Some of the country's largest MSOs reported earnings that "exceeded our greatest expectations," New Cannabis Ventures writes. The site's Alan Brochstein offers three key takeaways.
- Companies with big quarters included Cresco Labs (record revenue of $153.3M), Trulieve (record revenue of $136.3M), Ayr Strategies (revenue of $45.5M up 61% quarter over quarter) and Curaleaf (record revenue of $182M).
- Curaleaf's new CEO Joseph Bayern talked to Business Insider (paywall) about why he's bullish on the Northeast.
- Canadian player Canopy Growth is eager to get into the U.S. market (paywall).
- Canna-Tech company Meadow introduced a fundraising tool for pot start-ups.