iAnthus Capital Holdings, Inc. announced in a unanimous decision, the British Columbia Court of Appeal dismissed the appeal of Walmer Capital Limited, Island Investments Holdings Limited and Alastair Crawford of the order of the Supreme Court of British Columbia made October 5, 2020 approving a plan of arrangement to implement the Company's previously announced recapitalization transaction. The Company announced the initiation of the appeal in a news release dated November 5, 2020.