The Growth Trend Prevails For iAnthus Capital Holdings Inc (OTCMKTS:ITHUF)

iAnthis Capital Holdings Inc (OTCMKTS:ITHUF) has over the last three months enjoyed a significant bull run. This comes after months of share price stagnation followed quickly by a bear run from July till November. Their share price fell from $2.5 in July to below $1.5 in November but has quickly bounced back and beaten the odds to close at a price of $4.12 on Friday.This isn’t the only new thing affecting their share price.The company also saw the number of shares traded rise from a dismal number which was there before November to the near 1 million shares traded periodically at present. Currently, their traded volumes stand at about 500,000 shares.This information is graphically annotated below: ITHUF Daily ChartWith such a price spike – an over 175% price surge – we took an interest in the on-goings at iAnthus Capital and decided to take a closer look at their value proposition. The following is a report from the same.History of ITHUFiAnthus Capital Holdings, Inc was founded back on November 15, 2013, and is headquartered in British Columbia, Canada. They, however, obtained their current name courtesy of their acquisition of a private equity firm – iAnthus Capital Management, LLC – through a reverse takeover.The company was founded by entrepreneurs whose experience in the fields of corporate finance, law, healthcare and investment banking led them to the flourishing cannabis sector. With such expertise atop their strategic vision and operations, the company’s investments have been growing over time and so has their market share, ensuring that their goal of increased shareholder value is met.Currently, the company is working at providing availability to the best in the cannabis sector: cultivators, processors, and dispensaries within the United States.Recent DevelopmentsIn our last review of ITHUF – which can be accessed here – we alluded to the fact that the company’s bull run was near its end and that they were due for a comeback as a result of the numerous foreseen catalysts.We were right.The month of January has seen the company flourish both in its operations and share price. They began the month with news that one of its affiliates, Mayflower Medicinals, Inc had received a final go-ahead to begin the cultivation and production of cannabis in the Holliston facility in Massachusetts. This was after the acquisition of the final certificate of registration as well as the certificate of occupancy on 28^th December 2017.The facility which occupies over 36,000 square-feet and has been fitted with state-of-the-art equipment will see the company harness the efficiencies derived from the advanced technology to further boost their output and thus sales to the market. The expected output currently stands at 500 pounds per month – of dried cannabis – a figure which has led management to begin negotiating for the wholesale purchase of cannabis from in-state cultivators.Massachusetts is currently a cannabis adopter after their vote to legalize adult use of marijuana back in November 2016.Expansion and/through AcquisitionsThe above announcement was followed closely by the news that the company had acquired 80% of Pilgrim Rock Management, LLC.The company was acquired in a bid for them to provide among other services real estate and equipment leasing, intellectual property as well as other professional services. The deal was reached on 1^st January 2018 would see a share exchange with ITHUF obtaining the shares of Pilgrim which were currently valued at $4.The company also announced that the on-going construction of its first retail dispensary which is to be situated in Boston’s Allston-Brighton neighborhood was near completion and would be due to open in the second quarter of 2018, 2Q2018. This is to be followed by the construction of a second and third dispensary soon after this completion with the search for a license for the construction of the second clinic already underway.All the above developments have gone a long way in showing how focused ITHUF is at ensuring they are the dominants within the cannabis space. This, however, has not been all.On January 17, the company announced the acquisition of GrowHealthy Holdings, LLC. The acquisition which will see them hold substantially all the assets of GrowHealthy Holdings, LLC was encompassed in the $48 million transaction – $17.5 million in cash and $30.5 million in the share to share exchange.The company currently boasts a 200,000 square-foot facility in Lake Wales and an opportunity to open 25 additional dispensaries in Florida. All the above will be a great asset to the cannabis producer going forward.FinancialsThe company’s revenue position has been on the rise over the recent past with their revenues standing at $45,652 in the third quarter of 2017 up from $34,337, a 33% rise.Despite this hike, they continued to make losses with their most recent loss position being $2.2 million. This, however, was a reduction compared to the $2.5 million made in the second quarter. Finally, their working capital position stands at $10 million.From the onset, therefore, the management at ITHUF are working tirelessly to ensure that they turn a profit as well as grow. As such, we remain optimistic of a continued rise in their share price going forward.ConclusionITHUF is growing at a tremendous rate. With their current operations in mind, it is safe to say that this trend will continue to prevail and the company will soon be at the top.We will be updating our subscribers as soon as we know more. For the latest updates on ITHUF, sign up below!Disclosure: We have no position in ITHUF and have not been compensated for this article.