Shaan Mir's questions to iANTHUS CAPITAL HOLDINGS (ITHUF) leadership • Q1 2019
Question
Shaan Mir from Canaccord Genuity asked for clarity on modeling the $8.5 million April pro forma revenue, the expected timing and contribution from adult-use sales in Massachusetts in 2019, and the inflection point for the accelerated pace of dispensary openings.
Answer
CFO Julius Kalcevich confirmed that May's performance continued to be strong after a busy April and that the dispensary opening inflection point would be in the second half of the year, driven by Florida. CEO Hadley Ford added that Massachusetts will be a robust market, and the company is prepared with strong wholesale penetration and well-positioned retail locations ready for recreational conversion.