Wednesday, May 7, 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

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

Giant Mining Encounters Native Copper As Hole MHB-34 Hits 563 Metres Depth

Verses Hits Commercialization Stage With Genius AI Platform

Related News

iAnthus Capital Sees Another Director Resign

iAnthus Capital (CSE: IAN) continues to see executives make way for the exit, a notable...

Thursday, November 19, 2020, 09:10:54 AM

Gotham Green Partners To Enforce Security Over iAnthus Capital’s Assets

It appears that the issuance of a cease trade order last night is the least...

Tuesday, June 23, 2020, 09:01:12 AM

iAnthus iLlustrated: A Graphic Look At GrowHealthy Operations In The Sunshine State

This author was not surprised by the asset write down included in the treatment of...

Wednesday, April 29, 2020, 12:00:00 PM

iAnthus Hits $120M Pro-Forma Revenue Run Rate

This evening iAnthus Capital Holdings (CSE: IAN) released quarterly earnings. The company showed strong top-line...

Wednesday, November 20, 2019, 08:08:18 PM

iAnthus Approved To Enter Adult Use Massachusetts Market

iAnthus Capital Holdings (CSE: IAN) will be proceeding with adult-use operations in the state of...

Friday, January 24, 2020, 08:08:17 AM