Mr. Richard Proud reports

IANTHUS ANNOUNCES APPOINTMENT OF JASON WARE AS CFO

iAnthus Capital Holdings Inc. has appointed Jason Ware as chief financial officer, effective immediately.

"We are thrilled to welcome Jason to iAnthus as we continue to strengthen our foundation, improve performance and position the company for long-term growth," said Richard Proud, chief executive officer of the company. "Jason brings the discipline, operational mindset and leadership experience to help drive our next phase. I am confident he will be a strong partner to me, our leadership team and our board of directors."

Mr. Ware brings more than 20 years of finance leadership experience across public companies and high-growth consumer brands, including Genesco, Nutrafol, Victoria's Secret and L Brands, with deep expertise in financial planning and analysis, capital allocation, strategic planning, and investor relations.

"I am excited to join iAnthus at this moment in the company's evolution," said Mr. Ware. "The company has built a strong foundation -- premium brands, multistate operations and real market positions. I look forward to partnering with Richie and the team to drive operational performance, sharpen our capital strategy and unlock the full value of the iAnthus platform."

Immediately prior to the appointment of Mr. Ware as chief financial officer, Justin Vu resigned as chief financial officer of the company as well as all positions with the company's subsidiaries and affiliates. Mr. Vu has served as the company's chief financial officer since Jan. 6, 2025, previously serving as the company's interim chief financial officer since April 5, 2024, and senior vice-president of finance since early 2023. Mr. Vu will continue to serve the company in a consulting role for a period of up to six weeks following Mr. Vu's resignation.

"On behalf of the company, we would like to thank Justin for his contributions and commitment to iAnthus since 2023. He has been a valuable member of the executive team, and we wish him the best in all his future endeavours," said Mr. Proud, chief executive officer of iAnthus.

About iAnthus Capital Holdings Inc.

iAnthus is a vertically integrated cannabis company on a mission to build premium brands through a network of cultivation, production and retail operations across the United States. Backed by a leadership team with deep expertise in cultivation, operations and capital markets, the company strategically leverages acquisition-driven growth and access to capital to create long-term competitive advantage. iAnthus's brand portfolio includes: MPX, Anthologie, Black Label, Cheetah, Frutful, Last Resort, Moodz, Sunshine State and The Vault.

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