The first adult-use cannabis sales in New York began on Dec. 29, nearly 20 months after former Gov. Andrew Cuomo signed recreational marijuana into law.
Cannabis company iAnthus Capital Holdings Inc. (OTCPK: ITHUF) is evaluating a potential sale with a consultant, according to sources familiar with the matter,
Florida Gets New MMJ Czar
Florida Department of Health’s officials recently revealed that Christopher Phillip Kimball agreed to serve as the state’s Office of Medical Marijuana Use, succeeding Chris Ferguson, who served for the past three years.
iAnthus Capital Holdings, Inc. (OTCPK:ITHUF) (CSE:IAN) Q3 2022 revenue was $39.4 million, a sequential decrease of 10% from Q2 2022 and a decrease of 20% from the same period in the prior year.
Q3 2022 Financial Highlights
Nine of the ten largest debt raises ever completed for U.S. Cultivation & Retail companies were closed in 2021 and, to a much lesser extent, YTD 2022. Over $3.8B of debt was sold over this period, far more than in any similar period in U.S. Cannabis history.
Investors should be paying close attention to the efforts of MSOs to extend or refinance their upcoming debt maturities.