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


iAnthus Capital Holdings
CSE Symbol: IAN
OTCQB Ticker: ITHUF
Sector: Financial
Industry: Legal Cannabis
Country: Canada
Employees:  15
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: 6

Financials (03/31/18)

Cash on hand: US$3.3mm
Fixed Investment: US$19.4mm
Shareholders’ Equity: US$88.9mm
Revenues – Last Quarter: US$670K
Adj. Gross Margin : 82.2%
EPS : -US$0.01

Capital Structure (05/29/18)

Last Financing: $40mm Convertible Notes at US$3.08
Basic Shares: 66.1mm
Warrants: 21.5mm
Options: 5.4mm
Diluted Shares: 108.0mm

Company Brief

ianthus-capital-management-logoiAnthus 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.

CEO Hadley Ford talks about the change in strategy for the company moving away from royalty only, to a full service, vertically integrated enterprise.


iAnthus at a Glance


Highlights

  • Operating in six states
  • Eight cultivation facilities, five processing facilities, and 46 dispensaries
  • Substantial pipeline of acquisitions in a fragmented market lacking consolidators
  • $50 million investment by Gotham Green Partners as of May 2018

Growth Strategy

  • Partnerships with operators with regulatory barriers to entry or market leading positions
  • Positioned in front of adult-use legalization in Massachusetts and perhaps Vermont
  • Expansion within existing markets, including Colorado, Massachusetts, New Mexico, Vermont, New York, and Florida
  • Growth through 100%-owned companies including CITIVA, Mayflower, Grassroots Vermont, and GrowHealthy
  • Growth through other investments including The Green Solution, R. Greenleaf Organics, and Organix

Differentiators

  • Operations in multiple states
  • Strong management
  • Access to capital
  • 50 percent growth expected in 2018
  • $278 million market capitalization as of June 2018

Institutional Analyst Coverage

VAHAN AJAMIAN
Beacon Securities Ltd.

JESSE PYTLAK
Cormark Securities 

MATT BOTTOMLEY
Canaccord

RUSSELL STANLEY
ECHELON Partners 


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.