iAnthus Capital Holdings Inc. (C:IAN*CA)

Business Focus: Retail - Drugs without Grocery

Sector:  Consumer Non-Cyclicals Industry:  Drug Retailers
 
See Regulatory Filings on SEDAR
Company Contact
Address: 1075 Georgia St W Suite 1980
VANCOUVER BC V6E 3C9
Tel: N/A
Website: https://www.ianthuscapital.com
IR: See website
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Key People
Randy Maslow
President, Interim Chief Executive Officer, Director
Julius John Kalcevich
Chief Financial Officer, Corporate Secretary, Director
Pat Tiernan
Chief Operating Officer
John Henderson
Senior Vice President - Eastern Operations
Todd Karnig
Senior Vice President - Western Operations
Neil Calvesbert
Chief Marketing Officer
Ray Chevalier
Vice President - Infrastructure
Richard J. Boxer
Chief Medical Officer
 
Business Overview
iAnthus Capital Holdings Inc, formerly Genarca Holdings Ltd., is a Canada-based company which provides financing and related management and advisory services to operators engaged in the cultivation, manufacturing and dispensing of cannabis in states throughout the United States. The Company supports a portfolio of cannabis industry investments for its shareholders, including direct equity investments in for-profit license holders and lending facilities coupled with management services to not-for-profit license holders. The Company has invested in finance and management partnerships in approximately four states, comprising over eight licenses, approximately nine dispensaries and over four cultivation facilities. The Company provides an investment opportunity in licensed operations across various United States cannabis markets. The Company's subsidiary is iAnthus Capital Management, LLC.
Financial Overview
For the three months ended 31 March 2020, iAnthus Capital Holdings Inc revenues increased from $9.6M to $30.4M. Net loss increased from $18.3M to $237.3M. Revenues reflect Eastern Region segment increase from $4.2M to $18.7M, Western Region segment increase from $5.4M to $11.7M. Higher net loss reflects Salaries and employee benefits increase of 83% to $11.1M (expense), Interest expense increase from $2.3M to $5.7M (expense).
Reporting Currency: U.S. Dollars
Enterprise value: $189.56M as of Mar 31, 2020
Annual revenue (TTM): $130.97M as of Mar 31, 2020
EBITDA (TTM): -$66.78M as of Mar 31, 2020
Net annual income (TTM): -$687.01M as of Mar 31, 2020
Free cash flow (TTM): -$118.16M as of Mar 31, 2020
Net Debt Last Fiscal Year: $225.48M as of Mar 31, 2020
Shares outstanding: 171,718,192 as of Apr 6, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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