iAnthus Capital Holdings (IAN) AI Stock Analysis

• Market Cap: $33.73M
• Dividend Yield: N/A
• Average Volume (3M): 185.54K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.04
• Revenue Growth: 6.82%
• EPS Growth: 90.68%
• Country: CA
• Employees: 716
• Sector: Healthcare
• Sector Strength: 54
• Industry: Drug Manufacturers - Specialty & Generic
• EPS (TTM): >-0.01
• Shares Outstanding: 6,745,694,300
• 10 Day Avg. Volume: 268,774
• 30 Day Avg. Volume: 185,539
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 9.53
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 5.09
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

iAnthus Capital Holdings faces significant financial challenges, with persistent net losses and negative equity posing substantial risks. While there is improvement in cash flow, it remains insufficient to cover losses. Technical indicators are neutral, and valuation metrics are unfavorable due to negative earnings. The stock's stability provides some support, but profitability and balance sheet issues are critical concerns.

iAnthus Capital Holdings Business Overview & Revenue Model

Company Description

iAnthus Capital Holdings, Inc. is a multi-state operator in the cannabis industry, primarily focused on the cultivation, processing, and distribution of cannabis products in the United States. The company operates under various brand names and provides a wide range of products, including flowers, edibles, and concentrates, catering to both medical and recreational cannabis markets.

How the Company Makes Money

iAnthus Capital Holdings makes money through the sale of cannabis products across its network of dispensaries and cultivation facilities. The company generates revenue by growing and processing cannabis, which is then sold under its various brands in retail locations. Additionally, iAnthus benefits from wholesale distribution agreements, selling its products to other retailers. Strategic partnerships and acquisitions also play a significant role in expanding its market presence and revenue potential. The company's earnings are influenced by state regulations, consumer demand, and its ability to efficiently manage its supply chain and operational costs.

iAnthus Capital Holdings Financial Statement Overview

Summary

iAnthus Capital Holdings faces significant financial challenges. The income statement shows declining revenue and negative profitability margins. The balance sheet indicates potential insolvency with negative equity. Cash flow statements show some improvement, but overall financial stability is a concern.

Income Statement

The income statement shows declining revenue over recent periods, with a negative trend in profitability. The gross profit margin stands at 40.9% for the TTM, which is decent, but the company is struggling with negative net and EBIT margins at -34.8% and -13.1% respectively in the TTM. Revenue growth is inconsistent, with a slight increase in recent periods but still below historical highs.

Balance Sheet

The balance sheet is concerning with a negative stockholders' equity of -93.6 million in the TTM, indicating potential insolvency issues. The debt-to-equity ratio cannot be calculated due to negative equity. The equity ratio is also negative, reflecting high leverage and financial instability.

Cash Flow

The cash flow statement shows some positive signs with an improvement in operating cash flow to 8.96 million in the TTM. Free cash flow has turned positive in the TTM at 4.77 million, indicating better cash management. However, the company still faces challenges with a low operating cash flow to net income ratio, impacted by large net losses.

Breakdown
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
159.24M	163.21M	203.02M	151.67M	78.38M
	Gross Profit
63.17M	74.43M	111.28M	86.68M	39.87M
	EBIT
-40.71M	-70.22M	-14.11M	-51.65M	-74.50M
	EBITDA
-2.59M	-25.02M	7.96M	-22.50M	-267.16M
	Net Income Common Stockholders
-76.62M	-449.39M	-76.25M	-310.03M	-301.25M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
13.10M	14.34M	13.24M	11.02M	34.82M
	Total Assets
277.41M	303.47M	346.74M	357.97M	604.10M
	Total Debt
201.00M	183.94M	228.54M	206.29M	166.64M
	Net Debt
187.90M	169.60M	215.29M	195.28M	131.82M
	Total Liabilities
339.07M	292.48M	369.14M	307.13M	238.10M
	Stockholders Equity
-61.67M	10.99M	-22.40M	50.84M	366.00M
Cash Flow		Free Cash Flow
-3.06M	-26.55M	-4.25M	-27.33M	-95.33M
	Operating Cash Flow
3.02M	-19.50M	16.15M	-13.07M	-45.85M
	Investing Cash Flow
-3.63M	-4.74M	-21.32M	-11.49M	-53.99M
	Financing Cash Flow
-618.00K	22.06M	10.24M	1.26M	113.98M

iAnthus Capital Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.01
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:IAN, the sentiment is Negative. The current price of 0.01 is above the 20-day moving average (MA) of <0.01, below the 50-day MA of 0.01, and below the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 45.47 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:IAN.

iAnthus Capital Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CRON	72 Outperform	$971.26M	16.98	3.80%	―	38.16%	―
Sector *	52 Neutral	$5.21B	3.55	-41.91%	2.83%	15.12%	0.42%
ACB	50 Neutral	$348.51M	27.31	4.78%	―	16.39%	-98.10%
OGI	49 Neutral	$190.65M	―	-18.27%	―	7.33%	84.41%
WEED	47 Neutral	$320.53M	―	-84.50%	―	-16.27%	―
IAN	45 Neutral	$33.73M	―	61.65%	―	6.82%	90.68%

iAnthus Capital Holdings Corporate Events

iAnthus Capital Holdings Appoints Justin Vu as Permanent CFO

iAnthus Capital Holdings has announced the appointment of Justin Vu as the permanent Chief Financial Officer, effective immediately. Vu, who previously served as Interim CFO, joined iAnthus in 2023 and has been recognized for his execution and operational efficiency. This appointment is expected to support the company’s growth and innovation, strengthening its position in the cannabis industry.