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%.
On March 30, iAnthus failed to make a debt payment. After the passing of a cure period, they are in default on all of their debt. Shares fell