iAnthus Capital Holdings, Inc. (OTCPK:ITHUF) (CSE:IAN) released its financial results for the first quarter ended March 31, 2023, revealing revenue of $36.8 million, a sequential decrease of 2.2% from Q4 2022 and a decrease of 14.1% from the same quarter in the prior year.
Q1 2023 Financial Highlights
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Gross profit of $15.5 million, a sequential decrease of 3.6% from Q4 2022 and a decrease of 31.0% from the same quarter in the prior year.
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Gross margin of 42.2%, relatively flat when compared to Q4 2022 and a decrease of 1036bps from the same quarter in the prior year.
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Net loss …