iAnthus Capital Holdings, Inc. (CSE:IAN) (OTCQX:ITHUF) posted its second-quarter results yesterday, with iAnthus stock dropping 3.5%.
iAnthus, which owns and operates licensed cannabis cultivation, processing, and dispensary facilities throughout the US, posted revenue of $19.2 million USD for the three months ended June 30. This is an increase of 99.58% from the same period last year; however, expenses also increased by 52.15% from Q2 last year to $35.25 million USD. Overall, the company posted a net loss of $9.29 million for the quarter, which has sent iAnthus stock down over 3.5% during Tuesday trading.
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