iAnthus Announces Opening of Added Florida Dispensaries – New Cannabis Ventures

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GrowHealthy enters Lakeland and Gainesville markets

NEW YORK and TORONTO, Aug. 23, 2019 /PRNewswire/ – iAnthus Capital Holdings, Inc. (“iAnthus” or the “Company”) (CSE: IAN,OTCQX: ITHUF), which owns, operates, and partners with most effective-in-class regulated cannabis operations across the United States, is pleased to announce it has received approval from the Florida Workplace of Health-related Marijuana Use (“OMMU”) to open dispensaries in Lakeland and Gainesville, Florida, as properly as the previously announced dispensary in North Miami.  This will bring the Company’s total quantity of dispensaries in the state to eight.

We’re excited by the progress the company is generating in Florida. We received OMMU approval and opened our flagship Miami store yesterday and anticipate the Lakeland and Gainesville places to open subsequent week. We will continue our retail expansion in this robust and increasing market place by way of early 2020.

Hadley Ford, Chief Executive Officer of iAnthus

We appear forward to serving healthcare marijuana individuals in these Florida communities with higher-excellent, trusted and reliable goods and solutions.

Positioned at 3004 US Highway 98 North, Lakeland, FL, 33805, GrowHealthy Lakeland will serve the metro location population of additional than 660,000. GrowHealthy Gainesville will serve Alachua County with a population of about 270,000. It is positioned at 4880 Newberry Road, Gainesville, FL, 32607. Grand Opening celebrations for these places and Miamiare planned for Aug. 30 by way of Sept. 1. Facts will be posted at www.growhealthy.com.

Florida is amongst the quickest increasing healthcare marijuana markets in the United States and continues to develop robustly. According to the August 16, 2019 weekly update from the OMMU, Florida now has more than 255,000 certified individuals, up 122% year-more than-year. The existing patient base represents 1.two% of the Florida population.

According to the OMMU information, GrowHealthy ranks quantity 3 in terms of THC milligrams sold per dispensary of the 22 licensed operators. Given that the OMMU initiated the publication of sales volume information as of May 10, 2019, GrowHealthy has grown its weekly THC milligrams sales volume by 97% and enhanced its market place share to about three.five% (which includes flower).

About iAnthus

iAnthus owns and operates most effective-in-class licensed cannabis cultivation, processing and dispensary facilities throughout the United States, supplying investors diversified exposure to the U.S. regulated cannabis market. Founded by entrepreneurs with decades of encounter in operations, investment banking, corporate finance, law and wellness care solutions, iAnthus gives a exceptional mixture of capital and hands-on operating and management knowledge. iAnthus at present has operations in 11 states, which includes 24 dispensaries (FL-six, AZ-four, MD-three, MA-1, NY-two, CO-1, VT-1, and NM-six exactly where iAnthus has minority ownership). For additional details, visit www.iAnthus.com.

Original press release

Published by NCV Newswire

NCV Newswire
The NCV Newswire by New Cannabis Ventures aims to curate higher excellent content material and details about major cannabis providers to assist our readers filter out the noise and to keep on leading of the most significant cannabis company news. The NCV Newswire is hand-curated by an editor and not automated in anyway. Have a confidential news tip? Get in touch.

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