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CCHWF - iAnthus: New Funding A Step In The Right Direction
Columbia Care Inc
Welcome to our Cannabis Earnings series where we break down the latest earnings to help you focus on the most important topics.
Introduction
iAnthus Capital (ITHUF) just reported its first clean quarter with full contribution from the acquired MPX assets. The company reported a big jump in revenue largely due to the full inclusion of MPX. Funding has been a key concern for shareholders in the past and the latest $50 million senior secured term loan arrangement is a step in the right direction. We think iAnthus needs to secure additional funding given its plan