|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.0601 - 0.0700|
|52 Week Range||0.0460 - 3.2200|
|Beta (5Y Monthly)||0.62|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||8.23|
iAnthus Capital Holdings, Inc. ("iAnthus" or the "Company") (CSE: IAN) (OTCQX: ITHUF), which owns, operates, and partners with regulated cannabis operations across the United States, reports its financial results for the year ended December 31, 2019. The Company's Financial Statements for the year ended December 31, 2019 and the related Management's Discussion & Analysis can be accessed on the Company's SEDAR profile at www.sedar.com and on the Company's website.
NEW YORK and TORONTO , July 13, 2020 /CNW/ - iAnthus Capital Holdings, Inc. ("iAnthus" or the "Company") (IAN.CN) (ITHUF), which owns, operates, and partners with regulated cannabis operations across the United States , announced today that it has entered into a Restructuring Support Agreement (as defined below) with 100% of its Secured Lenders (as defined below) and over 91% of the Unsecured Debentureholders (as defined below) to effect a proposed recapitalization transaction (the "Recapitalization Transaction"), as well as provide Interim Financing (as defined below) of $14 million . The Recapitalization Transaction is expected to significantly reduce the Company's outstanding indebtedness and annual interest costs, improve its capital structure and liquidity, and result in an enhanced financial foundation for the Company.
U.S. cannabis executives say an added layer of antitrust reviews from the Department of Justice cost marijuana companies millions in legal fees and other costs.