Welcome to our dedicated page for Ianthus news (Ticker: ITHUF), a resource for investors and traders seeking the latest updates and insights on Ianthus stock.
iAnthus Capital Holdings owns, operates and partners with regulated cannabis operations across the United States, with cultivation, production and retail activities tied to a portfolio of cannabis brands. News about ITHUF commonly covers financial results, dispensary openings under the GrowHealthy banner, product-brand availability and updates in state cannabis markets such as Florida.
Company updates also address capital-structure actions, including bridge-note amendments, and governance changes such as finance leadership appointments. Recurring brand references include MPX, Anthologie, Black Label, Cheetah, Frūtful, Last Resort, Moodz, Sunshine State and The Vault.
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 (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.
iAnthus Capital Holdings (ITHUF) has announced the acquisition of Cheetah vape brand through an asset purchase agreement. The transaction includes Cheetah's cannabis wholesale business in Illinois and Pennsylvania, with plans for expansion throughout 2025. The purchase price comprises US$1.5 million in common shares issued in three tranches at US$0.012 per share, plus performance-based cash payments until April 2028.
As part of the deal, Cheetah's Co-Founder and CEO Michael Piermont will join iAnthus as Chief Commercial Officer. The acquisition aims to strengthen iAnthus' brand portfolio and market presence, particularly in the premium live resin vape products segment. The companies plan to leverage shared resources and operational efficiencies to pursue national growth opportunities.
iAnthus Capital Holdings (CSE: IAN, OTCQB: ITHUF) has reached a settlement agreement on December 3, 2024, regarding litigation with Ninth Square Capital The settlement resolves consolidated claims filed in August 2019 concerning alleged oppressive conduct related to an arrangement between iAnthus and MPX Bioceutical
Under the settlement terms, iAnthus will issue 5,000,000 common shares to Ninth Square at a deemed price of C$0.01 per share. The company maintains no admission of wrongdoing or liability and continues to contest the allegations. The shares will be issued under Canadian securities laws with no hold period and through U.S. Securities Act exemptions.
iAnthus Capital Holdings reported its Q3 2024 financial results, showing mixed performance. Revenue decreased to $40.3 million, down 6.3% from Q2 2024 and 6.1% year-over-year. Gross profit reached $18.1 million with a margin of 44.9%, showing a quarterly decline but yearly improvement. The company reported a net loss of $11.6 million, wider than Q2's $9.8 million loss. Adjusted EBITDA was $5.3 million, decreasing from $8.9 million in Q2 2024 but improving from $0.8 million in Q3 2023.