iAnthus Continues Expansion in Florida with the Opening of GrowHealthy’s 25th Dispensary in St. Petersburg
Rhea-AI Summary
iAnthus (OTCID: ITHUF) opened the 25th GrowHealthy dispensary in Florida on December 8, 2025, expanding retail presence in St. Petersburg. The new location at 4831 34th Street South, Fort St. Petersburg, FL 33711 offers an expanded product lineup including The Vault, MPX, and Sunshine State brands and a menu of flower, vapes, concentrates and other formats. The store emphasizes a “flower-first” approach, patient education, and community connection, and is designed for a local, care-focused retail experience. Hours are Monday–Saturday 9:00 a.m.–8:30 p.m. and Sunday 9:00 a.m.–8:00 p.m.
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News Market Reaction – ITHUF
On the day this news was published, ITHUF declined 18.75%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
While ITHUF fell 22.22%, peers were mixed: CBSTF gained 12.73%, DBCCF rose 3.44%, DUTV jumped 61.09%, VEXTF was flat, and MRMD declined 5.06%, suggesting stock-specific pressure.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 08 | Store opening | Positive | -18.8% | Opened 25th GrowHealthy dispensary in St. Petersburg, expanding Florida reach. |
| Nov 12 | Earnings release | Negative | -11.5% | Q3 2025 results showed lower revenue and a net loss with modest EBITDA. |
| Nov 05 | Store opening | Positive | -17.9% | Opened 24th GrowHealthy dispensary in Fort Myers with expanded product lineup. |
| Sep 11 | Store opening | Positive | +2.3% | Launched 23rd GrowHealthy dispensary in Tamarac, reinforcing Florida footprint. |
| Aug 12 | Earnings release | Negative | +1.7% | Q2 2025 showed revenue declines, wider net loss, and lower gross profit and EBITDA. |
Store opening news for GrowHealthy has often coincided with negative price reactions, while earnings releases have produced mixed responses, indicating limited short-term bullish impact from expansion headlines.
Over the last few months, iAnthus expanded its Florida GrowHealthy footprint from the 23rd dispensary in Tamarac to the 25th in St. Petersburg, emphasizing a flower-first, community-focused retail model and broader brand offerings. Despite these openings, prior expansion announcements on Sep 11, Nov 5, and Dec 8 saw mostly negative 24-hour price reactions. Financially, Q2 and Q3 2025 results showed declining revenue and ongoing net losses, and the latest 10-Q highlighted “substantial doubt” about the company’s ability to continue as a going concern.
Market Pulse Summary
The stock dropped -18.8% in the session following this news. A negative reaction despite the St. Petersburg opening fits prior patterns where expansion news coincided with weak price responses, such as earlier Florida dispensary launches that saw declines within 24 hours. The drop would also sit against a backdrop of Q2 and Q3 2025 losses and a 10-Q noting “substantial doubt” about going-concern status. Together, these factors have often kept focus on balance-sheet and profitability risks rather than footprint growth alone.
AI-generated analysis. Not financial advice.
Dispensary Opening Brings Expanded Access to Premium Products, Introduces New Brands and Delivers an Elevated Patient Experience
NEW YORK and TORONTO, Dec. 08, 2025 (GLOBE NEWSWIRE) -- iAnthus Capital Holdings, Inc. (“iAnthus” or the “Company”) (CSE: IAN, OTCID: ITHUF), which owns, operates and partners with regulated cannabis operations across the United States, has announced its expansion into St. Petersburg with the opening of its 25th GrowHealthy dispensary in Florida.
The new St. Petersburg location opens its doors today with an expanded lineup of premium product brands, including The Vault, MPX and Sunshine State, offering patients greater choice and quality all under one roof.
“We’re thrilled to bring GrowHealthy to St. Petersburg,” said Richard Proud, CEO at iAnthus. “Each new opening is a chance to deepen our mission by broadening access to safe, high-quality cannabis, and strengthening our connection to patients across the Sunshine State. This store was built to feel local while delivering care, consistency, and the personal experience that patients expect from GrowHealthy.”
GrowHealthy continues to set itself apart through a focus on whole-plant wellness, premium genetics and community connection. Built on the foundation of cultivators and caregivers, the company leads with a flower-first philosophy, strong community ties, and a deep respect for the cannabis plant. The St. Petersburg dispensary offers an extensive menu of products including flower, vapes, concentrates and additional form factors designed to meet the diverse wellness needs of the local community.
“The St. Pete opening gives us another opportunity to meet patients where they are and make the process as welcoming as possible,” said Kelly Heinichen, Vice President of Retail Operations at iAnthus. “Our team takes pride in offering not only exceptional products, but an experience centered on compassion, education and genuine connection.”
The St. Petersburg launch underscores iAnthus’ ongoing commitment to expanding patient access and elevating the cannabis retail experience across Florida. Each GrowHealthy location is built with thoughtful design, elevated service, and unwavering product quality.
The St. Petersburg dispensary, located at 4831 34th Street South, Fort St. Petersburg, FL 33711, will be open Monday-Saturday 9:00 a.m. to 8:30 p.m. and Sunday 9:00 a.m. to 8:00 p.m.
About iAnthus
iAnthus is a vertically integrated cannabis company on a mission to build premium brands through a network of cultivation, production, and retail operations across the United States. Backed by a leadership team with deep expertise in cultivation, operations, and capital markets, the company strategically leverages acquisition-driven growth and access to capital to create long-term competitive advantage. iAnthus’ brand portfolio includes: MPX, Anthologie, Black Label, Cheetah, Frūtful, Last Resort, Moodz, Sunshine State, and The Vault. For more information, visit www.iAnthus.com.
Forward Looking Statements
Statements in this news release contain forward-looking statements. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of management, are not guarantees of performance and are subject to significant risks and uncertainty. These forward-looking statements should, therefore, be considered in light of various important factors, including those set forth in Company's reports that it files from time to time with the United States Securities and Exchange Commission (the “SEC”) and the Canadian securities regulators which you should review including, but not limited to, the Company's Annual Report on Form 10-K filed with the SEC. When used in this news release, words such as “will,” could,” plan,” estimate,” expect,” intend,” may,” potential,” believe, “should” and similar expressions, are forward-looking statements. Forward-looking statements may include, without limitation, statements relating to the Company's financial performance, business development and results of operations.
These forward-looking statements should not be relied upon as predictions of future events, and the Company cannot assure you that the events or circumstances discussed or reflected in these statements will be achieved or will occur. If such forward-looking statements prove to be inaccurate, the inaccuracy may be material. You should not regard these statements as a representation or warranty by the Company or any other person that it will achieve its objectives and plans in any specified timeframe, or at all. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release. The Company disclaims any obligation to publicly update or release any revisions to these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this news release or to reflect the occurrence of unanticipated events, except as required by law.
Neither the Canadian Securities Exchange nor the SEC has reviewed, approved or disapproved the content of this news release.
Corporate/Media/Investors: Justin Vu, Chief Financial Officer iAnthus Capital Holdings, Inc. 1-646-518-9418 investors@ianthuscapital.com
FAQ
What does iAnthus (ITHUF) opening its 25th GrowHealthy dispensary in St. Petersburg mean for patient access in Florida?
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When did iAnthus (ITHUF) open the GrowHealthy dispensary in St. Petersburg?
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