GGP invests $50 mln in cannabis company iAnthus Capital

U.S. cannabis private equity firm Gotham Green Partners (GGP) has invested US$50 million in iAnthus Capital Holdings Inc, a Canadian listed owner and operator of U.S. licensed cannabis cultivation, processing and dispensary facilities. The company, which is based in New York, said it will use the deal's proceeds to recapitalize its balance sheet with long-term debt, fund its key operations, especially in New York and Florida, and pursue strategic acquisitions. Founded in 2014, iAnthus is led by CEO Hadley Ford.

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