Here are the 10-K annual reports from iAnthus Capital Holding (ITHUF) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow ITHUF and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ITHUF filings page.
iAnthus Capital Holdings, Inc. reports on a year marked by broad U.S. cannabis operations, balance-sheet restructuring and significant asset sales. The company operates a vertically integrated platform with 40 dispensaries and four cultivation/processing facilities across seven states as of December 31, 2025, with about 173,000 square feet of built-out cultivation and processing space and capacity to harvest roughly 43,000 pounds of biomass annually, rising to about 55,000 pounds when additional space is utilized.
The report highlights a highly regulated operating environment, reliance on state-level cannabis regimes despite continuing U.S. federal illegality, and a stated substantial doubt about the company’s ability to continue as a going concern. iAnthus completed a large recapitalization in 2022 that gave secured and unsecured debtholders about 97% of the equity and replaced prior debentures with new 8% secured and unsecured notes due June 24, 2027. During 2024 and 2025 it executed multiple portfolio moves, including acquiring the Cheetah cannabis distillate brand for approximately $3.5 million, selling Massachusetts, Nevada and Arizona assets for combined consideration exceeding $45 million in cash and notes, and realizing gains on deconsolidation and disposals while also recording a credit loss on unpaid Massachusetts note receivables.