ITHUF - iAnthus Capital Holdings, Inc.

Other OTC - Other OTC Delayed Price. Currency in USD
1.4744
+0.0744 (+5.31%)
At close: 3:53PM EST
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Previous Close1.4000
Open1.4000
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range1.3800 - 1.5000
52 Week Range1.0600 - 6.1090
Volume194,174
Avg. Volume454,170
Market Cap249.832M
Beta (5Y Monthly)0.53
PE Ratio (TTM)N/A
EPS (TTM)-0.4400
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est8.23
  • PR Newswire

    iAnthus Begins 2020 with Approval to Enter Massachusetts Adult-Use Market

    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 been approved to commence adult-use cultivation and processing at its Holliston, Massachusetts facility.

  • CNW Group

    Cannabis Virtual Investor Conference Presentations Now Available for On-Demand Viewing

    Cannabis Virtual Investor Conference Presentations Now Available for On-Demand Viewing

  • Benzinga

    Despite End-Of-Year Spike, Cannabis Capital Raises For 2019 Lagged Compared To 2018

    The Viridian Cannabis Deal Tracker is an information service that monitors capital raise and M&A activity in the legal cannabis industry. Analyzing within 12 key industry sectors, the Viridian Cannabis Deal Tracker provides cannabis companies, investors, and acquirers with the data, trends, and intelligence they need to make informed decisions regarding deal valuations, terms, and structures. Since its inception, the Viridian Cannabis Deal Tracker has tracked and analyzed more than 2,400 capital raises totaling over $29 billion as well as more than 900 M&A transactions.

  • PR Newswire

    Live Investor Conference & Webinar: Cannabis Industry Companies Present January 9th

    Virtual Investor Conferences and KCSA Strategic Communications today announced the agenda for the upcoming Cannabis Industry Virtual lnvestor Conference. Individual investors, institutional investors, advisors and analysts are invited to attend. The program opens at 10:45 AM ET, with the first live webcast at 11:00 AM ET, on Thursday, January 9th.

  • PR Newswire

    iAnthus Announces Opening of Dispensary in Stuart, Florida

    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 GrowHealthy dispensary in Stuart, Florida. This brings the Company's total number of dispensaries in Florida to twelve and its system-wide total to 30.

  • PR Newswire

    iAnthus to Present at 2020 ICR Conference in Orlando, Florida

    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 its participation at the 2020 ICR Conference in Orlando, Fla., January 13-15.

  • PR Newswire

    iAnthus Closes on $36 Million Senior Secured Convertible Notes in a Third Tranche of Funding Led by Gotham Green Partners

    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 closing of an additional $36.15 million of senior secured convertible notes from Gotham Green Partners ("GGP") and additional co-investors. The investment by GGP and its co-investors is part of a broader $100 million financing plan that was previously announced on September 30, 2019 to support the buildout of all existing markets in which the Company currently operates. In aggregate, including its original investment made in May 2018, GGP has led investments totaling over $106 million into iAnthus.

  • PR Newswire

    iAnthus Announces Expansion of Phoenix Dispensary

    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 recent opening of its new dispensary in Phoenix, Arizona. This dispensary, currently operating under "The Holistic Center" brand, has replaced a prior location in Phoenix.

  • 3 Under-The-Radar Cannabis Stocks Heading Into 2020 on a Bright Note
    TipRanks

    3 Under-The-Radar Cannabis Stocks Heading Into 2020 on a Bright Note

    During a volatile period for the cannabis market, a few under the radar stocks shined. The market hasn’t really noticed with a general focus on only the stocks listed on the major stock exchanges that struggled mightily during the September quarter due to weakness almost solely in the Canadian cannabis market.As the global market heads toward $20 billion in sales next year, investors should look for niche players that offer better valuations and potentially unique market opportunities. These companies might have catalysts that include acquisition targets by the big cannabis stocks in either the U.S. or Canada.Stock market woes tend to hit most stocks equally regardless of quarterly results and growth expectations. A stock trading at yearly lows despite meeting financial projections is worthy of further review.The cannabis stocks with market valuation in excess of $1 billion generally have strong investor coverage. We’ve delved into three under-the-radar cannabis companies with market valuations that are below $1 billion and positioned for a big rebound in 2020:iAnthus Capital (ITHUF)iAnthus Capital is the first of the under the radar cannabis players. The company has a market cap below $350 million with 266 million shares outstanding despite reporting a quarter with official revenues of $22.3 million and easy access to pro-forma revenues of $30.9 million.The U.S. multi-state operator (MSO) has an easy path to 2020 revenues topping $250 million. The company now has 29 system-wide dispensaries led by 11 in Florida with 11 more stores under lease.iAnthus Capital is in the process of closing the deal for Sierra Well that only cost $27.6 million for annualized revenues of $17.6 million. The premier Nevada operator will add two dispensaries and two cultivation and production facilities to the key Nevada market.Like other stocks, iAnthus Capital is trading at the recent multi-year lows. The stock is down over 75% from the highs providing the opportunity in the beaten down stock as the MSO has plenty of catalysts from federal regulations to potential consolidation in the U.S. cannabis industry.Even without such events, the MSO has projections for reaching positive and sustainable EBITDA and operational free cash flow in 2020. A differentiator in the market next year is the ability of these Canadian and U.S. companies to become self-sustaining considering the bigger questions regarding access to capital with the unknown regulatory environment.Wall Street’s confidence backing this cannabis player is strong, with TipRanks analytics showcasing iAnthus as a Strong Buy. Based on 3 analysts tracked in the last 3 months, all 3 rate the stock a Buy. The 12-month average price target stands tall at $7.06, marking a huge upside potential of 440% from yesterday's closing price. (See iAnthus’ price targets and analyst ratings on TipRanks)Abacus Health Products (ABAHF)Abacus Health Products recently got notoriety for signing former NFL player Rob Gronkowski to a promotional deal for their CBD products. Gronk has a history of major injuries from his NFL playing career providing some substantive support for the benefits of CBD products for pain management and recovery with athletes.For Q3, Abacus Health grew revenues 97% over last year to $4.0 million. The company sells CBD products in the U.S. with current gross margins topping 60% that will be attractive to investors as the company scales revenues.The CBD firm is still generating relatively small quarterly losses as the CBDMEDIC products expand into the largest three pharmacy chains. Abacus Health forecasts contracts with 7,000 retail pharmacy and supermarket locations across 31 states. The incredible part of the story is the CBDMEDIC products only reached 3,000 locations in 24 states at the end of June while the company now has just 20% penetration of the 34,500 retail locations within these chains.Similar to Aleafia Health, Abacus Health has a decent cash position with a $28 million balance. Depending on how the CBD market grows in the U.S. based on how the FDA moves forward with regulating the products will impact whether the company needs to raise additional funds.The stock has a market value of only $95 million with some analysts listing 2020 revenue targets of over $50 million. The stock isn’t for risk adverse investors considering the small market size and the 70% decline from the peak back in early April.Abacus Health has a small, but vocal camp of bullish analysts that have the stock rated a Buy. Meanwhile, the $10.25 price target suggests an upside potential of 130% from the current share price. (See Abacus Health stock-price forecast and analyst ratings)Aleafia Health (ALEAF)Aleafia Health was one of the few Canadian companies to actually beat analyst expectations in Q3. The company only reported quarterly revenues of C$5.3 million, but the numbers were up 34% sequentially from C$4.0 million.The company has the claim to fame of the lowest cost production with a reported $0.08 cost per gram at an outdoor facility. The more important cannabis revenues surged 64% sequentially to C$4.2 million, up from C$2.5 million. On top of this, Aleafia just recieved a C$7.1 million order to provide a huge boost to Q4 revenues.Aleafia Health is still in the production ramp up period with current licensed production of 32,600 kg and the planned cultivation capacity reaching 129,500 kg once obtaining regulatory approval for the Niagara Greenhouse and additional outdoor grow space. The low outdoor cost was achieved on only 10,360 kg of dried flower cultivation and further scale should lower costs even more.The biggest concern with Aleafia going into the quarter was the substantial losses in relation to revenues. The Q3 adjusted EBITDA loss was cut substantially to only C$2.5 million in the quarter. The company was able to cut expenses by 30% in the sequential quarter while growing revenues at a similar clip.With the losses cut and a cash balance of C$57 million, Aleafia Health appears poised to reach profitability with more growth. The stock has a listed market value of $135 million following a 75% collapse from 52-week highs above $2 back in February.Minimal analyst coverage has the company achieving $53 million in 2020 revenues which are easily achievable with selling prices in the $4 to $5 per gram range while production ramps significantly next year. The low-cost production allows the company to better survive the current tough pricing climate in the Canadian cannabis market.Check out these 5 ‘Strong Buy’ stocks that top Wall Street analysts recommend.

  • PR Newswire

    iAnthus to Resume Vaping Sales in Massachusetts in Accordance with New Regulations

    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 update the market on the status of cannabis vaping product sales by its Massachusetts subsidiary, Mayflower Medicinals, Inc.

  • Market Exclusive

    iAnthus Opens 11th Florida Dispensary in Ocala

    iAnthus Capital Holdings (CSE: IAN) (OTCQX: ITHUF) has announced the opening of its GrowHealthy dispensary in Ocala, Fla. This opening brings the company's total number of dispensaries in Florida to 11 and its system-wide total to 29. New Location The new 3,900-sq.-ft. store is located at 2370 SW College Rd. It is GrowHealthy's first dispensary in […]The post iAnthus Opens 11th Florida Dispensary in Ocala appeared first on Market Exclusive.

  • PR Newswire

    iAnthus Subsidiary CBD For Life Continues to Expand National Reach for Holiday Season

    CBD For Life (the "Company"), a subsidiary of iAnthus Capital Holdings, Inc. ("iAnthus") (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 now reached over 2,600 retail stores in the United States with its leading CBD-infused wellness and self-care products.

  • CNW Group

    iAnthus Announces Opening of Dispensary in Ocala, Florida

    iAnthus Announces Opening of Dispensary in Ocala, Florida

  • Benzinga

    Benzinga Heads To Miami For The First Cannabis Capital Conference Of 2020

    DETROIT — The premier gathering of cannabis entrepreneurs and investors in North America, the Benzinga Cannabis Capital Conference , is heading to Miami in 2020 for its sixth installment. The conference, ...

  • PR Newswire

    iAnthus Annual General and Special Meeting of Shareholders

    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 report the results for the Annual General & Special Meeting of Shareholders (the "Meeting") of iAnthus held on Thursday, December 5, 2019 at 10:00 a.m. (Eastern Time).