Cannabis dispensary operator iAnthus Capital Holdings Inc. (OTC: ITHUF) is down in the market today, but analysts are predicting a huge upside for bargain investors. iAnthus is a vertically integrated company, and its diversification will appeal to investors who want more security in their cannabis picks. One key area of business is centered on the financing of cannabis cultivators and dispensaries. iAnthus also licenses retail operators, with a current portfolio of 27 dispensaries in the United States.
iAnthus has established a strong presence in Nevada and Florida, both of which should see legal cannabis markets valued at over $1 billion by 2024. The company will be able to capitalize on growing demand throughout the United States. The total addressable market is expected to be worth $30.03 billion by 2024, compared to $9.84 billion today.
iAnthus is a solid revenue performer. In the 2018 fiscal year, revenue increased 41.46% to hit $3.41 million. While the company is not yet profitable, losses can be pinned to long term investment and expansion rather than any fiscal mismanagement.
Trading at $1.25 today, the average target price of $6.58 represents a huge upside for investors. This is a bargain cannabis stock that should not be overlooked in October.
- 1 Year Price Growth: -78.25%
- YTD Price Growth: -69.22%
- 3 Month Price Growth: -55.31%
All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.