fbpx
CannabisPodcastsTrade To Black

MSO Earnings Continue With Trulieve, Ayr, and Verano

By Shadd Dales

The TDR Three Key Takeaways on Ohio and quarterly earnings from Trulieve, Ayr Wellness, and Verano Holdings:

  • Tuesday, August 6, 2024 was the first day of adult recreational cannabis sales in the state of Ohio. 98 stores made up the launch, with more licenses expected to be granted by the weekend.
  • Trulieve (OTC: TCNNF) saw revenue increases of 8% YOY, a gross margin of 60%, and an adjusted EBITDA of $107m. Three dispensaries have been opened in Florida and two acquired in Ohio.
  • Verano Holdings (VRNOF) reported revenue of $222m and an adjusted EBITDA of $71m. Plans are in the works to acquire operations in Arizona and Virginia, which will place them in 14 states.

On our Wednesday episode of Trade To Black for August 7, 2024, hosts Shadd Dales and Anthony Varrell talk about some of the latest buzz in cannabis news for this week. Tuesday, the state of Ohio launched adult-use marijuana sales in 98 stores, and Shadd made a special trip around the stage to see firsthand how the launch of recreational cannabis was doing. He’ll share the insights from what he learned.

Politicians on both sides are leaning into the idea of more liberal opinions on cannabis, with Trump wishing to leave it to the states, and JD Vance echoing the Dems sentiments that no one should be in jail for cannabis. Even Fox Business News was talking about cannabis regulations, inviting Tilray CEO Irwin Simon for a segment. Simon had a chance to discuss Tilray’s growth as a beverage company and how they’re on to a $1bn run rate.

Earnings reports from the cannabis industry continue apace, and we continue to report on some of the most recent. Not only will Shadd and Anthony  comment on the earnings reports recently released by Trulieve (OTC: TCNNF), Ayr Wellness (OTC: AYRWF) and Verano Holdings (VRNOF), they’ll discuss which company they feel has performed the best.

Be sure to catch their thoughts. TDR will also have another video sharing Shadd’s experiences at three dispensaries in Ohio on opening day.


Shadd Dales

Shadd Dales is the Founder and President of The Dales Report and has an extensive background in the business media industry.

His work translates into over 15 years in mainstream media that included roles with BNN Bloomberg, CTV Properties and the iHeart Radio Network.

Shadd is considered one of the leading on air talents in both the cannabis and psychedelic space and has interviewed some of the most notable CEO names in the industry.

Shadd’s vision is to establish a content platform that is equivalent to a mainstream broadcast produced in a format that is relevant for today’s investor.

You might also like
Cannabis

Cannabis Talk In Tonight’s Presidential Debate Between Harris and Trump?

Cannabis

MariMed’s Bubby’s Baked Introduces New, Limited-Edition Pumpkin Bread Bites

Cannabis

High Tide Announces Joint Venture with Positive Intent Events to Bring Legal Cannabis…

Cannabis

The Cannabist Company Expands Brand Portfolio In Pennsylvania

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More