John SchroyerNovember 10, 2023
The company is facing several ongoing legal actions.
Tag: iAnthus
John SchroyerNovember 10, 2023
StaffJuly 17, 2023
The Daily Hit is a recap of the top financial news stories for July 17, 2023. On The Site Colorado Cannabis Sales Continue Falling In May, Colorado marijuana sales continued to plummet as a statewide industry slump hammers businesses, with sales hovering near their lowest point in four years. Read more here. Green Thumb Industries […]
Adam JacksonJuly 17, 2023
The appointment comes as the company wades through corruption accusations.
StaffJune 22, 2023The Daily Hit is a recap of the top financial news stories for June 22, 2023. On the Site Canopy Growth Sees More Than $3 Billion in Losses Canada-based cannabis industry leader Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) has reported steep rising losses worth more than C$3 billion. Canopy posted revenue of C$87.54 million for the fourth […]
StaffMay 30, 2023The Daily Hit is a recap of the top financial news stories for May 30, 2023. On The Site Two Dozen Publicly Traded U.S. Cannabis Companies Lost $4 Billion Last Year Two dozen of the top plant-touching publicly traded marijuana companies in the United States posted a cumulative financial loss of more than $4 billion […]
John SchroyerMay 30, 2023
Many companies dealt with significant one-time writedowns in 2022.
Debra BorchardtMarch 30, 2023
Executives are handsomely paid despite company problems.
John SchroyerDecember 2, 2022
Draft regulations 'kicking them in the kneecaps.'
Debra BorchardtMay 13, 2022Despite the ongoing battle with the booted shareholders, iAnthus Capital Holdings, Inc. (CSE: IAN) (OTCPK: ITHUF) continues to operate and deliver earnings. The company had first-quarter revenue of $42.8 million, a sequential decrease of 10% from the fourth quarter and a decrease of 17% from the same period in the prior year. iAnthus reported a […]
Debra BorchardtFebruary 3, 2022
iAnthus Capital Holdings, Inc. (CSE: IAN) (OTC: ITHUF) closed its acquisition of MPX New Jersey, LLC, a medical cannabis permit holder in New Jersey. The acquisition was originally announced in 2018 with a value of $835 million, but became a tangled mess with competing lawsuits. On January 7, 2022, the New Jersey Cannabis Regulatory Commission approved […]
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