iAnthus Announces Opening of Additional Florida Dispensaries – PRNewswire

GrowHealthy enters Lakeland and Gainesville markets

NEW YORK and TORONTO, Aug. 23, 2019 /PRNewswire/ – iAnthus Capital Holdings, Inc. (“iAnthus” or the “Company”) (CSE: IAN,OTCQX: ITHUF), which owns, operates, and partners with best-in-class regulated cannabis operations across the United States, is pleased to announce it has received approval from the Florida Office of Medical Marijuana Use (“OMMU”) to open dispensaries in Lakeland and Gainesville, Florida, as well as the previously announced dispensary in North Miami.  This will bring the Company’s total number of dispensaries in the state to eight.

Hadley Ford, chief executive officer of iAnthus said, “We’re excited by the progress the business is making in Florida. We received OMMU approval and opened our flagship Miami store yesterday and expect the Lakeland and Gainesville locations to open next week. We will continue our retail expansion in this robust and growing market through early 2020. We look forward to serving medical marijuana patients in these Florida communities with high-quality, trusted and dependable products and services.”

Located at 3004 US Highway 98 North, Lakeland, FL, 33805, GrowHealthy Lakeland will serve the metro area population of more than 660,000. GrowHealthy Gainesville will serve Alachua County with a population of approximately 270,000. It is located at 4880 Newberry Road, Gainesville, FL, 32607. Grand Opening celebrations for these locations and Miami are planned for Aug. 30 through Sept. 1. Details will be posted at www.growhealthy.com.

Florida is among the fastest growing medical marijuana markets in the United States and continues to grow robustly. According to the August 16, 2019 weekly update from the OMMU, Florida now has over 255,000 qualified patients, up 122% year-over-year. The current patient base represents 1.2% of the Florida population.

According to the OMMU data, GrowHealthy ranks number three in terms of THC milligrams sold per dispensary of the 22 licensed

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