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Marijuana Stock iAnthus Capital Already Up ~23% in January

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Jan. 28 2019, Published 12:10 p.m. ET

iAnthus named in OTCQX Best 50

Today, on the OTC markets, iAnthus Capital Holdings stock (ITHUF) is trading ~3.63% above yesterday’s closing price of $4.84. Also, yesterday, the stock grew ~5.31% to reach $4.84 from its closing price of $4.60 on January 24.

On January 24, iAnthus Capital Holdings was named among the 2019 OTCQX Best 50. The OTCQX Best 50 are the top-performing companies last year that trade on the OTCQX market. iAnthus Capital Holdings’ stock price grew ~105% in 2018.

Today, the company is trading at a stock price of ~$5.02, which represents ~23% YTD (year-to-date) growth in January, a 129% premium over its 52-week low of $2.20 on March 29, and a ~31% discount from its 52-week high of $7.27 on September 12.

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Today, on the Canadian Securities Exchange, iAnthus Capital Holding is trading at 6.75 Canadian dollars, a ~5.47% rise over yesterday’s closing price, a ~135% premium over its 52-week low of 2.87 Canadian dollars on March 29, and a ~29% discount from its 52-week high of 9.49 Canadian dollars on September 12.

Analysts’ recommendations

Of the six analysts tracking iAnthus Capital Holdings in January, one of them recommends a “strong buy” while five recommend a “buy.” The stock had a consensus 12-month target price of 10.54 Canadian dollars, which represents a ~55.46% return on investment over the next 12 months.

iAnthus Capital Holdings’ peers in the marijuana market, Charlotte’s Web Holdings (CWBHF), Trulieve Cannabis (TCNNF), and MedMen Enterprise (MMNFF), grew ~30%, ~21%, and 21% YTD in January, respectively.

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