iAnthus

Regulators temporarily halt trading of marijuana firm iAnthus’ stock

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” […]

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Union takes action against iAnthus marijuana subsidiary in MA

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 […]

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

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 […]

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

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 […]

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iAnthus reports higher marijuana revenues, smaller loss

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 […]

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iAnthus reports revenue growth, wider losses as cannabis operations expand

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 […]

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Marijuana firm iAnthus lands $50 million investment

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 […]

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