Quarterly ResultAug 12, 2026, 05:03 PM
iAnthus Q2 Revenue $35.3M, Adj. EBITDA $4.4M; Secures $2.5M Credit Line
AI Summary
iAnthus Capital Holdings reported its second-quarter 2026 financial results, with revenue reaching $35.3 million and Adjusted EBITDA increasing to $4.4 million. The company also secured a new revolving credit line of up to $2.5 million from affiliates of Gotham Green Partners, LLC. This credit facility, bearing 12% interest and maturing in June 2027, is intended to fund expansion opportunities in New York and Florida, facility upgrades, and general working capital.
Key Highlights
- Secured a $2.5 million revolving credit line from Gotham Green Partners.
- Credit line proceeds to fund expansion in New York and Florida.
- Q2 2026 revenue was $35.3 million, a sequential increase from Q1 2026.
- Adjusted EBITDA increased to $4.4 million in Q2 2026, up from $3.4 million in Q1 2026.
- Reported a net loss of $14.4 million for Q2 2026.
- Gross margin was 45.5% in Q2 2026, a sequential decrease of 197 bps.
Price Impact
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