Post by
7Twiggy on Feb 01, 2021 5:21pm
From the Yahoo Finance discussions
Along with the big cultivation expansions I mentioned in my reply to the previous message, I will repeat again the really big impact getting the 75 additional social equity licenses awarded in Illinois. Cresco expanded their capacity by 600% in Illinois last year which was supposed to coincide with the awarding of these additional licenses so Cresco is ready to supply them. No MSO will get any of these licenses however Cresco will play a big part as a wholesale supplier. There will be a minimum of 21 applicants which already were named which will immediately start building out their retail stores once these licenses are awarded. That means at least 21 new stores by summer which will need to stock their initial inventory. To get an idea of how big a wholesaler Cresco is in Illinois, take a look at the Beyond Hello (Jushi owned) dispensary opened last week in Bloomington IL. 19 out of 53 of the flower products (36%) are Cresco products. I consistently see about one third of the flower product in new stores are Cresco products. There are currently 82 dispensaries open in Illinois and the 75 additional will provide a big revenue bump this summer. IMO, the second half of the year is going to be huge for Cresco.