trending Market Intelligence /marketintelligence/en/news-insights/trending/qzwfpexexn7-231hghgrmq2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

IAnthus, MPX to expand US cannabis footprint with C$835M stock merger

COVID-19 Pandemic Likely To Cause US Telemedicine Boom

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

IAnthus, MPX to expand US cannabis footprint with C$835M stock merger

IAnthus Capital Holdings Inc. will combine with Canada's MPX Bioceutical Corp. in an all-stock deal worth about C$835 million, with the combined company becoming MPX International.

The agreement will see the combined company operate across 10 states. New York-based iAnthus operates licensed cannabis cultivation and dispensary facilities in the U.S. MPX, besides producing and selling medical cannabis, provides advisory, financial and other services to medicinal cannabis enterprises across five states. The companies noted that operations in the 10 states are projected to generate about C$16.2 billion in yearly cannabis sales by 2022.

IAnthus CEO Hadley Ford said in an Oct. 18 statement that the transaction will nearly double the company's U.S. footprint.

The new company MPX International will hold all non-U.S. businesses of MPX and will be listed on the Canadian Securities Exchange. Under the agreement, MPX shareholders will receive 0.1673 common shares of iAnthus for each common stock of MPX. In addition, each MPX shareholder will receive common shares of the new entity MPX International.

The board of the combined company will be increased to seven, with three directors nominated by MPX.

The transaction, which has the approval of both companies' boards, is subject to shareholder and regulatory approvals. MPX will hold a shareholder meeting in January 2019 to seek approval for the merger.

GMP is acting as the exclusive financial adviser while McMillan LLP is serving as legal counsel to iAnthus. Echelon is acting as the exclusive financial adviser to the special committee of the board of directors of MPX.