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iAnthus Subsidiary GrowHealthy Begins Delivery in Florida, Signs Orlando Dispensary Lease

By Rick Schettino
Mar 16, 2018

iAnthus Capital Holdings, Inc. (CSE:IAN) (OTCQB:ITHUF), owns, operates, and partners with licensed cannabis operations throughout the United States. Today iAnthus announce that its subsidiary, GrowHealthy Holdings, LLC has begun delivery of cannabis oil vape cartridges, tinctures, and oral dispensing syringes to patients in Florida.

GrowHealthy plans to open multiple dispensaries in West Palm Beach, Tampa, and Orlando, beginning in Q3 2018. The company recently signed a lease for a dispensary location in Orlando, Florida.

The 1,900 square foot Orlando facility is located off a major highway in one of the most densely populated areas of Orlando. All three dispensaries will be situated in key population areas in Florida, with a total addressable market of 11.2 million people.

GrowHealthy was formed in 2014 to apply for a license as a Dispensing Organization under the original Florida low-THC medical cannabis program. This was done through its affiliated partner, McCrory's Sunny Hill Nursery.

McCrory's is one of thirteen Medical Marijuana Treatment Centers licensed to cultivate, process, transport, and dispense full-strength medical cannabis under the new Medical Use of Marijuana Act passed in June 2017.

GrowHealthy initiated its cultivation program in April 2017. Under Phase One of its 200,000 square foot, indoor cultivation facility GrowHealthy currently has thousands of plants under cultivation. The company claims that its current plant and inventory is valued at approximately $2 million.

Carlos Perea, Chief Operating Officer of iAnthus, is quoted in the statement saying, “GrowHealthy continues to make great progress with the recent signed dispensary leases and the launch of our delivery program. In the next few quarters, we expect that GrowHealthy will have opened dispensaries in at least three of Florida’s largest metro regions, Orlando, West Palm Beach, and Tampa. These locations will be crucial towards driving value for our investors and growing our overall footprint.”

For more information, visit  www.iAnthusCapital.com.

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