[PRESS RELEASE] – NEW YORK and TORONTO, Feb. 17, 2026 – iAnthus Capital Holdings Inc., which owns, operates and partners with regulated cannabis operations across the United States, 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, 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.
“The Tequesta store is designed to better serve patients in northern Palm Beach County with convenient access to high-quality cannabis products,” iAnthus CEO Richard Proud said. “We’re expanding where we see clear demand and building dispensaries that feel local while delivering the quality and patient care GrowHealthy is known for across Florida.”
GrowHealthy continues to set itself apart through a focus on whole-plant wellness, premium genetics and community connection. 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, will be open 9 a.m. to 8:30 p.m. Monday-Saturday and 9 a.m. to 8 p.m. on Sundays.
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 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 Feb. 2, 2021 to amend the terms of the bridge notes.
Pursuant to the amendments, the maturity date of each applicable bridge note has been extended from Feb. 16, 2026, to June 24, 2027, in consideration of an amendment fee equal to 2% of the principal amount of such bridge note as of the date of the amendment, payable on the amended maturity date. As of Feb. 16, 2026, the aggregate principal amount outstanding on the bridge notes is approximately US$8.4 million.
Gotham Green Partners LLC, Oasis Management Company Ltd. and Senvest Management LLC may be considered “related parties” as such term is defined in Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (MI 61-101). Accordingly, the amendment, including payment of the amendment fee, may be a “related party transaction” as defined in MI 61-101.
Such transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of subject matter of, nor the fair market value of the consideration for, the transaction, exceeds 25% of the company’s market capitalization. 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.
