iAnthus Capital & TGS enter into strategic partnership and credit facility

iAnthus Capital Holdings, Inc., (CSE: IAN), announced today that its wholly-owned US subsidiary, iAnthus Capital Management, LLC has entered into a strategic relationship with The Green Solution, LLC and certain of its affiliated Colorado entities (collectively, “TGS”).

TGS is one of the largest regulated cannabis industry businesses in the United States, and operates 12 retail stores and integrated state-of-the-art cultivation and processing facilities in the state of Colorado. The strategic relationship includes an initial financing, by iAnthus to TGS, consisting of a US$7,500,000 loan facility (the “Loan Facility”). In addition, TGS has entered into an advisory agreement to provide iAnthus with operational expertise and advice in support of the Company’s investments in Massachusetts, Vermont, New Mexico and Colorado. TGS, through its affiliate TGS National Franchise, LLC (“TGS National Franchise”) will also facilitate introductions to franchisee operators in multiple states across the U.S., presenting the Company with significant opportunities for additional financing and equity-based investment partnerships with TGS National’s franchisee operators.


“iAnthus has established itself as a source of capital for licensed cannabis cultivators, processors and dispensaries throughout the United States and the decision to develop a strategic relationship with iAnthus was a simple one. This credit facility will allow us to add multiple licenses and stores for the Colorado market in 2017,” said TGS’ Co-CEO, Kyle Speidell. “We look forward to the start of this strategic relationship with iAnthus, as it helps us with our future growth plans in Colorado, and provides an opportunity to catalyze and accelerate our continued expansion across the United States.”


“TGS National Franchise is approved to offer an industry-first cannabis franchise in 47 states and uses the know-how and acumen of TGS to help entrepreneurs launch and operate their businesses,” said TGS National Franchise’s Co-CEO, Eric Speidell. “Working with iAnthus to ensure our partners have the proper capitalization is key to their success and is a perfect match for us.”


Hadley Ford, CEO of iAnthus, said: “TGS is one of the leading cannabis operators in the world, measured by impressive revenue growth and award-winning product quality, and we look forward to advancing this mutually beneficial strategic relationship. Our mission is to provide strategic capital and capital markets expertise to licensed US cannabis operators, such as TGS and TGS National Franchise’s franchisees.” Mr. Ford continued, “It’s an added benefit that TGS will provide iAnthus with advice and expertise to help us optimize our existing investments in Colorado and across the U.S.”