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iAnthus appoints Kalcevich as CFO, corporate secretary

Monday, October 24, 2016 11:57
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iAnthus Capital Holdings Inc. (CNSX:IAN) said Monday it has appointed Julius Kalcevich as chief financial officer and corporate secretary with immediate effect.

He replaces Savio Chiu, who has acted as chief financial officer and corporate secretary since iAnthus became publicly listed on Sept. 7. Kalcevich is currently a member of iAnthus’s board of directors.

Kalcevich is an experienced investment banking professional with an extensive background in corporate finance, strategy development and financial management.

Most recently, Kalcevich was a partner with BG Partners Corp., a Toronto-based merchant bank focused on early-stage and venture financings, where he led the firm’s investments in the cannabis sector, with a strong focus on the burgeoning financing market for Canadian licensed producers. In this capacity, he advised iAnthus on its strategic development.

Previously, Kalcevich was a director in the investment banking groups of CIBC World Markets and Dundee Capital Markets, where he assisted in the completion of over 40 transactions representing over $5bn of transaction volume. During his tenure with CIBC, he worked for both the US and Canadian investment banking groups and has deep corporate finance experience with cross-border transactions and financings. Kalcevich earned a BA in economics and North American studies from McGill University and an MBA from Columbia University.

“The iAnthus management team has been greatly enhanced by the addition of Julius Kalcevich,” said Randy Maslow, co-founder and president of iAnthus Capital Holdings.

“Julius has represented investors in iAnthus since our founding, and he has provided invaluable counsel as the company has continued to diversify its platform and listing of our common shares on the Canadian Securities Exchange. His strong background in finance, especially in the cannabis financing sector, is ideally suited to iAnthus’s strategic goals.”

iAnthus began trading on the CSE in September, and previously announced the closing of a C$6.7mln private placement in May. Funds from the private placement have been used to invest in its existing partners in Massachusetts, New Mexico and Vermont and for general working capital purposes.

iAnthus Capital Management provides licensed cannabis operators in the United States a combination of access to value-added capital investment together with expert management advice and advisory services.

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