Jason Zandberg's questions to iANTHUS CAPITAL HOLDINGS (ITHUF) leadership • Q2 2019
Question
Jason Zandberg from PI Financial Corp. asked for an outlook on capital expenditures for the second half of 2019 and early 2020, following the nearly $25 million spent in the second quarter.
Answer
CFO Julius Kalcevich projected CapEx to be in the range of $15 million to $20 million per quarter for the next couple of quarters. He noted that spending would continue for dispensary and cultivation buildouts, particularly in Florida. He clarified that more detailed guidance, especially for major projects in New York and New Jersey, would be provided once there is more clarity on state-level regulatory programs.