|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||3.9600 - 4.1000|
|52 Week Range||3.3400 - 7.2700|
|Beta (3Y Monthly)||1.02|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||8.23|
("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 that will release its first quarter 2019 financial and operational results on Thursday, May 30, 2019 after market close. The Company will hold a conference call for financial analysts and investors at 8:30am ET on Friday, May 31, 2019 to discuss the Company's first quarter 2019 financial and operational results.
The first "Be." flagship store is expected to open in Brooklyn in the fourth quarter of 2019, iAnthus said. After that, iAnthus plans to rebrand its existing stores and open more flagship locations in Miami, Atlantic City, Las Vegas and Orlando.
("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 unveiling of its national retail brand, "Be." at Canaccord Genuity's 3rd Annual Cannabis Conference. Neil Calvesbert , iAnthus' Chief Marketing Officer, said, "Be. was created to align with what we see as the need for a cannabis retail experience where consumers can simply "Be.
A few months ago, I was thinking that medical marijuana would become legal in the United States by 2023, with recreational use to follow a few years later. I now expect it to be much sooner than that. And everyone who owns cannabis stocks stands to benefit-- perhaps by the 2020 election.One Republican who's close to President Trump, Dana Rohrabacher, is expecting it even SOONER: "as early as spring of 2019."Well, that's about where we are now. So it's time to get positioned in high-quality cannabis stocks with U.S. operations, if you haven't already.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNearly every Democratic presidential candidate has called for legalization. According to the insiders I've spoken with at cannabis conferences, President Trump is moving closer to introducing such a policy as well. The tax revenues alone would be more than any politician could pass up. * 7 Cloud Stocks to Buy on Overcast Days Already, the dominos are starting to fall -- which brings me to the first pot stock to own BEFORE legalization hits: Canopy Growth (CGC)One of the most important developments in the history of the U.S. marijuana industry hit the headlines just before the Easter holiday. Canadian cannabis giant Canopy Growth (NYSE:CGC) announced that once legalization is passed, it will buy a U.S.-based marijuana company called Acreage Holdings (OTCMKTS:ACRGF).Acreage already operates in 20 U.S. states, and was one of the first to tackle the East Coast market. Founder and CEO Kevin Murphy is a Wall Street transplant -- and incredibly well connected. Acreage's board includes three of the most important people on the planet: former U.S. Speaker of the House John Boehner, former Massachusetts governor and current presidential candidate William Weld, and former Prime Minister of Canada Brian Mulroney.Acreage has another advantage: the ability to manufacture and distribute on a national scale. That's thanks to its late-2018 acquisition of Form Factory.Canopy has already created billions in wealth for its shareholders, as you can see in the chart below. Imagine what it can do as the biggest player in the much-larger U.S. market.With marijuana illegal in the United States, pot stocks based here are still in the earlier part of that chart. The legal limitations result in the stocks trading at a major discount to their Canadian peers (for the moment). So, let's take a look at some of our highest-quality options. Innovative Industrial Properties (IIPR)Innovative Industrial Properties (NYSE:IIPR) is the only publicly traded marijuana real estate investment trust (REIT) - a vehicle that owns assets and must pay out 90% of its profits to shareholders.I've always loved the company's business model. It buys grow facilities from the growers, often providing them with much needed money for their businesses, and then leases the land back to them. Innovative Industrial Properties receives an initial base rent of 10%-16% of the total investment, and rent grows approximately 3%-4.5% a year. A typical lease is 10-20 years, with the targeted size of the initial deal from $5 million to more than $30 million.It's a win for the growers and a win for the company, which has grown to a market value of $780 million by repeating that acquisition and leaseback model over and over. As marijuana moves toward legalization in the United States, Innovative Industrial Properties is undoubtedly the best positioned real estate business.Not only is Innovative Industrial Properties the only marijuana stock to pay a dividend, it was the first to list on a major U.S. exchange. It began trading on the NYSE on December 1, 2016. Today, Innovative Industrial Properties is indeed the clear leader in marijuana real estate. Early investors have made a lot of money along the way…and many more will rush in the moment marijuana is legalized federally. iAnthus Capital (ITHUF)In October, iAnthus Capital (OTCMKTS:ITHUF) was part of the biggest marijuana merger of the time. By buying MPX Bioceuticals, iAnthus now has operations in 11 states, more than 60 retail locations, and over 500,000 square feet of cultivation and processing space.Most importantly for us as investors in marijuana stocks -- iAnthus is expected to be one of the first to turn a meaningful profit.iAnthus released its fourth-quarter numbers on April 2, with quarterly revenue coming in at $2.2 million on full-year sales of $4.5 million. Specifically, iAnthus generates revenue in nine of the 11 states it is currently approved to do business in. California should join that list as No. 10 in the next couple of months. The company has 21 dispensaries open with the ability to open 40+ more. It has a total of 200,000 square feet in cultivation and processing facilities in nine states and the potential to increase that to as much as 580,000 square feet.And it's about to expand even further. On March 29, iAnthus also announced that it would purchase CBD for Life, a national cannabidiol (CBD) brand in the United States. Its products are currently available in more than 750 retail outlets throughout the country. That number will likely skyrocket once marijuana is legal in every state. Charlotte's Web (CWBHF)No list of my favorite U.S. cannabis stocks is complete without Charlotte's Web (OTCMKTS:CWBHF), my pick for the InvestorPlace Best Stocks for 2019 Contest.Charlotte's Web is the world's leading brand by market share in the production and distribution of CBD wellness products. It gets its name from a five-year-old girl named Charlotte Figi whose grand mal seizures were drastically reduced -- from 300 per week to just two or three a month -- thanks to this company's high-quality CBD oil. It's an amazing story, and just one example of why this industry is set to grow 40X in the coming years.For these reasons, Charlotte's Web's jump to a major stock exchange in either the U.S. or Canada is inevitable, and I suspect the announcement is right around the corner. I see the company garnering more and more market share as CBD oil hits the shelves in CVS Health (NYSE:CVS) and Walgreens (NASDAQ:WBA) stores… just for starters. I Also Like Penny Pot Stocks. Here's WhyCanopy, Innovative Industrial Properties, iAnthus, and Charlotte's Web are the heavyweights in their markets. All of them started out as penny stocks.For that matter, so did Coca-Cola (NYSE:KO), Apple (NASDAQ:AAPL), Netflix (NASDAQ:NFLX), and Microsoft (NASDAQ:MSFT). But people who invested with Steve Jobs and Bill Gates when they were operating out of garages are now, of course, incredibly wealthy. And these companies went from just a couple of employees -- to employing millions worldwide.You might own AAPL stock yourself. But many of the gains have already been made. For example, in the last two years, it's up 24%. In the same time, IIPR is up 387%, and CGC is up 480%.Think about it: It's easier to go from $0.50 to $3 per share, than it is to go from $200 to $1,200 per share.And while these stocks are so tiny, the "big money" on Wall Street is locked out. But not us. Click here to learn more.I've got a whole presentation for you on all the reasons I like penny pot stocks with U.S. legalization around the corner. But it boils down to their ability to innovate.It's about buying the equivalent of Apple before the iPhone… not Apple once it's cranking out more expensive versions of the same product.Now, when it comes to penny stocks, you've got to weed through a lot of trash. Let me show you my five-step method for picking the RIGHT penny stocks.After my presentation, you'll have the chance to learn about the four penny pot stocks my research is highlighting now. Actually, I'll throw in a fifth penny pot stock just for fun.With legalization about to hit possibly in the next few weeks - it's now or never.Matthew McCall is the founder and president of Penn Financial Group, an investment advisory firm, as well as the editor of Investment Opportunities and Early Stage Investor. He has dedicated his career to getting investors into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA), +1,044% in Tesla (TSLA), +611% in Liquefied Natural Gas Limited (LNGLY), +324% in Bitcoin Services (BTSC), just to name a few. If you're interested in making triple-digit gains from the world's biggest investment trends BEFORE anyone else, click here to learn more about Matt McCall and his investments strategy today. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Cloud Stocks to Buy on Overcast Days * 6 Stable Stocks Worth Buying for Protection * 5 Active Vanguard Funds That You Have to Own Compare Brokers The post 4 Pot Stocks to Own for Full-Blown Federal Marijuana Reform appeared first on InvestorPlace.
Updates from the Cannabis Sector: iAnthus and Green Thumb(Continued from Prior Part)iAnthus redeems debentures In a press release on April 29, iAnthus Capital Holdings (ITHUF) announced that it had completed the redemption of its outstanding
("iAnthus" or the "Company") (IAN.CN) (ITHUF), which owns, operates, and partners with best-in-class regulated cannabis operations across the United States , is pleased to announce that it has completed the private placement offering of an incremental US$25.0 million of unsecured convertible notes and corresponding warrants (the "Offering"), as an add-on to the private placement offering of US$35 million convertible note units announced on March 18 . The Company has issued units consisting of US$25.0 million aggregate principal amount of unsecured convertible notes, maturing on March 15, 2023 (the "Notes") and 1,555,207 warrants ("Warrants") to purchase common shares of the Company ("Common Shares").
The cannabis industry is inevitably headed toward a reliance on oil-based products, said Everett Knight, executive vice president of strategy and investments at Valens Groworks Corp (OTC: VGWCF), a cannabis company focused on extraction, distillation and quality testing.
NEW YORK and TORONTO , April 18, 2019 /PRNewswire/ - iAnthus Capital Holdings, Inc . ("iAnthus" or the "Company") (CSE: IAN, OTCQX: ITHUF), which owns, operates, and partners with best-in-class ...
iAnthus Capital (ITHUF) embodies the top themes in the cannabis sector this year. The company is a relatively unknown player outside cannabis insiders focused on the U.S. with quarterly results on the verge of hitting an inflection point. Not to mention, the stock has a future catalyst of transitioning to a major U.S. exchange as cannabis likely becomes approved on a Federal basis in the future.Growing Up FastiAnthus just reported Q4 results that wouldn’t impress many investors. The company only generated $2.2 million in revenues giving the impression that the relatively unknown company should remain that way.In reality, iAnthus is a U.S. multi-state operator (MSO) that just entered their 10th state. The company had pro-forma revenues of $14.8 million in the quarter or an annual runrate of $60 million already. The acquisition of MPX that closed in February added revenue from their Colorado and New Mexico operations.Due to acquisitions, iAnthus opened dispensaries in Boston, Brooklyn, Baltimore and West Palm Beach. The company has 21 dispensaries open with a footprint potential of 68 dispensaries.The company didn’t provide a lot of details on the pro-forma results outside of revenues so investors will want to keenly focus on these numbers as 2019 results roll out.Relative ValueThe U.S. cannabis company has a market value of $1.3 billion that offers interesting relative value compared to the Canadian players highly focused on being farmers. One big key is that iAnthus is quickly buying actual operations and quickly developing U.S. markets versus global expansion that isn’t ready for primetime yet.iAnthus enters 2019 with access to 11 states with 121 million people and a predicted market size of $10 billion. This compares to a total Canadian population of approximately 38 million people.Source: iAnthus Capital April presentation In addition, most American companies aren’t going full force into the cultivation and processing part of the business. iAnthus has a current footprint of 200,000 square feet with an additional 380,000 square feet of planned expansion.As a comparison, Aurora Cannabis (ACB) recently announced the intent to expand one facility alone from 1.2 million square feet to 1.6 million square feet. The large Canadian cannabis company has 13 additional cultivation facilities that far exceed the 580,000 square feet of iAnthus Capital.The future will tell which plan was the right one, but iAnthus doesn’t face a scenario of having far too much supply for current demand. While the Canadian players are producing far in excess of the local demand requiring a leap of faith that global demand will absorb some of the excess production.TakeawayThe key investor takeaway is that companies like iAnthus Capital are underappreciated by the stock market. The company is quickly growing into a large MSO in the U.S. with plenty of opportunity for expansion and additional acquisitions to expand into further states as the market opens up.A big differentiator among the U.S. MSOs will turn to a focus on operational efficiency and growth potential. Investors should stay tuned as the story develops in the U.S. where the companies are mostly under the radar. The general market focus on the large Canadian players that locked themselves out of the booming U.S. market is an advantage to small investors paying attention to this market dynamic.To read more on the nitty gritty of what’s going on in the rising cannabis industry, click here. Disclosure: The author has no position in ITHUF. The information contained herein is for informational purposes only. More recent articles from Smarter Analyst: * Time to Cash Out on Cannabis Stock Canopy Growth (CGC) * A Look at Qualcomm (QCOM)-FTC Outcome and Its Impact on Apple (AAPL) * It's Time to Cut Estimates for Tesla (TSLA); Stock Remains a Long-Term Opportunity * Cannabis Stock Pick of the Week: Zenabis Global
("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 Neil Calvesbert as Chief Marketing Officer responsible for creating the brand vision and strategies to execute the companies growth objectives across brand, retail and consumer experience. Prior to joining iAnthus, Mr. Calvesbert served as the Chief Growth & Marketing Officer for Nicopure Labs and the Vice President of Global Marketing for Monster Energy Beverages, where he leveraged the Monster Energy brand to deliver inspirational brand stories and lifestyle-focused experiences through strategic partnerships with high profile athletes, musicians, influencers, global properties and events with a disruptive approach.
Benzinga is all geared up to host its third rendition of the Cannabis Capital Conference , full of big-time investors, top industry executives and reporters from around the world. If you haven’t already ...
CORAL GABLES, FL / ACCESSWIRE / April 11, 2019 / When speaking about the marijuana stock market, we cannot help but bring the Canadian cannabis industry into the conversation. For quite some time, Canada has been leading the global charge in terms of advocating in favor of cannabis legalization. Although cannabis growers are typically the companies most people focus on, it would seem that there are a significant amount of companies with ancillary functions in the cannabis sector.