iAnthus Capital Holdings is a publicly traded cannabis holding company, not a single product line. Through its wholly owned subsidiary iAnthus Capital Management, it owns and operates licensed cultivation, processing and dispensary businesses across the United States, and it stocks those stores with its own multi-state brands. The company works out of Brandon, Florida, with a second office in Toronto, and it was the first American multi-state operator to go public and raise money in Canada.
Most shoppers meet iAnthus through one of its retail banners rather than the parent name. In Florida the company runs Grow Healthy, with 18 dispensaries in cities including Tampa, Orlando, Miami, Sarasota, Gainesville and Tallahassee, plus a statewide delivery program. Arizona and Maryland stores trade as Health for Life, four in Arizona between Mesa and Phoenix and three in Maryland across Bethesda, Baltimore and White Marsh.
The Northeast operates under different names. In New York, iAnthus holds one of ten vertically integrated Registered Organization licenses, with dispensaries in Brooklyn, Staten Island, Dutchess County and Tompkins County under the Be. banner; the Brooklyn store sits across from Barclays Center. Massachusetts adds a Boston shop open since 2018 in the Allston and Brighton area and adult-use stores in Worcester and Lowell. New Jersey runs a medical dispensary in Atlantic City as MPX NJ.
Nevada is the newest retail ground. The company has been awarded three dispensary licenses there, in Reno, Henderson and the City of Las Vegas, on top of a Las Vegas cultivation and production plant that already supplies close to half the state's stores. MPX live resin is the top-selling non-vape concentrate in Nevada, and the same line leads its category in Arizona by market share.
The house brands are where iAnthus shows up on a menu. MPX, short for Melting Point Extracts, is the flagship: hydrocarbon, CO2 and solvent-free extractions turned into live resin, wax, sauce and diamonds, carried by more than 150 wholesale partners across Arizona, Nevada and Maryland. The newer roster includes Anthologie premium flower, littles mini-nugs, Last Resort ready-to-roll pre-ground flower, The Makery edibles, and Black Label and frutful concentrates.
All of it is grown and processed in house. The Lake Wales, Florida campus covers 33 acres with more than 150,000 square feet built out and room for over half a million. Massachusetts runs cultivation and processing in Holliston and Fall River, Arizona holds roughly 42,000 square feet across three sites, Nevada operates a 29,000-square-foot Las Vegas facility, Maryland processes MPX in Gaithersburg, and New Jersey's campus sits in Pleasantville.
The map looks the way it does because the company picks markets deliberately, favoring states with a large addressable market, a limited number of licenses, rules that allow vertical integration and home delivery, and room for adult-use sales to follow medical. Across that network it has opened 33 dispensaries so far, and its THC products sit on the shelves of more than 200 stores nationally.
For a shopper, that structure is the practical difference. The flower, pre-rolls, vapes, tinctures, topicals and concentrates on an iAnthus shelf come from the company's own grow rooms and labs in that state rather than a broker. MPX concentrates also reach well beyond the company's own stores, landing in more than half the licensed dispensaries in Arizona and roughly 80 percent of them in Maryland.