iAnthus Q2 2022 net loss $373.6M on $316.6M debt extinguishment; revenue down 20% YoY

iANTHUS CAPITAL HOLDINGS, INC.

2022-Q2 EPS reported -$1.03 revenue$86,271,000

Revenue $43.5M, down 20% YoY; gross margin 45.2% vs 57.7% prior year.
Net loss $373.6M ($0.65/share) includes $316.6M non-cash loss on debt extinguishment from recapitalization.
Adjusted EBITDA $2.3M vs $13.5M in Q2 2021; margin 5%.
Recapitalization closed June 24; issued additional $25M 8% secured debentures due 2027.
Shareholders elected six directors and reappointed Marcum LLP as auditor.

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