IAnthus Q2 Revenue Jumps 57% Reaching $54M, Provides Update On Recapitalization Transaction

Capital Holdings, Inc. (CSE: IAN) (OTCPK: ITHUF) released its second-quarter financial report Thursday, revealing revenue of $54.2 million, up by 57% from $36.65 million in the same quarter of 2020. 

The multi-state cannabis operator further posted a net loss of $15.3 million, or a loss of $0.09 per share, which compares to a loss of $24.8 million, or a loss of $014 per share in the corresponding period of the prior year. 

Adjusted EBITDA for the quarter was a gain of $13.5 million, up from $0.7 million in the same period last year, while gross profit reached $31.3 million, representing a 66% improvement from the same quarter of 2020. 

Gross Margin was 57.7%, up by 3.2% from 54.5% in the same period of the previous year. 

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