Yet another case study for why I advise against investing in most cannabis PubCos.
Yet another case study for why I advise against investing in most cannabis PubCos. Let's take a walk down the memory lane of press releases:
8/31/16 - #Cannabis cultivation backer iAnthus completes reverse merger
12/5/16 - iAnthus Closes Its First Cannabis-Related Asset Acquisition in Colorado
11/28/17 - iAnthus Capital Updates Cannabis Operations Across 6 States
3/8/18 - iAnthus Capital: A Burgeoning Empire on the US East Coast
5/14/18 - Gotham Green Partners Invests US$50 Million in iAnthus to Accelerate Growth Initiatives
10/19/18 - Cannabis group iAnthus unveils $835m takeover of MPX Bioceutical
10/24/18 - iAnthus Became A Top U.S. Cannabis Play After MPX Deal
11/28/18 - The iAnthus Q3 financial results point to a bright future for the company.
1/22/19 - Analyst Predicts 'Buckle Your Seatbelt' Revenue Growth for iAnthus
7/21/19 - iAnthus Capital: Trades At 11x Sales And May Get Even Better Soon
8/16/19 - iAnthus Stock: Why This Is a One-Time Opportunity for Massive Gains
8/23/19 - Here’s Why iAnthus Capital Holdings Can Afford Some Debt
4/6/20 - iAnthus (IAN.C) defaults on debenture payments – but is that a weakness or a tactic?
6/23/20 - Marijuana firm iAnthus receives demand for debt repayment
....Aaaand its gone. "Shareholders to be effectively wiped out."
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