iAnthus receives Florida approval to sell smokable cannabis flower to patients
iAnthus Capital Holdings Inc (CSE:IAN) (OTCMKTS:ITHUF) said it has received approval from the Florida Department of Health to sell smokable cannabis flower to patients.
The company said Monday the source of the flower will be its 240,000-square-foot cultivation facility in Lake Wales, Florida.
READ: iAnthus Capital launches second New York cannabis dispensary
Based in New York, iAnthus said it serves Florida’s 246,000 registered patients through delivery and three open dispensaries in West Palm Beach, Brandon and Lake Worth. It plans to open 17 additional locations in the state in 2019.
Shares of the company traded at C$7.71 in Monday’s Canadian trading and was down US$0.07 to US$5.73 in Monday’s after-hours OTC Markets trading.
The company owns and operates licensed cannabis cultivation, processing and dispensary facilities throughout the US. Last month, iAnthus announced opening its second New York cannabis dispensary in the Dutchess County town of Wappingers Falls.
iAnthus plans to release its fourth-quarter and 2018 results on April 1 after the close of trading
Contact Dennis Fitzgerald at [email protected]
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/217240/ianthus-receives-florida-approval-to-sell-smokable-cannabis-flower-to-patients-217240.html
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