iAnthus Provides Update on Florida Market

iAnthus Capital Holdings (CSE:IAN; OTCQB:ITHUF) announced its subsidiary GrowHealthy Holdings started delivery to its patients in Florida and signed a lease for a dispensary in Orlando.

As quoted in the press release:

GrowHealthy’s delivery program currently offers vape cartridges, tinctures, and oral dispensing syringes to patients state-wide. Delivery will continue to be augmented by the opening of its dispensaries in West Palm Beach, Tampa and Orlando, beginning in Q3 2018.

GrowHealthy’s 1,900 sf. ft. Orlando dispensary location is located off a major highway in one of the most densely populated areas of Orlando. The property will provide ample parking and is situated at cross streets where the average traffic per day is more than 60,000 vehicles. The dispensary is expected to open in Q3 2018.

GrowHealthy’s first three dispensaries are strategically situated in key population areas in Florida, with a total addressable market of 11.2 million people. Total dispensary square footage in GrowHealthy’s first three dispensaries will span approximately 8,500 sq. ft.

Click here to read the full press release.

Source: www.globenewswire.com