iAnthus will miss June 30 interest payments on convertibles

Chicago, June 11 – iAnthus Capital Holdings, Inc. announced that the company is not in a position to make interest payments due on June 30 on its convertible notes, according to a press. release.

Specifically, iAnthus has total debt obligations of $159.1 million, including $97.5 million of 13% senior secured convertible debentures, $60 million of 8% unsecured convertible debentures and $1.6 million of other debt obligations.

The company missed the interest payments due on March 31, as previously reported.

The strategic alternatives review process which was announced earlier is still ongoing.

iAnthus is an operator of cannabis cultivation, processing and dispensary facilities throughout the United States. It is based in New York and Toronto.

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