According to reports publicly traded multistate marijuana operators appear to be in better financial health than they were at the beginning of 2020. However, many have shed operations in potentially lucrative markets to bolster their balance sheets. MSOs are benefiting from growing marijuana markets, strong sales during the coronavirus pandemic and some easing in the capital markets as investors become more willing to fund cannabis companies. Many MSOs still are struggling to become profitable after making heavy initial investments in their business. “The third quarter is going to be a very important quarter as it relates to the health of these companies,” said Joe Catalbiano, co-founder and former president of Illinois-based MSO Cresco Labs, which has been one of the strong performers to date. Catalbiano is referring to the quarter that ended Sept. 30. Companies traded on the public stock markets aren’t expected to report their results until next month.
Marijuana Business Daily, 10/07/2020 06:30:23
Open article: https://mjbizdaily.com/asset-sales-market-growth-might-boost-cannabis-multistate-operator-finances/