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ITHUF - iAnthus Defaults On Debt: What Comes Next?
iAnthus Capital Holdings Inc.
iAnthus generates reasonable gross profits, but spends far too much money on operating expenses to be profitable. Source: The Growth Operation Cannabis Company Dashboard.
Summary
iAnthus (ITHUF) is an unprofitable U.S. cannabis company which has burned through $89 million over the past year. The company has issued nearly $160 million of debt to fund their continuing operations, with an average interest rate of 11%.