iAnthus is definitely worth spending some of your DD time on if you wanted to diversify into other US operators in other states besides Origin House in California.
I didn't like iAnthus at first because their market cap-to-revenue ratio was way the hell up there compared to other American pot companies. But their proposed merger with MPX changed all that. We just so happened to be in MPX when the news about the merger first came out and benefited from a nice pop in its stock price. Sold it off the next day for a nice gain but after looking into the merger more we got back in...until Dad freaked out last week and dumped everything in a moment of disgust at how the pot stocks and broader markets were acting. He regrets that move now and I may get him back in at some point.
If you do decide to go long on iAnthus you might wanna buy MPX instead and essentially get iAnthus at a discount. MPX shareholders will get 0.1673 shares of iAnthus for every share of MPX they own assuming the deal gets approved by shareholders in January. That means you will get a roughly 10% discount on iAnthus...that amount varies day to day depending on the share price of each company. You can read all about the 2 companies and the merger here...
MPX has got to be one of the most under-the-radar pot companies around. They have a small footprint but are doing quite well out here in Arizona as far as sales are concerned. Check out their revenue compared to other MJ companies...
Pretty impressive, no? Hadley Ford is one sharp CEO who is well-connected in the financial world. When the merger is done and iAnthus completes their expansion plans they will have dispensaries/stores in quite a few states...
Also you will get 0.1 shares of MPX International for every 1 share of MPX you own, which will be a spinoff of the MPX merger. It probably won't be worth much at first but the current CEO of MPX will head up this new company. Scotty Boyes is a low-key but competent manager so he might be able to build this new company up into something worthwhile.
James West of The Midas Letter has done several interviews of both Hadley & Scotty so if you're still interested after your initial DD you should definitely check those out and watch them. I always like to see how a CEO handles himself before I give him a few bucks.
If forced to choose between Origin House or MPX/iAnthus I would almost certainly go with Lustig but if you want to diversify a little the latter is definitely worth a look, IMO.
BTW, we're back into Origin House as of yesterday. Turned out we paid 1 or 2 cents less per share than when Pop dumped them early last week without me knowing he was gonna do that. Not exactly my idea of an ideal swing trade!
We unfortunately lost a decent chunk of change on MPX when he sold it off, however. I really gotta break him of that buy high-sell low habit of his.
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