The Company's Financial Statements for the third quarter ended
Third Quarter 2020 Financial Updates
Revenue of
Gross margin for the quarter was 62.9%, up from 54.8% in the prior quarter
Net loss of
Due to liquidity constraints experienced by the Company, the Company did not make applicable interest payments due on its 13% senior secured convertible debentures ('Secured Notes') and its 8% convertible unsecured debentures ('Unsecured Debentures') due on
About iAnthus
iAnthus owns and operates licensed cannabis cultivation, processing and dispensary facilities throughout
Forward Looking Statements
Statements in this news release that are forward-looking statements are subject to various risks and uncertainties, including concerning COVID-19 and the specific factors disclosed here and elsewhere in iAnthus' periodic filings with Canadian securities regulators. When used in this news release, words such as 'will, could, plan, estimate, expect, intend, may, potential, believe, should, our vision' and similar expressions, are forward-looking statements. Forward-looking statements may include, without limitation, statements relating to the Company's financial performance, business development and results of operations and the timing and outcome of closing of the Recapitalization Transaction. Readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this release. iAnthus disclaims any intention or obligation to update or revise such information, except as required by applicable law, and iAnthus does not assume any liability for disclosure relating to any other company mentioned herein.
Contact:
Tel: 1-646-518-9411
(C) 2020 Electronic News Publishing, source