iAnthus

Regulators temporarily halt trading of marijuana firm iAnthus’ stock

Published April 22, 2020 | By Jeff Smith

Canadian securities regulators halted the trading of iAnthus stock for nearly four hours Wednesday as they sought information from the multistate cannabis operator about reports related to its difficult financial situation. In a news release, New York-based iAnthus attributed the trading suspension on the Canadian Securities Exchange to a request for information about online “speculative” […]

Union takes action against iAnthus marijuana subsidiary in MA

Published February 28, 2020

A labor union filed a complaint with Massachusetts regulators alleging that multistate cannabis operator iAnthus Capital Holdings violated state law. In its filing to the state Department of Labor Relations, Local 1445 of the United Food and Commercial Workers Union said New York-based iAnthus issued written warnings to two pro-union employees at a cannabis cultivation […]

NY-based cannabis firm iAnthus takes group to court in Canada

Published February 28, 2020

Vertically integrated multistate marijuana operator iAnthus Capital Holdings is taking legal action against an international investor group that claimed the New York company has defaulted on a $25 million convertible debt deal. The legal action, filed in a court in Ontario, Canada, centers around claims that iAnthus has not kept to the terms of a […]

More medical cannabis companies bolster operations in lucrative Florida market following smokable flower ban repeal

Published November 11, 2019 | By Jeff Smith

A new Florida law repealing a ban on smokable medical marijuana products has given the state’s MMJ market a shot in the arm, prompting large multistate companies to aggressively expand their production, operations and retail footprints. That has injected fresh competition into one of the nation’s fastest-growing medical cannabis markets and loosened the grip of the state’s […]

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

Published October 1, 2019

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.

iAnthus reports higher marijuana revenues, smaller loss

Published August 27, 2019

New York-based iAnthus Capital Holdings, a multistate cannabis company, on Tuesday reported revenue of $19.2 million for the second quarter, an increase from $256,000 from the same period a year ago. The net loss for the quarter ending June 30 totaled $9.3 million, compared with a loss of $35.4 million in the same period a […]

iAnthus reports revenue growth, wider losses as cannabis operations expand

Published April 2, 2019

Multistate marijuana company iAnthus Capital reported revenue of $2.2 million for the fourth quarter ended Dec. 31, 2018, up 165% from the same period a year ago. For the full year, iAnthus posted revenue of $4.5 million, up 88% compared with its 2017 fiscal year. The New York firm reported pro forma revenue for the […]

Marijuana Business This Week: Ontario opens for business, Texas deschedules hemp, NH bill moves to full House & more

Published April 1, 2019

Here are some notable stories to watch for in the coming days: GRAND OPENING: Ontario’s first legal cannabis retail shops can open for business Monday, but it is unclear how many of the Canadian province’s initial 25 license holders are ready to open their doors. That’s because, as of last week, some remained stuck in […]

US cannabis firm iAnthus inks CA$835 million acquisition of MPX Bioceutical

Published October 18, 2018

Multistate marijuana firm iAnthus Capital agreed to acquire the U.S. assets of Toronto-based cannabis company MPX Bioceutical Corp. in an all-stock deal valued at 835 million Canadian dollars ($640 million), the second mega-acquisition in the American MJ industry in less than a week.

She’s in charge: New accelerator looks to boost opportunities for women in cannabis

Published August 29, 2018 | By Lisa Bernard-Kuhn

As the cannabis space rapidly evolves into a multibillion-dollar global industry, women are increasingly being left behind, says the founder of a new female-focused business accelerator.

Cannabis firm 4Front to go public after closing $13.4 million raise

Published July 2, 2018 | By Lisa Bernard-Kuhn

Arizona-based 4Front Holdings is charting a path to go public in Canada following its latest $13.4 million funding round.

Marijuana firm iAnthus lands $50 million investment

Published May 15, 2018

Multistate cannabis firm iAnthus secured a $50 million investment from Gotham Green Partners, a marijuana-focused private equity firm based in New York. The deal, announced Monday, is one of the largest investments by a single investor in a U.S.-based publicly traded cannabis firm, according to a news release. Net cash proceeds to the firm are […]