traded at $0.095 on the CSE.


Information for this briefing was found via Sedar, BC Courts 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.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

iAnthus Capital Sees Former Officer File Complaint Against Firm Related To New Jersey Operations

It appears that iAnthus Capital Holdings (CSE: IAN) is going head to head with that...

Monday, January 25, 2021, 08:52:33 AM

Behind The Scenes At iAnthus Capital. A Deep Dive Into “Project Greta”

It’s been a busy April over at iAnthus Capital Holdings (CSE: IAN). The company covered...

Monday, April 27, 2020, 10:16:05 AM

iAnthus Capital to Open Second Facility, New Dispensaries in Massachusetts

iAnthus Capital Holdings (CSE: IAN) this morning provided an update on the firms Massachusetts operations,...

Thursday, December 5, 2019, 10:23:39 AM

iAnthus Capital Sees Courts Reject Appeal To Recapitalization Transaction

It appears that the shareholders of iAnthus Capital (CSE: IAN) were unsuccessful in the appeal...

Friday, January 29, 2021, 07:40:01 PM

iAnthus Capital Sees Beth Stavola Resign From Company

iAnthus Capital Holdings (CSE: IAN) last night announced that Elizabeth (Beth) Stavola has resigned from...

Wednesday, August 5, 2020, 08:00:00 AM