Nice info from press release. Would of been more excited had all these deals gone through before the end of the year but progress was made for sure. They have been delivering, so I am not concerned about how long it takes for the rest of the locations. The ball is officially rollling...
Dye added, “As we proceed with our acquisition strategy, we’ve also taken definitive steps to reduce corporate overhead which further strengthens our financial projections. Specifically, we recently eliminated 15 positions at our headquarters and significantly reduced other spending that results in an estimated $5 million in annualized G&A savings beginning in 2021. These efforts are in addition to the elimination of one-time expenses as well as other deal-related expenses incurred in 2020. In the best interest of shareholders, the Schwazze team is constantly evaluating opportunities to streamline operations and implement additional efficiency measures as needed.”
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