RE:news out... Finally!
Hopefully well timed if indeed re-scheduling can be pulled off pre-elections
Nevertheless likely highly accretive to earnings within a short period of time. At 12% hopefully the new debt will be paid off or converted before too long.
Better margins almost assuredly can be achieved based on vertical integration and switching underutilized capacity from wholesale to retail markups.
They know the Nevada market, so no out of state growing pains.
I suspect merger talks will now be on the back burner until they can fully onboard the new dispensary. Once it's running much more profitably, it's fully integrated ( and rebranded) , and their is a more favourable environment for Cannibis in the US, they will be able to cash in... I suspect handsomely.
MM