Ianthus Stock Price, News & Analysis

iAnthus Capital Holdings (OTCID: ITHUF) has expanded its Florida presence with the opening of its 23rd GrowHealthy dispensary in Tamarac, Broward County. The new location features the company's refreshed store design and introduces premium in-house brands: Sunshine State & The Vault.

The dispensary, located at 5100 West Commerce Blvd, offers a comprehensive range of cannabis products including flower, vapes, and concentrates. Operating seven days a week, the facility showcases a unique local mural and emphasizes patient education and premium product access. This expansion reinforces GrowHealthy's flower-first philosophy and commitment to whole-plant wellness in Florida's medical cannabis market.

iAnthus Capital Holdings (OTCID: ITHUF) has reported its Q2 2025 financial results, showing significant declines across key metrics. The company posted revenue of $35.2 million, down $2.9 million from Q1 2025 and $7.8 million year-over-year. The quarter resulted in a net loss of $18.7 million, compared to a net income of $5.1 million in Q1 2025.

Financial performance deteriorated with gross profit falling to $16.2 million (down $2.7M QoQ) and gross margin declining to 46% (down 362 bps QoQ). Adjusted EBITDA decreased to $1.9 million, compared to $3.2 million in Q1 2025 and $8.9 million in Q2 2024, indicating continued operational challenges.

iAnthus Capital Holdings (OTCQB: ITHUF) has expanded its Florida presence with the opening of its 22nd GrowHealthy dispensary in Palm Harbor. The new location features a modern store layout, drive-thru service, and offers a comprehensive range of medical cannabis products including flower, vapes, and concentrates.

The dispensary, located at 2431 Tampa Road, celebrated its launch with a three-day event featuring promotions and live events. Operating hours are Monday-Saturday 9am-8:30pm and Sunday 9am-8pm. The expansion reflects GrowHealthy's commitment to providing accessible, high-quality medical cannabis products while maintaining its flower-first values and focus on patient care.

iAnthus Capital Holdings (OTCPK:ITHUF), a company operating in the regulated cannabis industry across the United States, held its Annual General Meeting on June 26, 2025. During the meeting, shareholders approved all proposed matters outlined in the May 21, 2025 Proxy Statement.

The key approvals included the election of five directors to the company's board: Scott Cohen, Michelle Mathews-Spradlin, Kenneth W. Gilbert, Alexander Shoghi, and Richard Proud. Additionally, shareholders approved the appointment of PKF O'Connor Davies, LLP as the company's auditors.

iAnthus Capital Holdings reported its Q1 2025 financial results with mixed performance. Revenue declined to $38.1 million, down $4.6M from Q4 2024 and $3.4M year-over-year. However, gross margin improved to 50%, up 472 bps quarter-over-quarter and 814 bps year-over-year. The company posted net income of $5.1 million, a significant decrease from Q4 2024's $27.8M but an improvement from Q1 2024's loss of $14.0M. Adjusted EBITDA was $3.2 million, down from $6.4M in Q4 2024. Notable events include a $12.1M gain from the sale of Nevada and Arizona assets, and $3.0M received in Employee Retention Tax Credits. The company also implemented a change in inventory valuation method from weighted average to standard costing in January 2025.

iAnthus Capital Holdings (OTCQB: ITHUF) has released its financial results for Q4 and full year 2024. The company reported annual revenue of $167.6 million, marking a 5.2% increase from the previous year, with a gross profit of $75.1 million (up 18.9%). The gross margin improved by 516 basis points to 45%.

For Q4 2024, revenue reached $42.7 million, showing sequential growth of $2.4 million from Q3 and a year-over-year increase of $1.8 million. The quarter's gross profit was $19.1 million, with a 45% gross margin. Notable improvements include reduced net losses, with annual net loss decreasing to $7.6 million from $76.6 million in 2023. The company's Adjusted EBITDA for 2024 reached $23.9 million, a significant increase of $15.6 million from the prior year.

iAnthus Capital Holdings (CSE: IAN, OTCQB: ITHUF) has opened its first GrowHealthy dispensary in Jacksonville, Florida, marking its 21st location statewide. The new facility, located at 12041 Beach Blvd., features innovative patient-centric elements including tethered bud displays and magnifying glasses for trichome inspection.

The grand opening on February 21, 2025, attracted strong patient turnout. The dispensary's design allows customers to examine products independently, enhancing the shopping experience. According to CEO Richard Proud, this expansion aligns with the company's 'smart growth' and 'strong margins' strategy in the Florida market, where nearly one million residents use medical cannabis for conditions like chronic pain and sleep disturbances.

iAnthus Capital Holdings (ITHUF) has announced the sale of select Arizona assets to Sonoran Roots for $36.5 million. The transaction includes three dispensaries and two processing/cultivation facilities, with iAnthus retaining one dispensary in Mesa, Arizona.

The purchase price consists of $20 million in cash payable at closing and a $16.5 million secured promissory note bearing 6% annual interest over 66 months. The deal, expected to close in 1Q2025, aligns with iAnthus' strategy to optimize its portfolio and focus on key growth markets including Florida, Maryland, New Jersey, Massachusetts, and New York.

The proceeds will be used for working capital, general corporate purposes, and partial repayment of secured debt obligations. iAnthus will maintain its presence in Arizona through its Health for Life dispensary in Crismon and the MPX brand.

iAnthus Capital Holdings (CSE: IAN, OTCQB: ITHUF) has appointed Justin Vu as permanent Chief Financial Officer, effective immediately. Vu, who previously served as Interim CFO since April 5, 2024, joined the company in early 2023 as Senior Vice President of Finance. Before iAnthus, he worked as a financial consultant and held senior finance and accounting positions at a major US media and entertainment company.

CEO Richard Proud expressed confidence in Vu's appointment, citing his demonstrated track record in execution, operational efficiency, and driving results since joining the cannabis operations company.