Alan Brochstein's questions to iANTHUS CAPITAL HOLDINGS (ITHUF) leadership • Q3 2019
Question
Alan Brochstein from New Cannabis Ventures asked for details on the CBD business's size and profitability, the strategic plan for the non-core Colorado asset, the company's willingness to cut capital projects, and the viability of using sale-leasebacks for financing.
Answer
CFO Julius Kalcevich noted the CBD business is not segmented out but is a margin-accretive, CapEx-light operation. CEO Hadley Ford confirmed Colorado's non-core status is under review for 2020 and affirmed their judicious approach to CapEx, prioritizing high-return projects. Ford also stated that all financing options, including sale-leasebacks, are on the table if they enhance shareholder value, and their partner Gotham Green is supportive of such moves.