Let& #39;s be realistic on iAnthus for a minute here. Toss out your previous thoughts on the company for a minute, and hear me out.

Lets assume that GGP is willing to play ball with the default, and agrees to convert all current debt at yesterdays close price. $IAN

1/x https://twitter.com/TheDeepDive_ca/status/1247555292415451137">https://twitter.com/TheDeepDi...

As of yesterday, $IAN stated there is currently US$97.5M in secured debt outstanding. I don& #39;t have the exact data with me right now, but lets assume its all GGP for simplicity sake.

Playing ball, they agree to convert ALL of it at yesterdays close of US$0.18 per share 2/x

At $0.18/share, that $IAN secured debt would convert to 541.6 million shares. Yes, it would clean the balance sheet up nicely.

But it would dilute the snot out of current shareholders, bringing total outstanding before warrants etc to 713.3m shares. 3/x

For $IAN to keep the SAME market cap as at yesterdays close (which was US$30.9 million, the equivalent price would have to drop to ~US$0.04 per share.

Obviously, its doubtful the full amount would be converted here, esp w/o a discount. Not to mention oncoming warrants etc 4/x

But that& #39;s the reality of the current situation, and why we are not personally bullish on the current events at the moment. Personally, I don& #39;t see the path to an upside here by any means for $IAN. It& #39;s not a good spot by any means. Not investment advice. 5/x

Personally, I know people that are down and out on this equity. It sucks, it truly does, and I& #39;m sorry for the loss anyone has on this. I didn& #39;t write this thread to be an ass. Rather I wrote it to show my personal viewpoint on the struggle I see here and ahead for $IAN. 6/x

The company has a lot of challenges in front of it, largely due to the state of cannabis in the US. It& #39;s a large risk. Personally, I just don& #39;t see it playing out in the common shareholders favour at this point. Again, not investment advice. $IAN

7/7.