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Buds & Duds: Harvest Health grows 17%, iAnthus down on restructuring support announcement

The North American Marijuana Index was trending up almost 2% to 97 points.

Harvest Health and Recreation (OTCMKTS:HRVSF) was up more than 17% today. The Phoenix-based vertically integrated cannabis company last month said it has divested its select retail assets in California to high time holding corp for more than $61M. The firm added it plans to retain four operating dispensaries all in California.

iAnthus Capital Holdings (OTCMKTS:ITHUF) plummeted more than 53% this morning. Today the New York-based group announced today it announced its entering into a restructuring support agreement with all of its lenders to reduce the company's outstanding debt and annual interest costs, and improve its capital structure and liquidity.

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