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Q: How does a company that is $1.3B in debt just hand over $5mil (~200MM shares) in stock to a CEO that hasn’t even been there for 1Q?
A: give the CFO some more shares as well to sign off on it.
HHS sends recommendation to DEA on rescheduling marijuana
https://thehill.com/policy/healthcare/4179304-hhs-sends-recommendation-to-dea-on-rescheduling-marijuana/
So why would they try to buy everyone out??? What's the play here?
"Indoor" and CEA non-cannabis doing just about as poorly as cannabis.
Looks fishy. No answers to emails and the phone line is dead. I also emailed Gotham Green Partners, which indicates on its website that it is an investor in ITHUF.
Has anyone been able to ocntact any employee, current or past? This company used to exist.
Corporate raiding by Gotham Green installing sleazy, incompetent bad actors to drive share price down and devalue shares to buy out everyone at a discount.
Yikes! What's up with the share structure??? 6 billion shares wtf?!?! This thing is a paper mill lol.
The float listed on OTC site is three years old?, any idea what the current float?? O/S was updated last month to 171M?.. which is not bad considering so much restructuring drama and issuing shares to those holders?
Share Structure
Market Cap Market Cap
38,121,439
10/27/2021
Authorized Shares
Unlimited
09/30/2021
Outstanding Shares
171,718,192
09/30/2021
Restricted
Not Available
Unrestricted
Not Available
Held at DTC
8,148,282
09/30/2021
Float
143,931,619
08/14/2019
iAnthus to consider appeal after Ontario Court ruling https://seekingalpha.com/news/3752566-ianthus-to-consider-appeal-after-ontario-court-ruling?source=copyToPasteboard
I'm out at .90. Let's see.
Grow Healthy in Florida is worth at least $600-750mil. It’s a raid. At .55 I’m out
I agree. Something is cooking here. This was a $2 stock couple years back. Management screwed it up. Still a very good company.
Not now. Big volume buying up 18% after yesterday.
This is a company in play.
SNDL or one of the Canadian LP listed in Nasdaq might go for similar deal as TLRY
Big rally today with huge buying.
Any idea who, or what?
Sndl csn buy stske in ianthus
Any hopes we get someone to buy our debt like medman here and invest some capital to continue growth?
Liberty’s cultivation capability sucked. They even lost a whole crop to mold last year. Their dispensaries looked and feel cheap. I was stunned they got that much.
GH is an entirely different animal. As far as I can concern, their flower is very good and a strong competitor to Trulieve. Their stores are great, and the prices excellent.
I use both Tru and GH and have no complaints on either.
Well I wouldn’t say 400 million above Pete. Remember liberty had other states as well and sold less than 350 million roughly more store counts at the time.
The problem with all this is they own Grow Healthy in Florida, which all but itself is worth at least $450-million, and at auction could go as high as $600-million.
It’s like watching a slow motion train wreck.
I believe it clearly states they will issue 6 billion shares and yes a reverse split will be used once approved. That many shares flooding in we can easily touch .0001. Usually where the billion share count companies are at. Reverse split into dollar land and pay off some debt with shares once again. Rinse and repeat. Y’all ever see trtc? I believe we have something similar here at a broader level.
Could be as many as 300- million shares, or more. My bet is they do a reverse stock split shortly afterwards, just like High Tide
What a relief.....this felt like an empty room......
That would suck.....I've already lost a lot on ITHUF....I've been hoping for a buyout and to be able to recover some of my $$ but if that much dilution is coming....YIKES. Might as well get out now.
Sounded good, I did read where they will issue 6 billion shares once they get approval for the recap to the lenders. That 97.5% leaving us with 2.5%. Unreal to add that many shares what do they think? Bring this down to .0001 than reverse split it?
Link to ITHUF earnings report, sounded good (for them).
https://seekingalpha.com/news/3697553-ianthus-capital-reports-q1-results?mail_subject=breaking-ithuf-earnings&utm_campaign=rta-stock-news&utm_content=link-3&utm_medium=email&utm_source=seeking_alpha
With all the retail operations and licenses ITHUF has in various states including NY, I can't imagine that you aren't correct. I'm surprised it hasn't happened before now.
ITHUF owns Grow Healthy in Florida. My bet now is they are an acquisition target.
The next 90 days.
It's time for the Big Short (squeeze). 60% of shares were shorted Yesterday.
NJ legalized recreational pot last week.
ITHUF revenues rising exponentially.
facilities and assets, top shelf.
https://khn.org/morning-breakout/new-jersey-legalizes-recreational-marijuana/
$IANTHUS kings of jersey. Its real. Its here.
As I stated before Grow Healthy in Florida is a gem. Everything else is leveraged to the hilt. And management sucks.
I’m ahead of the game, and it’s like being at the circus watching the high wire act. Will they all make it.
That’s the bet.
I've done my homework.
I was curious about that comment because part of it sounded like you were in complete doubt.
Nope. Do your homework. It’s all out there.
Are you being facetious?
Interesting financial reports. Double dealing, massive dilution, legal expenses that would make IBM blush, no foreseeable positive cash flow. And their Florida operations are the only asset with any damn real value.
What’s not to like.
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