iAnthus guides to positive cash flow, affirms adequate capital for growth strategy

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 selloff, 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.

Gotham Green Partners invested $20 million in the company as part of a larger $100 million planned financing plan that allows iAnthus to fully execute its anticipated expansions.

The terms of the deal are complex, and we will have more detail in an upcoming article.

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