iAnthus Capital (CSE:IAN)

  • Symbol:CSE:IAN
  • Ticker 2:OTC:ITHUF
  • Sector:Healthcare
  • Industry:Pharmaceutical
  • CEO:Hadley Ford
  • Founded:2013
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iAnthus Capital (CSE:IAN) Stock Price

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iAnthus Capital (CSE:IAN) Company Overview

iAnthus (CNSX: IAN) was founded by experienced entrepreneurs, with backgrounds in operations, investment banking, corporate finance, law and health care, who each brought a unique set of skills and expertise to the table. A change in strategy in early 2018, led the company to move from passive investors, to executive owners of their investments. All hands on deck from there.

The company now operates across 11 U.S. States and owns 23 dispensaries, boasting the full gamut of vertically-integrated cannabis operations; from cultivation to processing and retailing. The company's investments are most notable in Massachusetts, New York and Florida, Nevada, Arizona and California which all exist in markets with large populations, strong growth characteristics and limited licenses.

iAnthus was the first multi-state operator in the U.S. to go public and raise money in Canada, and in February the company entered into a merger with MPX Bioceuticals Corp. The combination, valued at C$835 million, was at the time the largest public cannabis transaction in the U.S. The company also received a $50 million investment from Gotham Green Partners, considered one of the shrewdest in the industry.

The company also recently acquired 'CBD For Life' for $10.4 Million to gain access to CBD For Life's suite of CBD products, which are currently distributed to over 1,000 retail locations throughout 46 U.S. states.

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