Nine of the ten largest debt raises ever completed for U.S. Cultivation & Retail companies were closed in 2021 and, to a much lesser extent, YTD 2022. Over $3.8B of debt was sold over this period, far more than in any similar period in U.S. Cannabis history.
Investors should be paying close attention to the efforts of MSOs to extend or refinance their upcoming debt maturities.
Multi-state cannabis operator Green Thumb Industries Inc. (OTC: GTBIF) teamed up with Alimentation Couche-Tard (OTCMKTS: ANCTF) Circle K Stores, an American chain of convenience stores.
Why is Green Thumb Industries Inc (OTC: GTBIF) "a good public cannabis company"?
Colin Campbell, Managing Director of Sharp Capital Advisors, shared his thesis on Benzinga Cannabis Insider.
"They actually have EBIDTA," he started.
An analysis of financial filings by Green Market Report showed that ten publicly traded multistate cannabis companies are carrying over $500 million in federal tax debts.
Minnesota-based Vireo Health International, Inc. (CNSX: VREO) (OTCQX: VREOF) is suing the state, arguing that a law hemp law is discriminatory toward producers of medical cannabis edibles, reported FOX 9 Minneapolis-St. Paul.