What investors Are missing: Will your favorite MSO scale with the industry?

by | Feb 25, 2021 | Free, Macro, Thematic Research | 0 comments

This is part of our series “What investors are missing.” In these articles, we highlight contrarian trends, forecasts, and observations from first-hand experience working with US cannabis operators and institutional investors.

The Top US operators Are Not The Same

The cannabis market is going to be big, and investors want to know which companies will dominate the industry as it reaches maturity. 

We often see the answer “The Top US Operators” in analyst reports, supported by comparing operating performance, past margins, forecasted revenues, gram per square foot yields, state presence, etc.

We rarely see this answer supported by an analysis of scalability.