Welcome to our Cannabis Earnings series where we break down the latest earnings to help you focus on the most important topics.
Introduction
It seems like, for some reason, iAnthus Capital (OTCQX:ITHUF) never had the love from public investors. The stock lost almost three-quarters of its value from the 2019 highs and has been range-bound. Despite the recent financing from Gotham Green, we think iAnthus will remain under pressure because of its slower progress relative to other leading MSOs. The company needs to differentiate itself from other MSOs which will be hard to