Andrew Kessner's questions to iANTHUS CAPITAL HOLDINGS (ITHUF) leadership • Q1 2019
Question
Andrew Kessner of William O'Neil & Co. followed up on Florida, asking about the current sales mix of flower versus other products. He also inquired about the company's outlook for New York, specifically whether they see a medical market expansion or full adult-use as more likely in the near term.
Answer
CEO Hadley Ford stated that flower sales in Florida were a little over 50% in May but cautioned that supply would be limited over the summer due to infrastructure upgrades. Regarding New York, he explained that while adult-use is possible, the political situation is complex, and the company believes any expansion that allows for broader retail distribution ultimately plays into their brand-focused strategy.