Cantor Fitzgerald’s Pablo Zuanic has had a busy couple of days as a plethora of cannabis companies file their financial reports. He took some time to share his view on the booming if sometimes rocky industry.
Those investors who added marijuana-focused Real Estate Investment Trust – Innovative Industrial Properties (NYSE: IIPR) to their portfolios some five years ago, must be really pleased with their return on the investment.
With yet another earnings season ahead, Cantor Fitzgerald's analyst Pablo Zuanic proffered some insight into what to expect from one of the largest cannabis MSOs in the U.S. in the upcoming third quarter.
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.
Cresco Labs Kicks Off Cannabis Sales At Another Pensacola Florida Dispensary
Cresco Labs (CSE: CL) (OTCQX: CRLBF) announced the expansion of its Sunnyside retail brand in Florida's Panhandle region with the opening of a second dispensary in Pensacola.