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

Financial Instruments (Tables)

Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2026

Summary of Fair Value Hierarchy of Company's Financial Assets and Financial Liabilities

The following table summarizes the fair value hierarchy for the Company’s financial assets and financial liabilities that are re-measured at their fair values periodically:


	As of March 31, 2026								As of December 31, 2025
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Financial assets
Long term investments	$	—	$	—	$	878	$	878	$	2	$	—	$	840	$	842

Financial liabilities
Contingent consideration payable	$	—	$	—	$	3,726	$	3,726	$	—	$	—	$	3,407	$	3,407

Summary of Changes in Level One and Level Three Financial Assets

The following table summarizes the changes in Level 1 and Level 3 financial assets:


	Financial Assets
		4Front Venture Corp.		The Pharm Stand, LLC		Island Thyme, LLC

Balance as of December 31, 2025	$	2	$	125	$	715
Additions		—		—		—
Revaluations		(2)		—		—
Gain on equity method investments		—		—		38
Balance as of March 31, 2026	$	—	$	125	$	753

Summary of changes in level three financial assets and liabilities

The following table summarizes the changes in the Company's Level 3 financial liabilities:


	Financial Liabilities
		Contingent Consideration Payable


Balance as of December 31, 2025	$	3,407
Consideration paid		—
Revaluations		319
Balance as of March 31, 2026	$	3,726

Summary of Long-term Debt Instruments at Carrying Value and Fair Value

The following table summarizes the Company’s long-term debt instruments (Note 5) at their carrying value and fair value:


	As of March 31, 2026				As of December 31, 2025
	Carrying Value		Fair Value		Carrying Value		Fair Value
June Unsecured Debentures	$	25,657	$	24,747	$	24,855	$	23,831
June Secured Debentures		164,859		159,471		160,772		154,569
Secured Notes		8,215		8,111		8,359		8,089
Total	$	198,731	$	192,329	$	193,986	$	186,489