iAnthusWhen we last looked at iAnthus Capital Holdings Inc. (OTC: ITHUF) in December, there were signs of confidence in the market. The stock has now grown from $1.18 near the end of last year to $1.385 before today’s session. For a bargain level stock, that growth is significant.

iAnthus is a major cannabis retailer and financing company. It has a network of 30 dispensaries in the United States. Florida is a key market for the company’s medical cannabis products, with 12 dispensaries in the state. This year, the company received approval for adult-use sales in Massachusetts, which will allow it to expand its dispensary portfolio and grow sales at the top line.

In its most recent fiscal quarter, the company reported revenue of $22.9 million. This is significant when considering that the company made just $3.21 million in the entire 2018 fiscal year. Analysts expect full-year revenue to approach $250 million in 2020.

The upside potential here is strong. Dramatic revenue growth will help the company to achieve positive operating cash flow. This is likely to bring new investors on board, pushing the stock price up. With an average target price of $4.85, investors who buy at today’s low price could see strong gains over the next year.

Key Data:

  • 1 Year Price Growth: -74.35%
  • YTD Price Growth: -5.78%
  • 3 Month Price Growth: -1.07%

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.