LOS ANGELES–(BUSINESS WIRE)–The Law Offices of Frank R. Cruz announces an investigation on behalf of iAnthus Capital Holdings Inc. (“iAnthus” or the “Company”) (OTC: ITHUF) investors concerning the Company and its officers’ possible violations of federal securities laws.
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On April 6, 2020, iAnthus disclosed that it had failed to make certain interest payments, citing the “decline in the overall public equity cannabis markets, coupled with the extraordinary market conditions that began in Q1 2020 due to the novel coronavirus.” iAnthus also revealed an internal investigation regarding related party transactions involving the Company’s Chief Executive Officer, Hadley Ford.
On this news, the Company’s share price fell $0.29, or over 62%, to close at $0.179 per share on April 6, 2020, on unusually heavy trading volume.
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If you purchased iAnthus securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to email@example.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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