iAnthus Capital Holdings Appoints Russell Shepard, U.S. Finance Veteran, to Advisory Board and Grants Incentive Stock Options

TORONTO, ON--(Marketwired - January 17, 2017) - iAnthus Capital Holdings, Inc. ("iAnthus" or "the Company"), (CSE: IAN), financier and manager of licensed cannabis cultivators, processors and dispensaries throughout the United States, today announced the appointment of Russell Shepard to the Company's Advisory Board. Mr. Shepard is the founder of Pursuit Advisory LP, a New York based transaction and strategic advisory firm that deploys capital into select investments opportunities.

"As head trader for over 11 years at one of the largest quantitative funds in the world and founder of multiple investment funds and businesses in other high growth industries, Russell's investment track record is exceptional. This considerable expertise, insight and experience in the U.S. investment community will be valuable to iAnthus as we continue to grow in 2017," stated Hadley Ford, Co-founder and CEO of iAnthus.

Mr. Shepard has a stellar track record spanning 30 years as a hedge fund trader and private investor. From 2003 to 2014, Mr. Shepard was the head trader at Renaissance Technologies LLC ("Renaissance"), a highly respected quantitative investment fund that earned exceptional returns through mathematical and statistical methods. Over his 16 years at Renaissance, Mr. Shepard was instrumental in the performance of the firm's funds which grew to over $60 billion under management. Since leaving Renaissance, Mr. Shepard has founded six successful businesses and recently founded a seventh, Pursuit Advisory LP, a strategic advisory and investment firm that provides transaction and strategic advisory services to media, technology, digital, and private equity clients, and serves as a principal investor in the media and technology sectors. Mr. Shepard serves on the Board of Directors of the East Harlem School, the Board of Trustees at the Marymount School, and on the Board of the Stony Brook University Endowment Investment Committee. Mr. Shepard is a noted philanthropist who has made substantial contributions to several other schools and organizations including the World Science Foundation, Partners in Health, The Robin Hood Foundation, and Texas Children's Hospital. Mr. Shepard received a B.A. in Business Administration from James Madison University.