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

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
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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 fiscal year ended 31 December 2023, iAnthus Capital Holdings Inc revenues decreased 2% to $159.2M. Net loss decreased 83% to $76.6M. Revenues reflect Western Region segment decrease of 19% to $53.1M, Other segment decrease of 79% to $227K. Lower net loss reflects Loss on debt extinguishment decrease of 100% to $1.3M (expense), Impairment loss decrease from $30.6M (expense) to $0K.
Reporting Currency: U.S. Dollars
Enterprise value: $341.29M as of Dec 31, 2023
Annual revenue (TTM): $219.27M as of Dec 31, 2023
EBITDA (TTM): -$17.15M as of Dec 31, 2023
Net annual income (TTM): -$105.51M as of Dec 31, 2023
Free cash flow (TTM): -$4.21M as of Dec 31, 2023
Net Debt Last Fiscal Year: $209.54M as of Dec 31, 2023
Shares outstanding: 6,615,326,267 as of Apr 5, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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