IAN.CN stock -50.00% to C$0.005 on 20 Jan 2026 (Market Hours): Liquidity risk ahead

IAN.CN stock plunged -50.00% to C$0.005 during market hours on 20 Jan 2026, making iAnthus Capital Holdings, Inc. (IAN.CN) one of Canada’s top losers. The share collapse followed a thin trading session with volume 1,000 vs an average of 410,652, highlighting acute liquidity stress. On the TSXV (CNQ) the stock now sits near its year low C$0.005 and carries a market cap of C$34,087,300.00. We review drivers, valuation, risks and short-term outlook for IAN.CN stock.