iAnthus Capital Holdings Inc (OTCMKTS:ITHUF) On the Verge of Breaking Out
By Jim Bloom Posted on June 18, 2018
After a few years of steady growth, iAnthus Capital Holdings Inc (OTCMKTS:ITHUF), seems set to rocket through the charts. Its largest revenue for the last three years was only $0.15 million, but in the release of its 2018 first quarter results, the firm had already recorded revenues above $3 million. For early investors, this is the time to reap the rewards of their patience. In this piece, we give you details of the company, analyze its financial results and discuss its most recent press releases.
First, take a look at the stock’s price movement in the last year:
iAnthus Capital Holdings, Inc. was established by Randy Maslow and Hadley Ford in November 2013 and its head office is in New York, USA.
The firm specializes in the financing of licensed cannabis processors, cultivators, and dispensaries. Its portfolio also includes Organix, Grassroots Vermont, Mayflower Medicinals and R. Greenleaf. In addition, the company engages in delivering solutions for financing, developing, and managing state-licensed cannabis cultivators and dispensaries all located in the United States.
The firm recently announced that one of its affiliates, Mayflower Medicinals, Inc. has entered into a Host Community Agreement with the City of Lowell in Massachusetts, to run a Medical Marijuana Treatment Center located within the area.
Mayflower means to apply for a special permit at the site which if granted will enable the dispensary to become only the second operating dispensary within the Lowell city area.
Chief Development Officer, John Henderson, explained that the people of Massachusetts and the City of Lowell have complied with high program regulations which are strictly targeted at patient care and regulatory compliance. He