iAnthus sells 3 AZ dispensaries, 2 facilities to Sonoran Roots for $36.5M

iANTHUS CAPITAL HOLDINGS, INC.

Consideration of $36.5M: $20M cash at closing plus $16.5M promissory note at 6% interest over 66 months.
Assets sold: two Mesa dispensaries, one Phoenix dispensary, a processing facility, and a cultivation/processing facility.
Proceeds to be used for working capital, general corporate purposes, and repayment of secured debt.
Transaction expected to close in Q1 2025, subject to customary conditions and regulatory approvals.
iAnthus retains one Arizona dispensary and plans to focus on growth markets (FL, MD, NJ, MA, NY).

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