iAnthus Announces Results from Annual General and Special Meeting

Rhea-AI Summary

iAnthus Capital Holdings announced the results of their Annual General and Special Meeting of Shareholders held on June 27, 2024. Key resolutions put forward were approved, including the election of Scott Cohen, Michelle Mathews-Spradlin, Kenneth W. Gilbert, Alexander Shoghi, and Richard Proud as directors. Additionally, PKF O'Connor Davies, LLP was appointed as the company's auditors, and the amended and restated Omnibus Incentive Plan received shareholder approval.

Positive

• Approval of all resolutions put forward, indicating shareholder confidence.
• Election of a new board of directors, potentially bringing fresh perspectives.
• Appointment of a new auditor, which may improve financial transparency.
• Approval of the amended and restated Omnibus Incentive Plan, which could enhance employee motivation and retention.

Negative

• None.

News Market Reaction – ITHUF

+7.53%

+7.53% Session move

In the trading session that priced this news, ITHUF gained 7.53%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK and TORONTO, June 27, 2024 /PRNewswire/ - iAnthus Capital Holdings, Inc. ("iAnthus" or the "Company") (CSE: IAN) (OTCQB: ITHUF), which owns, operates and partners with regulated cannabis operations across the United States, is pleased to report the results for the Annual General and Special Meeting of Shareholders of iAnthus held on Thursday, June 27, 2024 at 12:00 p.m. (Eastern Time).

All matters put forward before the iAnthus shareholders (the "Shareholders") for consideration and approval as set out in the Proxy Statement dated May 22, 2024, were approved by the Shareholders. Specifically, the Shareholders: (i) approved the election of Scott Cohen, Michelle Mathews-Spradlin, Kenneth W. Gilbert, Alexander Shoghi, and Richard Proud as directors of the Company; (ii) approved the appointment of PKF O'Connor Davies, LLP as auditors of the Company, and (iii) approved the amended and restated Omnibus Incentive Plan.

About iAnthus

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

Neither the Canadian Securities Exchange nor the U.S Securities and Exchange Commission has reviewed, approved or disapproved the content of this news release.

View original content to download multimedia:https://www.prnewswire.com/news-releases/ianthus-announces-results-from-annual-general-and-special-meeting-302185111.html

SOURCE iAnthus Capital Holdings, Inc.

FAQ

What were the results of the iAnthus Annual General and Special Meeting held on June 27, 2024?

All matters put forward for consideration were approved, including the election of new directors, appointment of auditors, and the approval of the amended and restated Omnibus Incentive Plan.

Who were elected as directors in the iAnthus meeting on June 27, 2024?

The elected directors are Scott Cohen, Michelle Mathews-Spradlin, Kenneth W. Gilbert, Alexander Shoghi, and Richard Proud.

Which firm was appointed as the new auditor for iAnthus on June 27, 2024?

PKF O'Connor Davies, LLP was appointed as the new auditor.

What is the significance of the Omnibus Incentive Plan approval at the iAnthus meeting?

The approval of the amended and restated Omnibus Incentive Plan could enhance employee motivation and retention.