iAnthus to Opened First Northeast Be. Store on Staten Island

iAnthus Capital Holdings, Inc. (CSE: IAN, OTCQX: ITHUF), which owns, operates, and partners with best-in-class regulated cannabis operations across the United States. The company announced the opening of its first Northeast Be. retail store located on Staten Island. A soft opening is planned for March 11, 2019.

iAnthus owns and operates best-in-class licensed cannabis cultivation, processing and dispensary facilities throughout the United States, providing investors diversified exposure to the U.S. regulated cannabis industry. Founded by entrepreneurs with decades of experience in operations, investment banking, corporate finance, law and health care services, iAnthus provides a unique combination of capital and hands-on operating and management expertise. iAnthus currently has a presence in 11 states, including 30 dispensaries (FL-12, AZ-4, MD-3, MA-1, NY-2, CO-1, VT-1, and NM-6 where iAnthus has minority ownership).

The 3,850 square foot store, located at 338 New Dorp Lane, will be the only Registered Organization serving the borough of Staten Island’s population of close to 500,000.  A grand opening celebration for Be. Staten Island is scheduled for March 26, 2020. 

“We are thrilled to debut our new Be. retail brand for the patients of Staten Island, who have long been underserved by the legal cannabis market,” said Hadley Ford, CEO of iAnthus. “Bringing safe, tested, quality cannabis and excellent customer service to the medical cannabis patients in New York is our top priority and we look forward to serving the great people of Staten Island with Be. our new, exciting retail concept.”

The Company currently operates two medical dispensaries in the state under the Citiva brand, one in Brooklyn and one in Wappingers Falls.  The Wappingers Falls location will be rebranded as Be. shortly after the Staten Island opening. The flagship Be. store, located in Brooklyn across from the Barclays Center, is expected to open next month. The Company’s fourth New York store will be located in Ithaca.

The Company will be rebranding its existing store base across its operating footprint throughout the remainder of the year.