Tax strategies took the spotlight in fourth-quarter financial reports from publicly traded U.S. cannabis companies.
Year-end earnings calls and financial results also showed how multiple cannabis operators are:
Banking on new marijuana markets for future revenue growth while awaiting federal reform. Focusing on wholesale cannabis operations in certain markets. Finding ways to control costs.
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Cannabis-sector equity analyst Jesse Redmond told MJBizDaily that multistate marijuana operators’ results for the quarter ended Dec. 31 were “good results on an absolute basis, but also good results relative to expectations.”
“Every Tier 1 (MSO) beat on revenue, while everyone but Verano beat on (adjusted earnings before interest, taxes, depreciation and amortization),” Redmond, a managing director with Florida-based Water Tower Research, wrote in a March 18
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