Marijuana multistate operator The Cannabist Co. is trying to improve its wholesale business as it moves on from what CEO David Hart described as “an arduous 2023.”
“I have committed to the team that this business will look very different by the end of 2024,” Hart said during prepared remarks on a Wednesday conference call discussing The Cannabist’s fourth-quarter and full-year 2023 earnings.
ADVERTISEMENT
Hart took the helm at The Cannabist in January, not long after the company rebranded from Columbia Care following an aborted merger with Cresco Labs.
Wholesale revenue comprised 12% of The Cannabist’s revenue in 2023.
“We are looking to change that,” Hart said, explaining that The Cannabist undertook significant capital expenditure in certain markets to prepare for transitions to adult-use
Read full article on Marijuana Business Daily
