iAnthus Capital Holdings, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Subsequent Events

Subsequent Events	3 Months Ended
Mar. 31, 2025
Subsequent Events [Abstract]
Subsequent Events	Note 14 - Subsequent Events Legal Proceedings Please refer to Note 11 for further discussion. Common Shares On April 1, 2025, the Company issued 146 common shares for vested RSUs to certain employees. The Company withheld 67 common shares to satisfy employees’ tax obligations of less than $0.1 million. On April 23, 2025, the Company withheld 9,910 common shares for vested RSUs to a certain director to satisfy tax obligations of $0.1 million. Acquisition of LMS On December 8, 2017, CGX, the Company's wholly-owned subsidiary, entered into two option agreements, as amended, with LMS and Huber, the sole member of LMS, pursuant to which, CGX was granted an option to acquire 100% ownership of LMS. CGX exercised its option to acquire LMS on November 22, 2021, subject to regulatory approval by the MCA. On March 4, 2025, the MCA approved the transfer of 100% of the ownership of LMS to CGX. CGX's acquisition of LMS was contested by LMS and Huber (see Note 11 for further discussion), but CGX closed on its acquisition on April 21, 2025.

Subsequent Events

3 Months Ended

Mar. 31, 2025

Subsequent Events [Abstract]

Subsequent Events

Note 14 - Subsequent Events

Legal Proceedings

Please refer to Note 11 for further discussion.

Common Shares

On April 1, 2025, the Company issued 146 common shares for vested RSUs to certain employees. The Company withheld 67 common shares to satisfy employees’ tax obligations of less than $0.1 million.

On April 23, 2025, the Company withheld 9,910 common shares for vested RSUs to a certain director to satisfy tax obligations of $0.1 million.

Acquisition of LMS

On December 8, 2017, CGX, the Company's wholly-owned subsidiary, entered into two option agreements, as amended, with LMS and Huber, the sole member of LMS, pursuant to which, CGX was granted an option to acquire 100% ownership of LMS. CGX exercised its option to acquire LMS on November 22, 2021, subject to regulatory approval by the MCA. On March 4, 2025, the MCA approved the transfer of 100% of the ownership of LMS to CGX. CGX's acquisition of LMS was contested by LMS and Huber (see Note 11 for further discussion), but CGX closed on its acquisition on April 21, 2025.