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iAnthus Capital Holdings Inc (CNSX:IAN) CEO on MPX Bioceutical Corp (CNSX:MPX) Deal

4,553 views · Published 30 October 2018 · 10:57 · Indexed 10 October 2026

Channel: Midas Letter · 2018 · News & Politics

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iAnthus Capital Holdings Inc (CNSX:IAN) (OTCMKTS:ITHUF) (FRA:2IA) CEO Hadley Ford predicts the collective US cannabis market cap will be $1 trillion in 10 years. Ford explains that the current $50 billion industry market cap represents just 11 percent market penetration; however, an anticipated increase in usage should see cannabis reach the regular use levels that alcohol currently enjoys and push the cannabis market cap to the trillion dollar range. Ford anticipates 9 or 10 companies will dominate 80 percent of the US market and believes scale is integral to players in that space. The MPX Bioceutical Corp (CNSX:MPX) (OTCMKTS:MPXEF) (FRA:5CB) deal gives iAnthus that scale because the MPX portfolio adds strategic states to iAnthus’ holdings and access to cannabis retail locations targeting the “soccer mom” demographic. With this deal, iAnthus should have some of the most liquid stocks in the space, which should appeal to institutional investors that want to enter the cannabis sector.

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