iAnthus Capital Holdings Inc. (CNSX:IAN), the company which provides financing and management services to US licensed cannabis cultivators, said on Thursday payment of $19,945 interest on a convertible promissory note purchase agreement has been completed.
The company said the purchase agreement entered into on Feb. 10 was satisfied by the delivery of 15,956 common shares of iAnthus Capital Holdings Inc.
The calculation of the number of interest shares issued was based on an effective price of $1.25 per interest share. The interest shares are subject to a four-month hold period expiring on Jan. 21, 2017.
All prices in US dollars.
Story by ProactiveInvestors