On March 29, 2024, Mr. Philippe Faraut resigned as Chief Financial Officer of iAnthus Capital Holdings, Inc. (the Company) as well as all positions with the Company?s subsidiaries and its affiliates, effective as of April 5, 2024 (the ?Resignation Date?). Mr. Faraut will continue to serve the Company in a consulting role for a period of one month following the Resignation Date. Mr. Faraut has served as the Company?s Chief Financial Officer since November 2022.

The Company has appointed Justin Vu to serve as Interim Chief Financial Officer of the Company, effective as of the Resignation Date. Mr. Vu joined iAnthus in early 2023 as Senior Vice President of Finance. Prior to joining iAnthus, Mr. Vu was a financial consultant from May 2021 to May 2023 and from January 2012 to February 2021 worked in various senior finance and accounting roles with a large US-based media and entertainment company.

The Company has initiated a comprehensive search for a permanent Chief Financial Officer, which will focus on identifying an individual with a strong financial background, a strategic mindset to drive iAnthus? strategy forward and a commitment to the growth and progression of the Company.