iAnthus Capital Holdings (TSE:IAN) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
iAnthus Capital Holdings has reached a settlement agreement to resolve legal proceedings with Ninth Square Capital Corporation over alleged oppressive conduct. As part of the settlement, iAnthus will issue 5,000,000 common shares to Ninth Square at a deemed price of C$0.01 per share. The agreement includes no admission of wrongdoing by iAnthus, and the shares will be issued under exemptions from Canadian and U.S. securities laws.
For further insights into TSE:IAN stock, check out TipRanks’ Stock Analysis page.