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

It’s the FINAL COUNTDOWN on MJBizCon savings. Get your tickets by Thursday Sept. 28 for the 12th annual cannabis business conference, Nov. 29-Dec. 1 in Las Vegas.

(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.