iAnthus Capital Reports Improved Quarterly Results

Ianthus Capital Holdings (OTC) (TSE:IAN) has released an update.

iAnthus Capital Holdings has reported a slight revenue decrease to $159.2 million in the fiscal year 2023, with a notable reduction in net loss to $76.6 million compared to the previous year. Despite a year-over-year gross profit drop to $63.2 million, the company showed improved quarterly performance with a sequential rise in gross profit and Adjusted EBITDA in Q4 2023.

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