Nevada CANNABIS TRENDS.
In the month of February, Nevada recorded ~$65M in cannabis sales, which represents a sequential decline of 2.7% and a YoY decline of 0.4%. Unit volumes in the month were down 4.8% sequentially but up 9.3% YoY. The average price per unit was up 2.3% sequentially and down 8.9% YoY. This is the second month in a row that this state has seen sequential increases in the average unit price, which is the first time this has happened since May of 2021.
CALL INVITE | CANNABIS SPEAKER CALL W/ Mike Gorenstein, CEO of CRONos
CALL DETAILS:
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Topics to be discussed & THE PATH FORWARD:
- Update on the business reorganization and the decision to maintain some operations at the PEACE NATURALS campus
- "Borderless" brand building in Canada & Israel, including the new flower genetic launch in those countries.
- Understanding the strategy that drove Spinach brand to become Canada's #1 gummy brand. How this strategy may apply to the eventual move into the USA
- The outlook for Gross margins in 2023
- Detailed sum of the parts
If there are questions you would like asked, please send them to
Cresco Expands in Florida
Cresco Labs (CRLBF) announced it opened its fourth Sunnyside dispensary in the greater Orlando, Florida region. The new store is the Company’s 26th dispensary in the state and 61st nationwide. “We’re opening new retail stores in prime locations to sufficiently cover greater Orlando’s four corners and serve the needs of the growing patient population in this Florida region,” said Charles Bachtell, Cresco Labs’ CEO & Co-Founder. “Orlando is home to over 2.5 million residents and attracts over 75 million visitors annually. In addition to our Fern Park, West Orlando and Winter Park locations, we look forward to serving the patient community out of our newest store in South Orlando.”
