iAnthus CEO offers business update, urges purchase of ‘undervalued’ cannabis stock

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(This story is part of MJBizDaily’s premium subscription service, Investor Intelligence.)

Monday was a busy day for iAnthus (OTC: ITHUF), with CEO Hadley Ford addressing several topics important to investors, such as the recent cannabis stock sell off, his company’s build-out plan and a strict focus on cost controls.

On a business update call, Ford also announced a new capital raise, guided to cash flow positive in 2020, discussed expansion plans and made a robust defense of the company’s business model.

But the CEO also took an unusual step: Urging listeners to buy iAnthus stock because he believes it’s undervalued.

Read more about iAnthus’ business update and the potential risks ahead at Investor Intelligence.