|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||1.9800 - 2.1000|
|52 Week Range||1.9800 - 6.7200|
|Beta (3Y Monthly)||2.12|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||8.23|
Individual and institutional investors as well as advisors are invited to log-on to VirtualInvestorConferences.com to view the presentations NEW YORK , Sept. 16, 2019 /PRNewswire/ -- Virtual Investor Conferences ...
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. Hadley Ford, Chief Executive Officer of iAnthus said, "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.
If you have attended past Cannabis Capital Conferences, you know that Benzinga is recognized for bringing in the most reputable, cutting-edge companies and speakers in the industry. From an extemporaneous keynote from Acreage Holdings Inc (OTC: ACRGF) CEO Kevin Murphy to a fireside chat with “King of Instagram” Dan Bilzerian, Benzinga events are nothing short of exciting. While Benzinga's events team gears up for its biggest, most unforgettable conference yet — we are happy to announce speakers of the highest caliber.
Cannabis Company Executives share vision, answer questions live at VirtualInvestorConferences.com NEW YORK , Sept. 6, 2019 /PRNewswire/ -- Virtual Investor Conferences and KCSA Strategic Communications ...
A series of earnings reports from big companies including Slang Worldwide Inc (OTC: SLGWF) and TILT Holdings Inc (OTC: SVVTF) provided evidence that “the slow rollout of Massachusetts' recreational licenses has finally hit the earnings of cannabis companies who were slow to recognize the effects,” Green Market Report CEO Debra Borchardt told Benzinga. In other news, we found out that a weed-themed show is hitting the runway at the New York Fashion Week, the product of a collaboration between bold fashion designer Korto Momolu —featured on the show "Project Runway" —and Women Grow, the largest networking organization for women in the cannabis and hemp industries. "To sum it up in one phrase: it's 'for women, by women,'" Momolu told Benzinga.
No matter the positive steps taken by the U.S. cannabis multi-state operators (MSOs), the market has completely shunned the stocks. A prime example is iAnthus Capital (ITHUF) that is down over 50% from the recent highs despite recently reporting 35% sequential revenue growth and the stock trading at a reasonable P/S multiple.Solid Q2iAnthus has licenses for 68 dispensaries in 11 states with a current focus on the 8 locations already open in Florida plus strong revenues in Arizona and Nevada. For Q2, revenues surged 35% sequentially to $25 million.The recently closed deal for CBD For Life added $1.2 million into the pro-forma revenues. The company only paid $10.4 million for the access to a CBD brand with distribution into 1,100 retail locations in 46 states and a current revenue stream of nearly $5 million. If only, all cannabis acquisitions were at tis valuation multiple.iAnthus was able to reduce the adjusted EBITDA loss to $4.7 million in the quarter. The ideal situation is a company generating profits on a quarterly basis, but the sector is quickly ramping so one should expect some short-term losses in certain occasions.Lots Of PotentialThe opportunity here is that iAnthus is opening up dispensaries in new markets of Massachusetts, New York and New Jersey. In addition, the company expects to double the dispensaries in the key Florida market by next year after recently opening 5 stores alone in August.The CBD For Life brand recently expanded a distribution deal with Dillard’s to 265 department stores in 29 states. The CBD brand saw sales surge in Q2 to $1.2 million, up from only $0.7 million in Q1. The addition of iAnthus as an owner of the brand has seen immediate benefits.The relatively small U.S. cannabis MSO already has annualized revenues of $100 million with analyst targets reaching over $300 million in 2020. The company is projected to nearly double quarterly revenues to ~$47 million by Q4. Some of the much better-known Canadian cannabis companies aren’t any bigger than the relatively unknown iAnthus.The stock only has a market cap of $625 million now based on a fully diluted share count of 250 million shares. A big part of the catalysts for small U.S. MSOs are potential buyout targets on industry consolidation or eventual listing on major U.S. stock exchanges along with federal government approval of cannabis. Not to mention, additional revenue opportunities will open up when existing medical marijuana markets open up the much larger recreational cannabis opportunity. Several companies are already seeing the benefit of recreational cannabis approval in Illinois for January 1.The Consensus Verdict iAnthus has a vocal camp of bullish analysts with positive expectations for the stock. Out of 5 analysts polled by TipRanks (in the past 7 months), all 5 rate the stock a Buy. With a return potential of 250%, the stock’s 12-month consensus target price stands at C$11.25. (See iAnthus' price targets and analyst ratings on TipRanks)TakeawayThe key investor takeaway is that the U.S. MSOs continue sinking lower in part to the substantial weakness in the Canadian LPs that trade on major stock exchanges. At some point, the market will distinguish a difference between the U.S. and Canadian players with the U.S. stocks having several catalysts via further state or federal approval of particular markets and stock listings on major exchanges.The stock is exceptionally cheap at only 2x ’20 sales estimates providing the ultimate value in the sector.Visit TipRanks’ Trending Stocks page, and find out what companies Wall Street’s top analysts are looking at now.Disclosure: No position.
The following five days will be very busy for the cannabis industry as no less than 20 companies are set to report results for the last quarter. Here are the highlights of what we should expect this week ...
NEW YORK and TORONTO, Aug. 23, 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 it has received approval from the Florida Office of Medical Marijuana Use ("OMMU") to open dispensaries in Lakeland and Gainesville, Florida, as well as the previously announced dispensary in North Miami. This will bring the Company's total number of dispensaries in the state to eight.
("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 it has entered into a term sheet and is actively negotiating definitive documents for a senior secured term loan of up to US$50 million (the "Term Loan") from one or more investment funds managed by Torian Capital Partners (collectively, "Torian Capital"), an investor in the global cannabis industry. The Term Loan is expected to be made available in two tranches of US$25 million , each with substantially similar terms.
The Company will host a conference call for financial analysts and investors at 8:30 a.m. Eastern Time on Wednesday , August 27, 2019 to discuss the Company's second quarter results. Additionally, the Company would like to update analysts and investors on the opening of its GrowHealthy store in North Miami , which was expected to open on August 5, 2019 , but has been delayed. Due to a postponement in the receipt of the final certificate of occupancy, the store is now expected to open later this month.
NEW YORK and TORONTO, Aug. 1, 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 operational updates for GrowHealthy, the Company's Florida medical marijuana operation. "Since opening our first Florida dispensary in December 2018, we have grown our market share from 0% to 3% within our first 7 months of retail operations in one of the largest medical markets within the United States," said Hadley Ford, Chief Executive Officer of iAnthus.
Receives approval from City of Worcester to open adult-use store in Massachusetts' second largest market, continues to scale cultivation and production capacity NEW YORK , July 26, 2019 /PRNewswire/ - ...
iAnthus Subsidiary CBD For Life Continues to Expand National Footprint with Dillard's Department Store Partnership