The chart. You have written what I believe is clearly misunderstood by your interpretation. The bar chart represents a combined R Greenleaf and Everest sales from April '22 for both medical and recreational as separate color bands (despite the companies not yet being joined in April '22) This was made by the poster on Twitter and disclosed as such as a combined chart. I believe that is correct.
The top number is rec (not a total) of the two as written, while the midline or lower number is medical as written for both companies as reported. Add them for the total (see vertical Y axis to the far left which is different scale value than these separate numbers as depicted separately) Perhaps the total is something more than what you are not adding inspite of the relative decline and new stores which have increased over the X axis timeline?
Yes, there is obvious compression as shown while dispensaries increased monthly (not noted on the chart as a total per month) but we know by NMRLD a recorded 1 additional Everest in September and 8 additional R Greenleaf as populated along the way from the 11 for a combined total today of 34 per NMRLD with these reported sales. If the numbers were similar, in April '22 there were 11 R Greenleaf and 14 or fewer Everest, thus somewhere in the combined 25 range then? I do not have the numbers for Everest prior to acquisition nor growth pattern.
No matter, the crunch, is apparent. The question becomes what they plan to do to manage it with revised guidance appearing required for we, the public. They addressed the unlimited licenses in a letter to the Govenor and there does seem to be some attrition as to storefronts taking place in the NM total market. Sales declines reduced basket sizes and reduced number of customer visits in a weaker economy with lower prices are also present. Consolidation isn't always pretty. The expression, "Everyone would be doing it." comes to mind in the form of current sarcasm. Yes, many have tried --and we are viewing the ugly period that there will be fewer left. Between the black market and the lack of helpful government policy, it is going to stay ugly for a while imo.
