When New Leaf Ventures (NLVVF) acquired its 30,000 ft2 facility, it was smart. It had seen disaster strike companies such as Tilray, which imploded due to expanding too rapidly—without the sales revenue to support it.
New Leaf (NLVVF) knew eventually it would use all of that space, but was careful not to grow too big too quickly. So it bided its time, carefully raising capital from its initial IPO. And now, New Leaf (NLVVF) is ready to expand the smart way by conservatively allocating its IPO capital towards the next phase of its expansion.
This expansion plan will position New Leaf Venture (NLVVF) to reap the rewards of the $2.1 billion Washington cannabis market by employing a conservative, scalable plan… ultimately staking its claim on $46.5 billion national pot profit pie.
Again, this expansion isn’t the blind, ego-fueled “I want to have the biggest, gold-lined facility in the country” that perpetuated the downfall of some of the “big 5” cannabis companies.
Rather it’s a resourceful, meticulous operation expansion to fully utilize the unused 13,000 square feet of space in their current facility, which was part of their “tortoise and the hare” business strategy for long-term growth.
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