iAnthus Capital Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Share Capital (Tables)

Share Capital (Tables)

3 Months Ended

Mar. 31, 2022

The following table summarizes certain information in respect of the Company’s warrants:

	March 31, 2022
	Units			Weighted Average Exercise Price (C$)
Warrants outstanding, beginning		22,640		$	3.56
Granted		—			—
Exercised		—			—
Expired		(4,685	)		7.53

Warrants outstanding, ending		17,955		$	2.49

Summary Of Assumptions Used To Record Fair Value of Warrants

As of March 31, 2022 and December 31, 2021, warrants classified as derivative liabilities on the unaudited interim condensed consolidated balance sheets were revalued with the following inputs:

	March 31, 2022			December 31, 2021
Risk-free interest rate		0.9	%		0.9	%
Expected dividend yield		0.0	%		0.0	%
Expected volatility		124.0 -137.1	%		93.7 -297.1	%
Expected life		0.9 years			0.9 years

Schedule Of Warrants Outstanding

Full share equivalent warrants outstanding and exercisable are as follows:

	March 31, 2022				December 31, 2021
Year of expiration	Number Outstanding		Weighted Average Exercise Price (C$)		Number Outstanding		Weighted Average Exercise Price (C$)
2022		16,170		2.26		20,855		3.47
2023		1,785		4.57		1,785		4.57

Warrants outstanding		17,955	$	2.49		22,640	$	3.56

Summary Of Potentially Dilutive Securities

The following table summarizes potentially dilutive securities, and the resulting common share equivalents outstanding as of March 31, 2022 and December 31, 2021:

	March 31, 2022		December 31, 2021
Common share options		9,620		10,504
Warrants		17,955		22,640
Secured notes		46,458		46,458
Debentures		10,135		10,135
MPX dilutive instruments (1)		408		408

Total		84,576		90,145

Summary Of Option Activity

The following table summarizes certain information in respect of option activity under the Company’s stock option plan:

	March 31, 2022							December 31, 2021
	Units			Weighted Average Exercise Price (C$)		Weighted Average Contractual Life		Units			Weighted Average Exercise Price (C$)		Weighted Average Contractual Life
Options outstanding, beginning		10,504		$	4.95		—		11,510		$	4.86		—
Granted		—			—		—		—			—		—
Exercised		—			—		—		—			—		—
Forfeited/Expired		(884	)		4.79		—		(1,006	)		3.96		—

Options outstanding, ending		9,620		$	4.96		5.97		10,504		$	4.95		6.24