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Ianthus Capital Holdings Inc C.IAN

Alternate Symbol(s):  ITHUF

iAnthus Capital Holdings, Inc. is a vertically integrated, multi-state owner and operator of licensed cannabis cultivation, processing, and dispensary facilities. The Company is also a developer, producer, and distributor of branded cannabis and cannabidiol (CBD) products in the United States. Through its subsidiaries, the Company owns and/or operates 37 dispensaries and eight cultivation and/or processing facilities in seven United States. Its multi-state operations encompass a full range of medical and adult-use cannabis enterprises, including cultivation, processing, product development, wholesale-distribution, and retail. The Company offers various cannabis products, which includes flower and trim, products containing cannabis flower and trim, such as packaged flower and pre-rolls; cannabis infused products, such as topical creams and edibles and products containing cannabis extracts, such as vape cartridges, concentrates, live resins, wax products, oils, and tinctures.


CSE:IAN - Post by User

Post by Masterbuilderon Apr 02, 2019 11:34am
187 Views
Post# 29570121

A wild horse always looks for signs of danger

A wild horse always looks for signs of dangerFirst, I like iAnthus and see them as a good example of Corporate Cannabis. To be clear, my first post here was based on me being long, before the re-financing and acquisitions and revenue reporting. I am not sure what to do next. The cannabis space is getting very crowded and the easy money has been made. With a $1B market cap and an acquisition spree under way, it doesn't look to me like positive earnings per share is coming any time soon, and even then, it will likely be pennies. My concern with this story is uncertaintly over what each US state will do in terms of a more comprehensive cannabis strategy. There is no pricing uniformity state to state and no over-riding federal oversight.  Just look at what nutty Premier Doug Ford did in Ontario... tossed out the early applicants in favor of a lottery. Instead we should have professionals like MedMen who are committed to the industry and creating Apple-like experiences. In Toronto a real estate guy just opened the first Ontario licensed cannabis store called Honey Pot. The black market in Canada is thriving and having a hay day thanks to Trudeau. Pot prices are noticeably different province to province and too high overall. Here's a cool place to see: pricing https://www.priceofweed.com/  Plus, if you have smoked good weed, you know the government stuff is like drinking Ontario boxed wine at Vintages wine prices. I will add one more concern... the technicals and the chart. I do not like the big volume spike at $8.00 and then no follow through. The stock has since fallen back and hit $6.99 today. Not a good sign at all. I see no compelling reason to add any stock here. Be forewarned... if/when the US banking system opens the flood gates to do business with cannabis companies, especially fund raising and public listings, there will be a tidal wave of new entrants and supply. Think about it seriously. The US guys will go nuts to play catchup. So... like a wild horse, my ears are pricked for signs of danger and I will waste no time running for the hills. In the short term, there is good volatility you can trade... but I am not totally convinced sitting long is a good strategy. Any constructive feedback you have is always appreciated.   
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