Thursday, October 14, 2021 9:40:07 AM
Key --->>> "add six additional retail dispensary permits in the state"
They are buying a tiny fraction of Trulieve's cultivation sq footage --->>>
"Approximately 52,000 sq. ft. of indoor grow/processing space"
They bought concrete--->>>Foundation for an additional 52,000 sq. ft. of indoor cultivation space
Only one dispensary is open--->>>One operational dispensary in Montgomeryville
They also bought all of the debt--->>>A second dispensary in Scranton currently under construction
...the Ability to open an additional four dispensaries throughout the state --->>> In a state where licenses mean something (unlike Florida), this is important.
But GTI is a good example that permits/licenses are great assets to have, but having the financial ability to open and supply the locations from their company owned cultivation facilities takes another big chuck of change. Cresco's $80M investment is only the tip of the iceberg.
That's why I stand by my statement that all MSO's are paying an insane cannabis acquisition premium.
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