U.S. federal income tax law imposes reporting obligations on issuers of corporate securities that undertake organizational actions which affect the tax basis of U.S. shareholders in such securities. iAnthus Capital Holdings, Inc. prepared an IRS Form 8937 for its U.S. shareholders with respect to its recapitalization transaction that closed on June 24, 2022 (the “Recapitalization Transaction”).  This form will be held available on the iAnthus Capital Holdings, Inc.’s website until 2032 to satisfy the U.S. federal income tax reporting rules.

Further, the U.S. shareholders should thoroughly read the Management Information Circular, dated August 14, 2020, with respect to its discussion regarding U.S. federal income tax considerations. Information provided here should be read together with any other information previously provided in conjunction with the Recapitalization Transaction.

The tax information contained herein is provided for informational purposes only and should not be construed as legal or tax advice. iAnthus Capital Holdings, Inc. does not provide legal or tax advice. Please consult your personal tax advisor for assistance as to how this information will impact your specific tax situation.

IRS Form 8937