iAnthus Capital Holdings, Inc., through its 100% owned subsidiary, iAnthus Capital Management, LLC, delivers a comprehensive solution for financing licensed cannabis cultivators, processors and dispensaries throughout the United States. iAnthus can provide a full range of critical support to its partners, including capital investment and financing facilities, real estate and equipment leasing, intellectual property licensing, and management and professional services, tailored in each case to the applicable state cannabis laws and regulatory system. Founded by entrepreneurs with decades of experience in investment banking, corporate finance, law and healthcare services, iAnthus provides a unique combination of capital and hands-on operating and management expertise. The Company harnesses these skills to support a diversified portfolio of cannabis industry investments for our shareholders.
The size of the United States cannabis market is currently estimated at $50 billion per year. As the shift from the black market to legally regulated markets occurs it has created one of the fastest growing industries in the U.S. Given the growing trend of states moving towards legalization of marijuana and the already proven demand curve for cannabis, iAnthus, with an estimated addressable market in excess of 48 million people, is well positioned to capture this shift from "black" to "white".
1. The Marijuana Business Factbook 2016, Marijuana Business Daily; Economic Factbook, CDC; The Future of Textbooks, Mckinsey & Company
iAnthus is in the process of consolidating a significant footprint of cannabis operations and investments across 6 U.S. states. Our investments within Massachusetts, New York and Florida all exist in markets with large populations, strong growth characteristics and limited licenses.
Each state has its own unique regulatory environment, with its own indications, ingestion methods, and license opportunities, as well as their own unique growth prospects and risks.
By being diversified across multiple states, iAnthus reduce the overall risk that comes with being exposed to just one state, while enhancing their overall exposure to the growth of the U.S. market. This creates a better risk profile. As the cannabis industry moves towards national legalization, the large regional and national footprint will provide iAnthus with a significant advantage for branding, cost sharing, and other operational efficiencies.
iAnthus prides itself on being a first mover within the cannabis space, having achieved several significant “firsts” within the industry. The company is the first to build a multi-state operation in the U.S., a feat that we feel will be difficult for competitors to replicate as the market matures.
While most Canadian publicly traded cannabis stocks fought over Canada’s population of 36 million people, iAnthus became the first company to give Canadian investors access to the significantly larger U.S. cannabis market. Later, following the publication of updated guidelines from the Canadian Securities Administrators (“CSA”), iAnthus became the first company to have a short form prospectus approved by the CSA.
iAnthus proven leadership team provides the company with a significant long-term advantage its over competition, with the ability to manage top-flight operations across multiple states. Expertise ranges from Hadley Ford’s building out of $100 million cancer centers in four states, Randy Maslow leading a nationwide footprint for XO Communications, or Carlos Perea bringing clean water to 500+ communities, iAnthus management has a history of innovation and operational excellence across multiple industries. The team brings that same approach to the cannabis industry.
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Nicole Marchand Investor Relations
Computershare Investor Services Inc.