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iAnthus provides update on planned Florida expansion, new brand launches

iAnthus Capital Holdings has announced continued progress across its retail expansion, brand development and capital structure initiatives.

In Florida, the company plans to open its 26th GrowHealthy dispensary in Tequesta, FL, further expanding its footprint in a core market. GrowHealthy's Tequesta dispensary is currently scheduled to open on or about March 27, 2026, subject to receipt of necessary regulatory approvals, and is intended to improve patient access in Palm Beach County, while supporting the company's continued growth across the state.

"The Tequesta store is designed to better serve patients in northern Palm Beach County with convenient access to high-quality cannabis products," said Richard Proud, CEO at iAnthus. "We're expanding where we see clear demand and building dispensaries that feel local while delivering the quality and patient care GrowHealthy is known for across Florida."

GrowHealthy continues to prove itself through a focus on whole-plant wellness, premium genetics and community connection. Built on the foundation of cultivators and caregivers, the company leads with a flower-first philosophy, strong community ties, and a deep respect for the cannabis plant. The Tequesta dispensary offers an extensive menu of products including flower, vapes, concentrates and additional form factors designed to meet the diverse wellness needs of the local community.

In New Jersey, the company expanded its brand, The Vault, a curated archive of genetics icons, original cuts of cannabis strains that defined generations – preserved, protected, and reintroduced for consumers across the state of New Jersey. This launch reflects the company's ongoing efforts to build brands that resonate with distinct consumer segments.

With respect to the company's capital structure initiatives, the company, along with its wholly-owned subsidiary, iAnthus New Jersey, LLC, has entered into amending agreements with certain related-party lenders (including funds managed by affiliates of Gotham Green Partners, LLC, Oasis Management Company, Ltd., and Senvest Management, LLC) and the collateral agent under the senior secured bridge notes issued on February 2, 2021 to amend the terms of the Bridge Notes.

For more information:
iAnthus
iAnthus.com

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