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iAnthus to Open First Northeast Be. Store on Staten Island – New Cannabis Ventures

February 24, 2020

NEW YORKandTORONTO,Feb. 24, 2020/PRNewswire/ –iAnthus Capital Holdings, Inc.(“iAnthus” or the “Company”) (CSE: IAN,OTCQX:ITHUF), which owns, operates, and partners with best-in-class regulated cannabis operations acrossthe United States, is pleased to announce the opening of its first NortheastBe.retail store located on Staten Island. A soft opening is planned forMarch 11, 2019.

The 3,850 square foot store, located at 338 New Dorp Lane, will be the only Registered Organization serving the borough ofStaten Island’spopulation of close to 500,000. A grand opening celebration forBe.Staten Islandis scheduled forMarch 26, 2020.

We are thrilled to debut our newBe.retail brand for the patients ofStaten Island, who have long been underserved by the legal cannabis market.

Hadley Ford, CEO of iAnthus

Bringing safe, tested, quality cannabis and excellent customer service to the medical cannabis patients inNew Yorkis our top priority and we look forward to serving the great people ofStaten IslandwithBe. our new, exciting retail concept.

The Company currently operates two medical dispensaries in the state under the Citiva brand, one inBrooklynand one in Wappingers Falls. TheWappingers Fallslocation will be rebranded asBe.shortly after theStaten Islandopening. The flagshipBe.store, located inBrooklynacross from the Barclays Center, is expected to open next month. The Company’s fourthNew Yorkstore will be located inIthaca.

The Company will be rebranding its existing store base across its operating footprint throughout the remainder of the year.

About iAnthus

iAnthus owns and operates best-in-class licensed cannabis cultivation, processing and dispensary facilities throughoutthe United States, providing investors diversified exposure to the U.S. regulated cannabis industry. Founded by entrepreneurs with decades of experience in operations, investment banking, corporate finance, law and health care services, iAnthus provides a unique combination of capital and hands-on operating and management expertise. iAnthus currently has a presence in 11 states, including 30 dispensaries (FL-12, AZ-4, MD-3, MA-1,NY-2, CO-1, VT-1, and NM-6 where iAnthus has minority ownership). For more information, visitwww.iAnthus.com.

Original press release