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Why iAnthus Capital Holdings Inc (OTCMKTS:ITHUF) Deserves to be on the Radar

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As the cannabis space pulls back in recent days, interested investors will be hunting trading opportunities, and iAnthus Capital Holdings Inc (OTCMKTS:ITHUF) may be an interesting option for the radar. Key support is currently sitting just above the $5/share level where the stock has price support shelf factors in place in confluence with both the 50-day and 200-day moving averages. To add further flesh on the bone, the company just announced that it has opened its second New York dispensary, located in the Dutchess County town of Wappingers Falls.

According to the release, “the dispensary will operate as “Citiva Hudson Valley” under iAnthus’ “Citiva” New York dispensary brand. The 2,600 sq. ft. dispensary is located at 1147 Route 9 in Wappingers Falls, a short drive from Beacon Train Station on the Metro-North Railroad, Marist College, Vassar College, and a collection of New York historical sites. The retail location initially will offer more than 30 locally-sourced, lab-tested products, including vape cartridges, tinctures, capsules, and powders, dispensed by highly-knowledgeable patient care representatives.”

iAnthus Capital Holdings Inc (OTCMKTS:ITHUF), through its wholly-owned subsidiary iAnthus Capital Management, LLC, provides investors diversified exposure to “best-in-class” licensed cannabis cultivators, processors, and dispensaries throughout the United States. iAnthus currently owns, operates or has partnered with marijuana license holders in Massachusetts, Vermont, Colorado and New Mexico.

As reported, “founded by entrepreneurs with decades of experience in investment banking, corporate finance, law and healthcare services,” iAnthus provides a “unique combination” of capital and hands-on operating and management expertise. The Company leverages these skills to support “a diversified portfolio of cannabis industry investments for our shareholders.”

Moreover, iAnthus Capital Holdings, Inc. engages in the delivery of solutions for financing, developing, and managing state-licensed cannabis cultivators and dispensaries in the United States. The company is headquartered in New York, New York.

According to company materials, “iAnthus Capital Holdings, Inc. owns and operates best-in-class licensed cannabis cultivation, processing and dispensary facilities throughout the United States, providing investors diversified exposure to the U.S. regulated cannabis industry. Founded by entrepreneurs with decades of experience in operations, investment banking, corporate finance, law and healthcare services, iAnthus provides a unique combination of capital and hands-on operating and management expertise. The Company harnesses these skills to support operations across five states.”

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As noted above, ITHUF just announced that it has opened its second New York dispensary, located in the Dutchess County town of Wappingers Falls.

We’ve witnessed 6% added to share values of the name over the past month of action. In addition, the stock has seen a growing influx of trading interest, with the stock’s recent average trading volume running 46% beyond its prior sustained average level.

“The opening of our Citiva Hudson Valley dispensary is a major milestone for iAnthus, as it marks the 20th dispensary opened by the Company,” said Hadley Ford, CEO of iAnthus. “2019 will be full of catalysts and exciting developments for Citiva, including the much-anticipated completion of our cultivation facility in Warwick, New York, and the opening of dispensaries in Staten Island and Chemung County.”

Currently trading at a market capitalization of $812.13M, ITHUF has a significant war chest ($15.6M) of cash on the books, which is balanced by virtually no total current liabilities. ITHUF is pulling in trailing 12-month revenues of $3.1M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 56.1%. You can bet we will update this one again as new information comes into view. Sign-up for continuing coverage on shares of $ITHUF stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $ITHUF, either long or short, and we have not been compensated for this article.

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