iAnthus Capital Holdings (CSE: IAN) (OTCQB: ITHUF) - Investor Dashboard


iAnthus Capital Holdings
CSE Symbol: IAN
OTCQB Ticker: ITHUF
Market Focus: United States
Classification: Vertically Integrated
Country: United States
Employees:  ~700 (August 2019)
Established: 2014
CEO: Hadley Ford

Summary

Fiscal Year-End: December
Exchanges: OTCQB, CSE
Sector: Financial
Auditor BDO Canada LLP
Headquarters: New York, NY
States w/Operations: 11

Financials (09/30/19)

Cash on hand: US$27.9 million
Fixed Investment: US$121.7 million
Shareholders’ Equity: US$619.5 million
Revenues – Last Quarter: US$22.3 million
Adj. Gross Margin : 48.1%
EPS : -US$0.09

Capital Structure (11/20/19)

Last Financing: $20 million Convertible Notes at US$1.89
Basic Shares: 171.6 million
Warrants: 41.3 million
Options: 19.2 million
Diluted Shares: 266.3 million

Major Merger in the U.S. Cannabis Sector

iAnthus Capital Holdings (CSE: IAN) (OTCQB: ITHUF) and MPX Bioceutical Corporation (CSE: MPX) (OTCQX: MPXEF)

Learn more about the Landmark Transaction


Company Brief

iAnthus provides investors with diversified exposure to best-in-class licensed cannabis cultivators, processers and dispensaries throughout the United States.

Founded by entrepreneurs with decades of experience in investment banking, corporate finance, law and healthcare services, iAnthus provides a unique combination of capital and hands-on operating and management expertise. The Company harnesses these skills to support a diversified portfolio of cannabis industry investments for our shareholders.

Following the $1.6 billion deal with MPX Bioceutical, iAnthus has operations in 11 states that span more than 60 retail licenses and 15 cultivation and processing licenses. The company has 817,000 square feet of cultivation space.

iAnthus launched its national retail brand Be. in 2019.  Be. will have locations in Brooklyn, New York; Worcester, Massachusetts; and Sarasota, Florida.


iAnthus at a Glance


Highlights

  • Operating in 11 states: Arizona, California, Colorado, Nevada, New Mexico, Florida, Maryland, Massachusetts, New Jersey, New York, and Vermont
  • 68 dispensary licenses and 15 cultivation/processing licenses
  • Substantial pipeline of acquisitions in a fragmented market lacking consolidators
  • Additional $20 million investment by Gotham Green Partners (part of a larger $100 million financing plan) as of September 2019
  • Major brand initiatives: national retail brand Be and THC and CBD brands
  • 190+ licensed dispensaries with iAnthus products, and CBD products in 2,300+ stores in 50 states
  • More than 100 wholesale partners across four states and accelerating wholesale distribution

Growth Strategy

  • Partnerships with operators with regulatory barriers to entry or market leading positions
  • Focus on expanding through M&A
  • Expansion within existing markets, including Colorado, Massachusetts, New Mexico, Vermont, New York, and Florida
  • Growth through brands including CITIVA, Mayflower, Grassroots Vermont, GrowHealthy, CBD for Life, MPX, and Black Label
  • Growth through other investments including The Green Solution, R. Greenleaf Organics, and Organix
  • Flagship retail locations under the Be. brand in development in Brooklyn, NY; Worcester, MA; and Sarasota, FL
  • Acquired CBD products brand CBD for Life; CBD products in 1,500+ stores in 50 states

Differentiators

  • Vertically integrated operations in 11 states
  • ~121 million potential customers
  • 1,000+ SKUs available
  • Expert management team with years of experience building and selling companies across various industries
  • Access to capital
  • Strong M&A activity
  • Online reach through CBDForLife.us, Urbanoutfitters.com, and Dillards.com

Institutional Analyst Coverage

VAHAN AJAMIAN
Beacon Securities Ltd.

JESSE PYTLAK
Cormark Securities 

MATT BOTTOMLEY
Canaccord

RUSSELL STANLEY
ECHELON Partners 

PAUL PENNEY
Northland Securities

BRETT HUNDLEY
Seaport


Curated Stories & News


Visit iAnthus Capital
at www.ianthuscapital.com.

New Cannabis Ventures in partnership with due diligence platform 420Investor, is the definitive source for fact-based, data-driven, financial information and relevant company news for qualified publicly traded cannabis companies. NCV extracts and parses only the most important content. Information is provided “as is” and solely for informational purposes, not for trading or advice. iAnthus Capital Holdings, Inc., is a client of NCV Media, LLC. Read our full disclaimer.