NEW YORK and TORONTO, Sept. 16, 2019 /PRNewswire/ – iAnthus Capital Holdings, Inc. (“iAnthus” or the “Company”) (CSE: IAN,OTCQX: ITHUF), which owns, operates, and partners with best-in-class regulated cannabis operations across the United States, is pleased to announce the opening of its dispensary in Bonita Springs, Florida. This brings the Company’s total number of dispensaries in Florida to nine and its system-wide total to 27.
We are excited to add Bonita Springs to our retail footprint and look forward to delighting the medical marijuana patients of southwest Florida with high-quality, tested, and trusted products. Florida has an exciting and rapidly growing market.
Hadley Ford, Chief Executive Officer of iAnthus
We’ve opened six locations in eight weeks and will continue expand both our dispensary footprint and our product offerings.
Located at 25987 South Tamiami Trail, Unit 110, Bonita Springs, FL, 34134, GrowHealthy Bonita Springs will serve the Lee County metro area population of more than 600,000. This opening marks GrowHealthy’s first location on the southwest Florida coast serving the Cape-Coral, Fort Myers area. A grand opening celebration for this location is planned for September 20. Details will be posted at www.growhealthy.com. GrowHealthy reiterates its near-term target to have 17 open dispensaries by the end of January 2020.
Florida is among the fastest growing medical marijuana markets in the United States and continues to grow robustly. According to the September 13, 2019 weekly update from the Florida Office of Medical Marijuana Use (“OMMU”), Florida now has over 264,000 qualified patients, up 110% year-over-year. The current patient base represents 1.2% of the Florida population. Since the OMMU initiated the publication of sales volume data as of May 10, 2019, GrowHealthy has increased its weekly THC milligrams sales volume by 120% and increased its market share to approximately 3.8%.
iAnthus owns and operates best-in-class licensed cannabis cultivation, processing and dispensary facilities throughout the United States, providing investors diversified exposure to the U.S. regulated cannabis industry. Founded by entrepreneurs with decades of experience in operations, investment banking, corporate finance, law and health care services, iAnthus provides a unique combination of capital and hands-on operating and management expertise. iAnthus currently has operations in 11 states, including 27 dispensaries (FL-9, AZ-4, MD-3, MA-1, NY-2, CO-1, VT-1, and NM-6 where iAnthus has minority ownership). For more information, visit www.iAnthus.com.