AuditorNov 12, 2026, 05:26 PM
iAnthus Capital Appoints New Auditor; Reports Q3 Results
AI Summary
iAnthus Capital Holdings, Inc. announced a change in its independent auditor, appointing Macias Gini & O’Connell LLP (MGO) and accepting the resignation of PKF O’Connor Davies, LLP (PKFOD). The company also reported its financial results for the third quarter ended September 30, 2026, with revenue of $38.4 million and a net loss of $13.2 million. Adjusted EBITDA showed an increase to $5.2 million.
Key Highlights
- iAnthus Capital Holdings, Inc. appointed Macias Gini & O’Connell LLP (MGO) as its independent registered public accounting firm for fiscal year 2026.
- PKF O’Connor Davies, LLP (PKFOD) resigned as the company's independent auditor, effective November 12, 2026.
- PKFOD's reports for fiscal years 2023-2025 did not contain adverse opinions, disclaimers, or qualifications, except for an explanatory paragraph on going concern.
- No disagreements on accounting principles or financial disclosures were reported between iAnthus and PKFOD.
- Revenue for Q3 2026 was $38.4 million, a sequential increase of $3.0 million.
- Gross profit for Q3 2026 was $16.7 million, a sequential increase of $0.6 million.
- Net loss for Q3 2026 was $13.2 million, compared to $14.4 million in Q2 2026.
- Adjusted EBITDA for Q3 2026 was $5.2 million, an increase from $4.4 million in Q2 2026.
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