Green Thumb Industries Inc (OTCMKTS:GTBIF) recently announced it will open Rise Hermitage, the seventh Rise™ retail location in Pennsylvania, on September 19. According to its release, Rise Hermitage will host an open house for the community on September 16 from 4 p.m. to 7 p.m. The open house will be held before cannabis products are on site so all are welcome to attend and meet the Rise™ team, including the General Manager and Pennsylvania Market President.
“We’re honored to open the seventh Rise™ store in Pennsylvania and to be the first to provide cannabis to people throughout Mercer County,” said GTI Founder and Chief Executive Officer Ben Kovler. “With 32 stores now open across the country, we look forward to expanding our footprint in Pennsylvania while being an active member of the Hermitage community.”
Green Thumb Industries Inc (OTCMKTS:GTBIF) as a producer and distributor of cannabis products including flower, concentrates for dabbing and vaporizing, edibles, and topicals. The company markets its products through third party retailers. It also owns and operates a chain of 50 retail stores under the RISE dispensaries name. The company was founded in 2014 and is headquartered in Chicago, Illinois.
The company is a national cannabis cultivator, processor and dispensary operator, is dedicated to providing dignified access to safe and effective cannabis nationwide while giving back to the communities in which they serve.
As a vertically integrated company, GTI manufactures and sells a well-rounded suite of branded cannabis products including flower, concentrates, edibles, and topicals. The company also owns and operates a rapidly growing national chain of retail cannabis stores called RISE(TM) dispensaries.
Headquartered in Chicago, Illinois, GTI has seven manufacturing facilities and licenses for 50 retail locations across seven highly regulated U.S. markets. Established in 2014, GTI employs more than 350 people and serves hundreds of thousands of patients and customers each year.
The company was actually also named a Best Workplace 2018 by Crain’s Chicago Business.
And the stock has been acting well over recent days, up something like 3% in that time. Shares of the stock have powered higher over the past month, rallying roughly 16% in that time on strong overall action.
Green Thumb Industries Inc (OTCMKTS:GTBIF) managed to rope in revenues totaling $2.9M in overall sales during the company's most recently reported quarterly financial data — a figure that represents a flat rate of top line growth. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($122.7M against $32.5M).
KushCo Holdings Inc (OTCMKTS:KSHB) has been posting strong fundamental data, but the stock has been weakening by the day. For such a divergence – a paradox of a kind – there must be some answer: is it a wrong situation getting justifiably more wrong? Or is it a big deep-value opportunity waiting for the right moment to spring?
To help us with an answer, the company just announced that it is reconfirming its annual revenue guidance for its fiscal year ended August 31, 2019 of between $145 million and $150 million in sales.
According to the release, major initiatives that the Company launched and/or accomplished during Fiscal 2019 include: The Company renamed and rebranded itself as “KushCo Holdings, Inc.” The Companys main operating company subsidiary is now Kush Supply Co., the Company opened its new corporate headquarters in Cypress, California, the Company opened its product sourcing office in Ningbo, China and a regional distribution center in Taylor, Michigan.
KushCo Holdings Inc (OTCMKTS:KSHB) casts itself as the parent company to a diverse group of business units that are transformative leaders in the cannabis, CBD, and other related industries.
KushCo Holdings’ subsidiaries and brands provide exceptional customer service, product quality, compliance knowledge and a local presence in serving its diverse customer base. KushCo Holdings’ brands include Kush Bottles, a dynamic sales platform that is the nation’s largest and most respected distributor of packaging, supplies, and accessories, Kush Energy, which provides ultra-pure hydrocarbon gases and solvents to the cannabis and CBD sector, Hybrid Creative, a premier creative design agency for cannabis and non-cannabis ventures, and Koleto Packaging Solutions, the research and development arm driving intellectual property development and acquisitions.
Founded in 2010, KushCo Holdings has now sold more than 1 billion units and regularly services more than 5,000 legally operated medical and adult-use dispensaries, growers, and producers across North America, South America, and Europe.
KushCo Holdings subsidiaries maintain facilities in the five largest U.S. cannabis markets as well as having a local sales presence in every major U.S. cannabis market.
Moreover, the company provides various products and services for the regulated cannabis, CBD, and other related industries. It distributes vaporizer products, packaging, supplies, and accessories, as well as offers branding services to cannabis operators; and provides hydrocarbon gases and solvents to the cannabis sector. The company also operates a creative design agency for cannabis and non-cannabis brands that provide brand strategy, design and marketing, Web application development, and e-commerce solutions.
In addition, it researches and develops packaging solutions to the pharmaceutical and veterinary industries. The company was formerly known as Kush Bottles, Inc. and changed its name to KushCo Holdings, Inc. in September 2018. KushCo Holdings, Inc. was founded in 2010 and is headquartered in Garden Grove, California.
KushCo Holdings Inc (OTCMKTS:KSHB) generated sales of $41.5M, according to information released in the company’s most recent quarterly financial report. That adds up to a sequential quarter-over-quarter growth rate of 17.9% on the top line. In addition, the company is battling some balance sheet hurdles, with cash levels struggling to keep up with current liabilities ($12.2M against $29.8M, respectively).
CRESCO LABS ORD (OTCMKTS:CRLBF) shares dove on Monday to test key support in the $7.00-7.25 area, where there exists a significant technical level of interest at the stock’s pivot support from early August.
The company manufactures and sells medical cannabis products in the United States. It offers cannabis dry flower; vaporizer forms of cannabis; cannabis oil in capsule, oral and sublingual solutions; cannabis in topical; and other cannabis products.
To help flesh out the story guiding recent action, the company just announced a significant expansion of its presence in Nevada and Arizona through the signing of a purchase agreement to acquire certain assets from Tryke Companies, LLC, a vertically integrated seed-to-sale cannabis company, including six prime Reef Dispensary locations in Nevada and Arizona, expanded licensed cultivation and process capacity in Las Vegas and Phoenix and entry into the Utah market.
The company also provides cannabis infused edibles, including chocolate and toffee confections, fruit-forward gummies, and hard sweet and chews. Cresco Labs Inc. sells its products under the Cresco brand. In addition, it operators a Hope Heal Health dispensary in Fall River, Bristol County, Massachusetts. The company was formerly known as Cresco Labs, LLC and changed its name to Cresco Labs Inc. in November 2018. Cresco Labs Inc. is headquartered in Chicago, Illinois.
Cresco Labs CEO and Co-founder Charlie Bachtell commented, “We have been very clear with the market that we have entered the second chapter of the Cresco Labs story as we position the Company to lead in the middle two verticals of the value chain – brands and wholesale distribution. With significant in-state populations and tourist traffic, Nevada and Arizona were key near-term targets for expansion. Creating the most strategic geographic footprint in the U.S. cannabis industry is not just about the number of states you operate in. Rather, our thesis for success in establishing a normalized and professionalized cannabis industry as well as providing the greatest ROIC for our shareholders calls for us to leverage our existing operations in states of significance to rapidly attain material and meaningful market-leading positions. This Transaction meets every point in our ROIC framework. It accelerates top-line growth, enables efficiencies across our network through the addition of one of the most impressive operating teams in the country and brings a pipeline of high return projects that we expect to execute on at a measured pace over the next several years.”
CRLBF has a significant war chest ($89.8M) of cash on the books, which stands against about $41.2M in total current liabilities. CRLBF is pulling in trailing 12-month revenues of $90.4M. In addition, the company is seeing recent top-line growth, with sequential quarterly revenues growing at 42.9%.
CRLBF has had a rough past week of trading action, with shares sinking something like -24% in that time. That said, chart support is nearby and we may be in the process of constructing a nice setup for some movement back the other way.
Cresco Labs Inc (OTCMKTS:CRLBF) managed to rope in revenues totaling $40M in overall sales during the company’s most recently reported quarterly financial data — a figure that represents a rate of top line growth of 0%, as compared to year-ago data in comparable terms. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($89.8M against $41.2M).