iAnthus Capital Holdings Inc (ITHUF)

[Canna_Business]

Ianthus Capital Holdings Inc. (All Information)

Ianthus Capital Holdings Inc: https://www.ianthus.com/

Health For Life - Dispensaries: https://healthforlifedispensaries.com/

Melting Point Extracts - MPX: https://meltingpointextracts.com/

About MPX: https://meltingpointextracts.com/about-mpx/

MPX - Leafly Menu: https://www.leafly.com/brands/mpx-melting-point-extracts

MPX - Products: https://meltingpointextracts.com/products/

MPX - Product Locations: https://meltingpointextracts.com/find-mpx-products/

MPX Cartridges: https://meltingpointextracts.com/products/mpx-cartridges/

MPX Live Rosin: https://meltingpointextracts.com/products/mpx-live-rosin/

MPX Live Resin: https://meltingpointextracts.com/products/mpx-live-resin/

MPX - Instagram: https://www.instagram.com/mpx_us/?hl=en

MPX - Twitter: https://twitter.com/mpx_us?lang=en

Investor Page: https://www.ianthus.com/investors

Financial Reports: https://www.ianthus.com/investors/financial-reports

Board of Directors: https://www.ianthus.com/team/board-of-directors

Press Releases: https://www.ianthus.com/news-events/press-releases

[caryPT]

Recent financing. Increasing revenues. Decreasing operating cost. Increasing profit margins. I added to my position today. Should be good.

[Canna_Business]

https://meltingpointextracts.com/products/mpx-cartridges/

[Canna_Business]

https://meltingpointextracts.com/products/mpx-cured-resin/

[Canna_Business]

https://meltingpointextracts.com/products/mpx-live-resin/

[Canna_Business]

https://meltingpointextracts.com/products/mpx-live-rosin/

[Canna_Business]

https://meltingpointextracts.com/products/

[marathon man]

Hello, this is your captain speaking buckle your seat belts and get ready for takeoff.

[marathon man]

RangerPete....Exactly.

[lazur]

I'll admit it. I didn't expect this company to immediately secure 11m in financing based on their history.

[BiGLamaLue]

High five ,guys
I love this company!

[PsychedelicMonkey]

riiiiight

[brandao]

Those who made 40% in one day and sold im sure are laughing

[RangerPete]

He who laughs last, laughs best.

[brandao]

Stock how’s up 50%.... that post aged well

[lazur]

No.

[RangerPete]

Ithuf owns Grow Healthy in Florida which is the second largest producer and seller of flower Cannabis in the state. GH has 17 dispensaries and produces excellent flower, just no enough of it.

Market value alone for GH would be in the 600-800 million range.

[PsychedelicMonkey]

Have you lost your mind?

[Impacto]

Lol such a moron !!!!

[RangerPete]

You have it backwards.

Smile.

[lazur]

The appeal against ITHUF was rejected. This thing will fall like a 747 without engines upon open.

https://finance.yahoo.com/news/plaza-retail-reit-announces-september-143000445.html

Lesson, always bet on the side of corruption... it wins in the end.

[vinny 2005]

Does anyone know why ITHUF IS halted today?

[Michael TRed]

When im at 100% gain i sell depending on the circumstances. 4 days ago i made the right call. Who is to say i repositioned lower? Ya know theres something called a daytrader... I love the potential of this CO. Hate that there's problems with Beth Stavola. Sheer fact that she can leave, start a new co. And take that license with her is unsettling. Im not worried about my judgement. You can check my posts, im on one

[dannyboy7]

Lol You have no idea what you’re talking about or who you’re talking to. All you guys say the same come on here and run your mouth about the stock going to the moon and then you tell everyone when it goes backwards that you got out. Unless you traded a couple million shares at a clip down at .20 Don’t waste your time talking to me about 20 grand

[JohnCM]

Breaking: Leaked Recorded Conversation Details Downfall of Cannabis Operator iAnthus

January 25, 2021 at 3:41 pm

Breaking News by Alan Brochstein, CFA

This morning, New Cannabis Ventures received anonymously an audio recording of a conversation between former CEO Hadley Ford of iAnthus (CSE: IAN) (OTC: ITHUF) and an investor. We were able to confirm with the investor, who was aware that it had been leaked, that the recording is legitimate, though he claimed to have no involvement in sharing the information and had no intention for it to become public. The conversation, which took place in early October, conveys Ford’s perspective of the events leading to a plan of arrangement that will leave current shareholders with just 2.75% of the company. An appeal of the recapitalization transaction will be heard tomorrow at the Supreme Court of British Columbia.

Ford discussed the history of his relationship with Gotham Green Partners, an investor in the company, dating to 2017, as well as the legal dispute that arose with Oasis Investments II Master Fund Ltd. According to Ford, the company had always had a strong relationship with Gotham, with weekly meetings taking place that usually included Gotham’s Jason Adler. Gotham had first invested in the company in 2018.

Oasis loaned money to iAnthus in 2019. Ford alleged that in June, afterwards, principal Alex Shoghi accused the company of violating debt covenants, something that Ford believes was contrived in order to get better terms, including renegotiating $6 options lower to market prices, which were much lower.

According to Ford, in late 2019, it became clear that Gotham was not going to advance the full remaining $40 million it had committed, but the company was optimistic that it would receive $20 million in January. Ford alleged that Shoghi called in early January, bringing up the covenant issue again, which the company continued to dispute. He claimed that he shared a letter with Jason Adler, who responded, according to Ford, that they weren’t going to “negotiate with terrorists.” Ford claims that Shoghi threatened the company by saying that he would issue a press release that would lead to the stock price declining. He even suggested that Soghi may have been shorting or conspiring with short sellers to push the stock lower. At a certain point, a lower stock price would have effectively prevented further financing by iAnthus, according to Ford.

At this point, Gotham’s tone changed dramatically. The company was racing to complete the Gotham financing, and Gotham, according to Ford, was trying to reduce the pending loan to $15 million. Ford, who perceived that Gotham was having trouble getting the funds, began to look for alternative financing. According to Ford, he wanted to do a sale-leaseback transaction to raise $40 million, an idea initially well received by Adler. Ford purports that Shoghi talked Adler out of it, alleging that they began to conspire to seize control of the company.

Speaking of his communication with Adler on March 24th, Ford said that he was told by him that “We are going to take your company private… We are going to wipe out the public shareholders holders and the junior guys, and then we are going to recharge the management team.”

Indeed, Adler’s plan is playing out, with current equity holders about to have their ownership diluted substantially if the pending recapitalization is finalized. It’s not clear why the Board of Directors, which has seen several members depart, didn’t just file for bankruptcy, especially in light of the recovery for stock prices over the past ten months. iAnthus reported Q3 revenue of $40.6 million, up 82% from a year earlier, with a sharply reduced operating loss. The stock, ahead of the pending recapitalization, trades at a fraction of where it began 2020, while its peers have experienced dramatic gains.

Ford alleged that Canaccord, which was hired by iAnthus to conduct a strategic review, failed to find an alternative buyer, suggesting that a leading MSO was interested in making a bid of $200 million that somehow didn’t get presented to the board. A separate recording suggested that Beth Stavola, formerly a director and the Chief Strategy Officer of iAnthus, was trying to broker that deal.

We have summarized only Ford’s views, but shareholders should be concerned if there was collusion between lenders, as he alleges. Additionally, investors deserve to understand why the Board of Directors hasn’t pursued alternatives that may have put shareholders in a better position.

Get ahead of the crowd by signing up for 420 Investor, the largest & most comprehensive premium subscription service for cannabis traders and investors since 2013.

Breaking News by Alan Brochstein, CFA

[Michael TRed]

Out @0.435 todaloo got my bag. Mad your losing huh? Been there...

[dannyboy7]

So much for 5

[dannyboy7]

Put the pipe down. 5-11 please I will jerk off in the middle of fifth Avenue if it goes there

[Michael TRed]

As you can see, nobody is selling. 50 cent asap. Smart money knows

[Michael TRed]

This is not a sell yall

[Michael TRed]

Analysts have this between $5-11 next year. Jersy legal

[Michael TRed]

Your looking at 50 cent today

[dannyboy7]

Stop

[Michael TRed]

Many bridges from Philadelphia to New Jersey. 1 minute drive. Walt Whitman, Ben Franklin, Commodore Barry Bridge. All bring 10+ million bucks in pot sales starting NOW. #jerseylegal ianthus about to have one hell of a year. Bullish.

[CANNABIS KING]

Hello there $ITHUF Took 150K shares today! ready to 4x my money! $ITHUF back to $3-$6 soon

[Michael TRed]

Whales sniffing around 500k buy

[Michael TRed]

2$ pot stock here. All day
Jersey legal

[Michael TRed]

Just getting started. See ya @.60 soon

[Michael TRed]

Nice close. Big sploosh in the AM get ready

[Michael TRed]

Back to 40 cent soon. Great bargain. Get ready

[shermann7]

I fully Agree - Bought some at open ...

GLTA - Shermann

[Michael TRed]

On the brink of federal legalization with a democrat win. Pretty sure they already won. Jersey already legal regardless. Why is this not @$0.75 cent?? Believe me when i say they will find funding with an operatuon this size possible takeover @50 cent

[LifeCreator]

This is climbing to .55 holding at $1.22 then $3.50 by Jan 15 report.

[BiGLamaLue]

100% positive they have the best product available in Florida currently

[Michael TRed]

Id be mad if i got out also. Potential is massive here long run they own jersey

[Dcharpool]

I wanted to sell half at .56 but it never made it there so I'm still holding all my shares. Average .28.. i think 2.75 is worth over .18

[drew5]

Because its over priced, just a pump and dump. What is 2.75 percent worth

[Boneride]

Pure manipulation today. Nothing has changed for these guys. They’re still broke and buried in lawsuits. Nothing to hold that 50 cent mark. It’s a shame.

[Turtlejones91]

Why is this dropping all of a sudden?

[Michael TRed]

Still cheap.