Pot Co. IAnthus lenders seek more time to close their debt plan

Law360 (Aug 23, 2021, 7:24 p.m. EDT) – Cannabis company iAnthus announced on Monday that its creditors have unilaterally sought to extend the deadline for closing its debt reorganization plan until regulators of a handful of states are granting change of ownership approvals necessary for the deal to go through.

According to iAnthus, cannabis-focused private equity firm Gotham Green Partners has asked a Canadian court to either ratify the deadline extension or change the restructuring plan to prevent iAnthus from terminating the deal without a court order.

“No hearing date for the application has been set,” iAnthus said in its announcement on Monday. “IAnthus intends to respond to the request and ask him …

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