Wednesday, October 8, 2025

Latest

iAnthus Capital Holdings Generates US$19.2 Million in Second Quarter Revenues

iAnthus Capital Holdings (CSE: IAN) filed its second quarter 2019 financials late this evening, posting revenues of US$19.20 million for the three months ended June 30, 2019, a 99.58% increase over the previous quarter. Gross profit came in at $9.19 million for the quarter before unrealized changes in the fair value of biological assets.

iAnthus Capital Holdings, Inc. (CNW Group/iAnthus Capital Holdings, Inc.)

Expenses meanwhile increased 52.15% over the previous quarter, coming in at $35.24 million. Share based compensation consisted of the largest portion of expenses at $9.58 million, followed by salaries and employee benefits at $8.10 million. Overall, iAnthus posted a net loss of $9.29 million for the quarter, or ($0.06) per share.

Net cash used in operating activities nearly tripled from the previous quarter to that of $27.73 million, resulting in operational cash burn of $4.62 million on a monthly basis over the current fiscal year. The firms cash position fell from $42.33 million to that of $30.51 over the three month period.

While current assets decreased slightly from $84.65 million to $78.79 million, total assets increased $810.99 million, with the company reallocating some of its $555.43 million in goodwill to that of intangible assets to bring goodwill down to $440.69 million. The adjustment appears to be related to a reevaluation of the MPX transaction. Legacy MPX assets have accounted for $17.62 million in revenues on a year to date basis, out of a total $28.82 million in revenue generated by iAnthus Capital Holdings.

iAnthus however made notable improvements in its current and long term liabilities. Accounts payable fell to $16.04 million over the quarter, a $4.41 million improvement. Current long term debt also fell considerably, from $37.79 million to that of $10.84 million. Collectively, total liabilities fell $46.22 million over the quarter, settling at $188.45 million.

iAnthus Capital Holdings is currently trading at $3.38 per share as of todays close.


Information for this briefing was found via Sedar and iAnthus Capital Holdings. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

iAnthus Reports Q1 2020 Revenues of $30.4 Million, Loss of $237.3 Million

Unbelievably, iAnthus Capital Holdings (CSE: IAN) filed their first quarter 2020 financial results this morning,...

Friday, August 14, 2020, 08:34:52 AM

A Hard Look at iAnthus’ Investor Relations Disaster

Last week, investors of the cannabis sector were privy to a prime example of why...

Monday, June 17, 2019, 07:00:44 AM

iMproper cApitalization: An Illustrated Look at iAnthus Capital

We’d like to start this look at iAnthus Capital Holdings (CSE: IAN) with a moment...

Tuesday, April 7, 2020, 09:41:03 AM

iAnthus iLlustrated: A Graphic Look At GrowHealthy Operations In The Sunshine State

This author was not surprised by the asset write down included in the treatment of...

Wednesday, April 29, 2020, 12:00:00 PM

iAnthus Capital Defaults On Debt, Investigates Claims Against CEO

iAnthus Capital Holdings (CSE: IAN) has defaulted on its debt load. The company announced this...

Monday, April 6, 2020, 08:46:18 AM