medical cannabis operators and leases the properties back to them. Innovative Industrial Properties (IIP) helps to solve the cash shortage for growing marijuana companies. cannabis companies can’t easily secure capital from banks or financial institutions since marijuana remains illegal at the federal level. markets, including 12 states with annual cannabis sales of more than $1 billion. Once the deal closes, Cresco will operate in 18 U.S. The acquisition is moving forward, with overwhelming approval by Columbia Care shareholders and a thumbs-up from the Supreme Court of British Columbia. Cresco’s pending acquisition of Columbia Care ( OTC:CCHWF) will make it the largest multistate operator based on revenue. The company is growing rapidly through acquisitions and opening new retail locations. Cresco is the top wholesaler of branded cannabis products in the U.S. It operates retail cannabis stores in 10 states, including six of the 10 most heavily populated states in the U.S. Cresco LabsĬresco Labs, like Green Thumb, is based in Illinois. Green Thumb should have plenty of growth potential over the long term as the U.S. It also continues to deliver revenue and earnings growth and maintains a strong balance sheet even with macroeconomic headwinds.
The company has been profitable since 2020. Green Thumb holds licenses to roughly twice as many retail locations.
and operates 17 manufacturing facilities. It owns 77 retail cannabis stores in 15 states across the U.S. Green Thumb Industries ranks as one of the largest U.S.
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