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iAnthus Capital Holdings Inc. (C:IAN)

Business Focus: Medical Farming

Sector:  Healthcare Industry:  Healthcare Facilities & Services
 
Company Contact
Address: 420 Lexington Ave, Suite 414
NEW YORK NY 10170
Tel: N/A
Website: https://www.ianthus.com
IR: See website
Key People
Richard Proud
Chief Executive Officer, Director
Justin Vu
Interim Chief Financial Officer
 
Business Overview
iAnthus Capital Holdings, Inc. is a vertically integrated, multi-state owner and operator of licensed cannabis cultivation, processing, and dispensary facilities. The Company is also a developer, producer, and distributor of branded cannabis and cannabidiol (CBD) products in the United States. Through its subsidiaries, the Company owns and/or operates 37 dispensaries and eight cultivation and/or processing facilities in seven United States. Its multi-state operations encompass a full range of medical and adult-use cannabis enterprises, including cultivation, processing, product development, wholesale-distribution, and retail. The Company offers various cannabis products, which includes flower and trim, products containing cannabis flower and trim, such as packaged flower and pre-rolls; cannabis infused products, such as topical creams and edibles and products containing cannabis extracts, such as vape cartridges, concentrates, live resins, wax products, oils, and tinctures.
Financial Overview
For the six months ended 30 June 2024, iAnthus Capital Holdings Inc revenues increased 12% to $84.6M. Net loss decreased 39% to $23.8M. Revenues reflect Eastern Region segment increase of 34% to $62.6M. Lower net loss reflects Interest and other income increase from $877K to $3.4M (income), Salaries and employee benefits decrease of 14% to $13.7M (expense).
Reporting Currency: U.S. Dollars
Enterprise value: $277.80M as of Jun 30, 2024
Annual revenue (TTM): $234.00M as of Jun 30, 2024
EBITDA (TTM): -$2.05M as of Jun 30, 2024
Net annual income (TTM): -$85.72M as of Jun 30, 2024
Free cash flow (TTM): $7.02M as of Jun 30, 2024
Net Debt Last Fiscal Year: $217.40M as of Jun 30, 2024
Shares outstanding: 6,673,394,942 as of Nov 1, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization