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iAnthus Director John Paterson Resigns

He joined the company on April 20, 2023.

Ianthus

iAnthus Capital Holdings, which owns, operates and partners with regulated cannabis operations across the U.S., today announced the resignation of John Paterson from its Board of Directors, effective immediately.

Paterson joined the company on April 20, 2023.

CEO Richard Proud, in a statement, said, "Speaking on behalf of the entire iAnthus team, we thank John for his valuable contributions to the company and wish him future success."

Paterson said it was "a pleasure" to work at iAnthus and wished the company "nothing but the best for the future."

iAnthus owns and operates licensed cannabis cultivation, processing and dispensary facilities.

According to the company's Investor Rights Agreement dated June 24, 2022, the investor who nominated Paterson to the board can designate a successor nominee for appointment, and the company is required to appoint the nominee to the board. As of press time, the investor hasn't nominated a successor, and the company has not appointed a replacement.

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