Ianthus Capital Holdings, Inc
iAnthus Capital Holdings, Inc. MANAGEMENT’S DISCUSSION AND ANALYSIS For the Three Months Ended March 31, 2019 and 2018 Management’s Discussion and Analysis For the three months ended March 31, 2019 and 2018 (In thousands of U.S. Dollars, unless stated otherwise) Company Overview iAnthus Capital Holdings, Inc. (the “Company”, or “ICH”, or “iAnthus”) is one of the largest Multi-State Operators (MSOs) in the United States, providing investors with diversified exposure to the regulated cannabis industry. We develop, own and operate, what we believe to be, the best-in-class licensed cannabis cultivation, processing and dispensary facilities and we offer our innovative branded cannabis products in the United States. Through our subsidiaries, we currently own and/or operate 21 dispensaries and 13 cultivation/processing facilities throughout the eastern and western regions of the United States and distribute our cannabis products to over 100 dispensaries. Under our existing licenses, interests and contractual arrangements, we have the capacity to own and/or operate up to 68 dispensaries and up to 15 cultivation/processing facilities, and manufacture and distribute our cannabis products in 11 states with an aggregate population of approximately 121 million. Our multi-state operations encompass the full spectrum of medical and adult-use cannabis enterprises, including cultivation, processing, product development, wholesale-distribution and retail. Our cannabis products include flower and trim, products containing cannabis flower and trim (such as pre-rolls), cannabis infused products, and products containing cannabis extracts (such as vape cartridges, concentrates, wax products, oils, tinctures, topical creams and edibles). We are an innovative leader in the burgeoning regulated cannabis industry in the United States and we are committed to creating a distinctive customer retail experience at our branded stores nationally and a portfolio of branded cannabis products recognized both in the United States and around the world.
[Show full text]