iAnthus Capital Holdings, Inc. (“iAnthus” or the “Company”) (CSE: IAN, OTCPK: ITHUF), which owns, operates and partners with regulated cannabis operations across the United States, provides an update with respect to the Company’s Annual General Meeting. As disclosed in the Company’s news release dated November 4, 2021, The BC Registrar of Companies (the “BC Registrar”) granted a further extension extending the deadline to hold the Company’s Annual General Meeting for the year 2020 (the “2020 AGM”) from October 31, 2021 to December 31, 2021. On November 19, 2021, the BC Registrar declined to grant any further extension for the Company to hold the 2020 AGM, citing its policy of allowing maximum extensions of 12 months.
Today, iAnthus filed a Notice of Appeal in the Supreme Court of British Columbia appealing the BC Registrar’s decision further to section 406 of the British Columbia Business Corporations Act, SBC 2002, c 57 (the “Appeal”). iAnthus asks the court for an extension to hold the 2020 AGM to June 30, 2022 as, among other things, the Company’s previously announced recapitalization transaction has not yet closed. No hearing date for the Appeal has yet been scheduled yet.
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