iAnthus Capital Holdings, Inc. announced continued progress across its retail expansion, brand development and capital structure initiatives. In Florida, the Company plans to open its 26th GrowHealthy dispensary in Tequesta, FL, further expanding its footprint in a core market. GrowHealthy's Tequesta dispensary is currently scheduled to open on or about March 27, 2026, subject to receipt of necessary regulatory approvals, and is intended to improve patient access in Palm Beach County, while supporting the Company's continued growth across the state.

Built on the foundation of cultivators and caregivers, the company leads with a flower-first philosophy, strong community ties, and a deep respect for the cannabis plant. The Tequesta dispensary offers an extensive menu of products including flower, vapes, concentrates and additional form factors designed to meet the diverse wellness needs of the local community. GrowHealthy's TeQuesta dispensary, located at 19510 U.S. Highway 1, Tequesta, FL 33469, will be open Monday-Saturday 9:00 a.m. to 8:30 p.m. and Sunday 9:00 a.m., to 8:00 p.m. In New Jersey, the Company expanded its brand, The Vault, a curated archive of genetics icons, original cuts of cannabis strains that defined generations - preserved, protected, and reintroduced for consumers across the state of New Jersey.

This launch reflects the Company's ongoing efforts to build brands that resonate with distinct consumer segments. With respect to the Company's capital structure initiatives, the Company, along with its wholly-owned subsidiary, iAnthus New Jersey, LLC, has entered into amending agreements (collectively, the "Amendments") with certain related-party lenders (including funds managed by affiliates of Gotham Green Partners, LLC, Oasis Management Company Ltd., and Senvest Management, LLC) and the collateral agent under the senior secured bridge notes issued on February 2, 2021 (the "Bridge Notes") to amend the terms of the Bridge Notes. Pursuant to the Amendments, the maturity date of each applicable Bridge Note has been extended from February 16, 2026, to June 24, 2027 in consideration of an amendment fee (the "Amendment Fee") equal to two% of the principal amount of such Bridge Note as of the date of the Amendment, payable on the amended maturity date.

The Company did not file a material change report 21 days prior to the expected closing of the Amendment as the structure of the transaction had not been confirmed at that time.