iAnthus Capital Holdings Inc (CNSX:IAN) (OTCMKTS:ITUHF) CEO Hadley Ford talks about the change in cannabis strategy for the company moving away from royalty only, to a full service, vertically integrated enterprise. They are now a licensed producer with operations in multiple states, so of them with very little competition. Boston for example will have only 3 dispensaries (one by iAnthus) in a city of more than 700,000 people.
James West: Hadley, thanks for joining me today.
Hadley Ford: Oh, my pleasure.
James West: Hadley, iAnthus, when we last spoke, was focused on investing as a royalty company in primarily US marijuana operations. Is that still the case?
Hadley Ford: No, we changed the model about a year ago. We found out very early on that the investment community was much more interested in having access to real operations in the United States, so we’re now an owner-operator. We own 100 percent of every market we go into, so we’ve got 100 percent ownership in Vermont, Massachusetts, New York, Florida…we have an addressable market of about 48 million