Cannabis firm iAnthus says it likely will default on interest payments again

  • Multistate marijuana operator iAnthus said it expects to default on interest payments due June 30 and
  • The New York-based company, which has partly blamed the coronavirus crisis on filing delays, also said in a news release that, although its previously announced strategic review is ongoing, the firm can’t assure that any alternatives pursued will provide value to stockholders.
  • The MSO also has faced executive turmoil in the past few months.

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