iAnthus Capital Holdings, Inc.

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iAnthus Capital Holdings, Inc. - overview

Established

2014

Location

New York, NY, US

Primary Industry

Healthcare

About

iAnthus Capital Holdings, Inc. is a leading operator in the cannabis industry, focusing on the cultivation, processing, and retailing of cannabis products across multiple U. S. states.


The company provides premium cannabis and CBD products for medical and recreational users. iAnthus Capital Holdings, Inc. operates in the cannabis sector, specializing in vertically integrated cannabis operations. The company was founded in 2014 and is headquartered in New York, US.


It has raised a total of USD 50. 00 mn in funding, with the most recent deal being a PIPE round in May 2018 from Gotham Green Partners. The company has executed one deal to date. The current CEO is Derek Ross, and the company has a history of focused growth in the cannabis market.


iAnthus Capital Holdings, Inc. specializes in vertically integrated cannabis operations, focusing on cultivating, processing, and retailing cannabis products across multiple states in the U. S. The company's core product offerings include a diverse range of cannabis strains and CBD products, catering to both medical and recreational users.


iAnthus operates cultivation facilities designed to meet the growing demand for high-quality cannabis, including the largest indoor cultivation facility in Florida, which supports its expansive distribution network. The company aims to address various consumer needs through its products, providing wellness solutions and lifestyle enhancements to end users. iAnthus markets its products in high-demand states such as New York, New Jersey, Massachusetts, Florida, Maryland, Arizona, and Nevada, ensuring that its offerings are accessible to a broad customer base through dispensaries and retail locations. iAnthus Capital Holdings generated revenue of USD 167,567,000 in the most recent year, which is 2024.


The company reported an EBITDA of USD 16,223,000 for the same period. iAnthus generates revenue through its extensive cannabis operations, which encompass direct-to-consumer sales as well as B2B transactions with retailers and wholesalers. The company's revenue model is structured around sales of cannabis products at dispensaries, where consumers purchase a range of offerings, including proprietary strains and CBD lines. iAnthus has established partnerships with over 2,300 retail locations nationwide, facilitating a robust distribution channel for its products.


These transactions are characterized by direct sales to consumers in retail environments, as well as wholesale agreements with other cannabis retailers seeking to stock iAnthus-branded products. The pricing structure is designed to reflect the premium quality of its offerings while remaining competitive within the rapidly growing cannabis market. iAnthus Capital Holdings plans to utilize its recent funding of USD 50 million from the PIPE round in May 2018 to support various initiatives, including the launch of new cannabis products designed to meet evolving consumer preferences. The company targets expansion into additional states where cannabis regulations are becoming more favorable, aiming to establish operations in emerging markets by 2025.


iAnthus is focused on enhancing its product lines and strengthening its distribution network to capture a broader customer base and ensure continued growth.


Current Investors

Gotham Green Partners

Primary Industry

Healthcare

Sub Industries

Alternative Medicine

Website

www.ianthuscapital.com

Company Stage

Mature - Growth Capital

Total Amount Raised

Subscriber access only

iAnthus Capital Holdings, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onAnnouncedCheetah Cannabis-
Add-onCompletedMPX New Jersey, LLC-
PIPECompletediAnthus Capital Holdings, Inc.-

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