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An announcement from iAnthus Capital Holdings ( (TSE:IAN) ) is now available.
On February 7, 2025, iAnthus Capital Holdings announced a significant transaction involving the sale of several Arizona-based cannabis assets to Sonoran Roots for approximately $36.5 million. This strategic move is intended to streamline iAnthus’ operations, bolster its financial standing, and concentrate resources on key growth markets like Florida, Maryland, and New Jersey. This sale reflects iAnthus’ strategic focus on high-growth markets while maintaining a presence in Arizona through a remaining dispensary.
More about iAnthus Capital Holdings
iAnthus Capital Holdings, Inc. operates and partners with regulated cannabis businesses across the U.S., owning licensed cannabis cultivation, processing, and dispensary facilities.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $46.7M
Find detailed analytics on IAN stock on TipRanks’ Stock Analysis page.