Ianthus approves LTIP contingent on recapitalization closing; replaces existing option pool

iANTHUS CAPITAL HOLDINGS, INC.

Board approved LTIP of RSUs and options totaling up to 5.75% of pro forma fully diluted equity.
LTIP contingent on closing of Recapitalization Transaction under RSA (amended June 2021).
Current stock options (5.76% of shares, 177 holders) will be canceled upon closing.
LTIP covers 251 employees; independent compensation consultant engaged by Company.
LTIP designed to aid retention and recruitment during extended, uncertain closing period.

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