iAnthus Capital Holdings, Inc. (CSE:IAN) (OTCPK: ITHUF) reported Thursday its revenue went up by 93.5% year-over-year to $151.7 million in 2020. Fourth-quarter revenue amounted to $46 million.
For the fiscal year ended December 31, the gross profit amounted to $86.7 million, representing a 232.2% increase compared to 2019. Gross profit in the fourth quarter was $21.8 million.
The net loss for 2020 totaled $309.8 million, or a $1.81 loss per share. The fourth-quarter net loss was $27.3 million, or a …
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More iAnthus Posts 93.5% Surge In Revenue, 232% Increase In Gross Profit YoY Despite 2020 Setbacks