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Cannabis MSO iAnthus Trims Net Loss In Q1, Reports YoY Increase In Revenue, Gross Profit

By Jelena Martinovic
May 14, 12:44 PM
iAnthus Capital Holdings reported on Tuesday its financial results for the first quarter ended March 31, 2024.Revenue totaled $41.6 million, representing a sequential increase of 1.7% from the prior period and an increase of 13.1% year-over-year.Net loss totaled $14 million, or a net loss of less than $0.01 per share, compared to a net loss of $18.7 million, or a net loss of less than $0.01 per share in the prior quarter, and compared to a net loss of $18.6 million, or a net loss of $0.01 per share, in the prior year's period.

CSE:IAN

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3 minute read

Cocaine, Meth Decriminalization In Maine, NY Weed Market Expands, Cannabis Reg Updates In AR And FL

By Jelena Martinovic
January 17, 10:17 AM
On Friday, a New York regulator green-lighted two more marijuana multistate operators to transition to the recreational market from the medical. Fiorello Pharmaceuticals Inc. - owned by Green Thumb Industries Inc and running dispensaries in Manhattan, Long Beach, Rochester and Half Moon - and Citiva Medical LLC - owned by iAnthus Capital Holdings Inc. and operating medical dispensaries doing business as "Be" in Brooklyn, Wappingers Falls, Staten Island and Ithaca– were approved by the members of New York Cannabis Control Board (CCB) in the anonymous vote. In the meantime, on Jan. 12, Arkansans for Patient Access, a ballot committee, submitted a proposed ballot initiative to Arkansas Attorney General Tim Griffin to amend Amendment 98, the state's medical marijuana amendment. In Maine, a new push seeks to decriminalize the possession of small quantities of illegal drugs and allocate resources towards treating substance use disorder instead of enforcing punitive measures. More Floridians are opting to register as medical marijuana patients, at least according to the 2024 Physician Certification Pattern Review annual report that highlighted figures from fiscal year 2023.

CSE:GTII

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2 minute read

New Cannabis Edibles Brand Hits Shelves In Florida, New Products Available In These Dispensaries

By Jelena Martinovic
October 18, 3:12 PM
iAnthus Capital Holdings, Inc. (CSE: IAN) (OTCPK: ITHUF) is expanding its brand portfolio with the launch of its new cannabis edibles brand, MOODZ. The first MOODZ product will be gummies made utilizing a solventless process in accordance with the company's best-in-class standards for purity and quality.

CSE:IAN