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

Quarterly report [Sections 13 or 15(d)]

Unaudited Interim Condensed Consolidated Statements of Cash Flows Supplemental Information

Unaudited Interim Condensed Consolidated Statements of Cash Flows Supplemental Information

3 Months Ended

Mar. 31, 2026

Supplemental Cash Flow Elements [Abstract]

Unaudited Interim Condensed Consolidated Statements of Cash Flows Supplemental Information

Note 13 – Unaudited Interim Condensed Consolidated Statements of Cash Flows Supplemental Information

(a) Cash payments made on account of:


	Three Months Ended March 31,
	2026		2025
Income taxes (including interest and penalties)	$	1,274	$	2,958
Interest		253		489

(b) Changes in operating assets and liabilities are comprised of the following:


	Three Months Ended March 31,
	2026		2025
Decrease (increase) in:
Accounts receivables, net	$	(103)	$	698
Prepaid expenses		280		(1,308)
Inventories, net		(2,352)		(1,558)
Other current assets		241		(166)
Other long-term assets		16		(233)
Operating leases		(513)		(401)
(Decrease) increase in:
Accounts payable		(877)		(1,237)
Accrued and other current liabilities		2,025		622
Other non-current liabilities		40		174
Uncertain tax position liabilities		6,108		3,072
	$	4,865	$	(337)


	Three Months Ended March 31,
	2026		2025
Property, plant and equipment	$	1,821	$	1,823
Operating lease ROU assets		565		490
Intangible assets		2,288		2,396
	$	4,674	$	4,709

(d) Write-downs, (recoveries) and other charges, net are comprised of the following:


	Three Months Ended March 31,
	2026		2025

Account receivable	$	(217)	$	(149)
	$	(217)	$	(149)

(e) Significant non-cash investing and financing activities are as follows:


	Three Months Ended March 31,
	2026		2025
Supplemental Cash Flow Information:
Non-cash consideration for paid-in-kind interest	$	3,841	$	3,545
Non-cash issuance of shares for the Cheetah Acquisition		—		250

Cash and Restricted Cash

For purposes of the unaudited interim condensed consolidated balance sheets and the statements of cash flows, cash and restricted cash are held primarily in U.S. dollars.

Restricted cash balances are those which meet the definition of cash and cash equivalents but are not available for use by the Company. As of March 31, 2026, the Company held $0.1 million as restricted cash (December 31, 2025— $0.2 million).

The following table provides a reconciliation of cash and restricted cash reported on the unaudited interim condensed consolidated balance sheets to such amounts presented in the statements of cash flows:



	March 31, 2026		December 31, 2025
Cash	$	11,136	$	11,650
Restricted cash		74		220
Total cash and restricted cash presented in the statements of cash flows	$	11,210	$	11,870