Cannabis group iAnthus defaults on interest payments, delays earnings

[MJBizDaily]

Multistate marijuana operator iAnthus, partially blaming the coronavirus, said it is unable to meet interest obligations totaling $4.4 million on $157.5 million in debt. The New York-based company also delayed announcing its quarterly earnings results. “The decline in the overall public equity cannabis markets, coupled with the extraordinary market conditions that began in Q1 2020 […]

Cannabis group iAnthus defaults on interest payments, delays earnings is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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