secwatch.observer — SEC 8-K summary
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Issuer:     iANTHUS CAPITAL HOLDINGS, INC. (ITHUF)
CIK:        0001643154
Form:       8-K
Filed at:   2022-05-12T23:59:59+00:00
Accession:  0001193125-22-148778
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iAnthus Q1 revenue $42.8M down 17% YoY; net loss $10.1M; liquidity constraints persist
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- Revenue of $42.8M, down 17% YoY and 10% sequentially; gross margin 52.6% improved QoQ but down YoY.
- Net loss $10.1M ($0.06/share) vs $19.5M loss in Q1 2021; Adjusted EBITDA $3.4M vs $13.0M YoY.
- Debt default continues: $97.5M secured notes + $60M unsecured debentures; accrued interest and exit fees of $15.8M.
- Restructuring support agreement proposes issuance of 6.07B common shares to extinguish debt; subject to regulatory and CSE approval.
- Liquidity constraints led to missed interest payments; ongoing recapitalization transaction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1643154/000119312522148778/0001193125-22-148778-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1643154/000119312522148778/d355646d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-148778

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