RE:RE:RE:RE:I’d like to know what stocks they like better A few thoughts:
1. Location off the strip- not easy to get that close, nice access to tourists. I’m not sure how easy it would be to replicate this.
2. Cafe expansion-potential here is pretty big, especially given their location.
3. Additional licenses- more licenses applies to PLTH too. They still own the old location, easy to quickly re-establish it. They didn’t get a license this last round, but the process is being questioned with legal action. I suspect things are going to change.
4. Brands: they have their own brands, so relationships with other companies will allow brands to be sold outside of Vegas when they are able to do so.
5. They have established relationships with other companies. Marc Lustig (OH) is on the board, OH is finalizing an acquisition by CL (Cresco Labs). This seems to me to be an avenue to their brands being soles in other states and vice versa.
6. Online sales (another existing revenue source)
7. Other states? I think the brand recognition will allow them the opportunity to expand into other states as well, with new dispensary locations. The focus on entertainment won’t be to the same extent as Vegas, but I wouldn’t underestimate the value of this.