Shares in iAnthus fell 62% after the “deeply unprofitable” MSO defaulted on its debt.
Seeking Alpha

  • At Seeking Alpha analyst Jon Cooper says the company will likely need to renegotiate with its creditors, a process complicated by iAnthus currently suing one of its creditors.
  • MJ Biz wrote up the suit against Texas-based Oasis Investments.
  • iAnthus stock is currently trading around $.19 per share
  • iAnthus’ main dispensary brand is Be. It recently became the first dispensary to open in New York City’s Staten Island. 
  • The company also announced it is investigating potential conflicts of interest regarding CEO Hadley Ford. 
  • Equity Guru suggests the default could be a “tactic.”
  • WeedWeek interviewed iAnthus CEO Hadley Ford a few months ago.
  • The company’s largest creditor is Gotham Green Partners which has close ties to Canadian producer Cronos Group and has renegotiated MedMen‘s debt several times.
  • Do you have additional information? Email me at Sources will be protected.

At New Cannabis Ventures, Alan Brochstein looks at what the pandemic means for pot stocks.

Grizzle sees a potential bull market in “booze, smokes and pot.”

Quick Hit

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