Mr. Richard Proud reports

IANTHUS ANNOUNCES THIRD MEDICAL CANNABIS DISPENSARY AND GRAND OPENING OF NEW JERSEY ADULT USE DISPENSARY

iAnthus Capital Holdings Inc. has opened medical sales at MPX-NJ in Pennsauken, N.J., and held a grand opening celebration at MPX-NJ in Gloucester township, New Jersey, for adult-use sales. The opening of its Pennsauken, NJ dispensary gives iAnthus three (3) locations in New Jersey and 36 across the United States.

This expansion not only amplifies iAnthus' commitment to providing premium cannabis products to the New Jersey market but also strengthens its foothold in the state's thriving cannabis industry. "We are thrilled to open the dispensaries of MPX-NJ Pennsauken and MPX-NJ Gloucester Township, as we continue our commitment to bringing high quality products and exceptional patient-focused experiences to the communities across New Jersey," said Richard Proud, CEO of iAnthus. "The cannabis landscape in New Jersey is rapidly evolving, and we are excited to be at the forefront."

The MPX-NJ dispensary in Pennsauken, located near Cooper River at 5035 Central Highway, Pennsauken, New Jersey opened its door for medical sales on September 25, 2023 and is the closest NJ dispensary to Philadelphia, Pennsylvania - located directly across the Ben Franklin bridge and providing a local dispensary to the communities of Pennsauken, Cherry Hill, Haddon Township, Collingswood, and surrounding municipalities across Camden County.

The MPX-NJ dispensary in Gloucester Township, located at 581 Berlin-Cross Keys Road, Sicklerville, New Jersey is currently operational for both medical patients and adults over the age of 21 and will host its grand opening celebration on Saturday, September 30, 2023 from 2 p.m.to 6 p.m. This event will feature a range of activities, promotions, and opportunities for community members to experience the wide selection of products available.

About iAnthus

iAnthus owns and operates licensed cannabis cultivation, processing and dispensary facilities throughout the United States. For more information, visit www.iAnthus.com.

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