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Goodness Growth Holdings Inc C.GDNS

Alternate Symbol(s):  GDNSF

Goodness Growth Holdings, Inc. is a multi-state cannabis company. The Company has operations in four markets in Maryland, Minnesota, New Mexico, and New York. The Company is science-focused and provides patients and adult-use customers with cannabis-based products. It cultivates and manufactures pharmaceutical-grade cannabis extracts and sells its products at both Company-owned and third-party dispensaries to qualifying patients and adult-use customers. It has developed proprietary cannabis strains, cultivation methods, carbon dioxide extraction, ethanol extraction, and other processes related to the production, refinement, and packaging of cannabis products. The Company manufactures, assembles, and packages cannabis finished goods across a range of product segments, including Inhalable, Ingestible, and Topicals. Its brands include Vireo Spectrum, Vireo Selects, 1937, LiteBud, Boundary Waters, Hi-Color, Kings and Queens, and various other flower and trim brands.


CSE:GDNS - Post by User

Post by drbob512on Aug 26, 2020 4:45pm
133 Views
Post# 31457665

Vireo Conf Call from

Vireo Conf Call from Seeking Alpha was encouraging. PA sale brought enough cash so now have $21M & burn rate reduced $150k/mo. to $750/mo. & they are spending $8-$9M for development of other properties, which will increase revenues by 4th qtr & 1st qtr 2021. They are streamlining costs and focused on existing projects & properties in order to become cash flow positive by 2021; no longer a solvency risk it appears. VREOF made good decisions & good progress in past 1-2 qtrs, by retrenching & bolstering financial status. Am more positive than have been for a long time cuz risk is reduced & light at end of tunnel. Analysts seemed encouraged too, on the call transcripts during Q&A section. Will take patience for stock to get to $1 and $1 1/2 per share (VREOF). All the attention is for Trulieve, Green Thumb, Curaleaf & Cresco Labs, & deservedly so. Mkt cap for Vireo is $60M ?
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