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I think in the next 3 to 5 years, you can certainly see us being a regional operator and continuing to acquire and grow organically and do that in the markets that we serve.
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2022 Q2
16 Aug 22
n New Mexico, we are already fully vertically integrated. The acquisition we made was fully integrated and pretty much all our products in our stores in New Mexico come from our own manufacturing and growth facilities.
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2022 Q2
16 Aug 22
So we expect to generate cash flow net of acquisitions this year.
The first half has been negative, but we anticipate the second half will outpace that, and therefore, will be positive for the yea
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2022 Q2
16 Aug 22
the wholesale market is distressed this year, primarily due to oversupply in cultivation last year and which resulted in an oversupply of distillate. Obviously, that has driven the market down in terms of pricing. And we are feeling the effects of that on the wholesale side.
However, it has helped us on the retail side with margins.
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2022 Q2
16 Aug 22
Much of our revenue growth this quarter over prior years due to these acquisitions and the change in regulation in New Mexico. Wholesale revenues decreased due to an oversupply of wholesale cannabis in Colorado, driving down pricing and overall decreases in the Colorado market.
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2022 Q2
16 Aug 22
growth in Colorado market to continue to be challenging the rest of the year due to increased cultivation capacity in the state, which has resulted in oversupply of wholesale cannabis biomass.
However, we are benefiting from the recreational market in New Mexico, which assisted in offsetting that slower growth. The quarter, we generated approximately 86% of our revenue from retail.
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2022 Q2
16 Aug 22
We're pleased to report that we once again outpaced the state of Colorado for the quarter by 11
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2022 Q2
16 Aug 22
On April 1, 2022, Schwazze commenced selling both recreational and medical cannabis in New Mexico. We can report that New Mexico sales have increased 30% over prior year's quarter 2 for the same-store sales.
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2022 Q2
16 Aug 22
Last quarter, we also announced a license agreement with Lowell Farms to manufacture and distribute Lowell smokes, a premium line of pre-rolled joints to dispensary statewide in both Colorado and New Mexico.
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2022 Q2
16 Aug 22
on June 1, we announced the closing of the announced the acquisition of all assets of Urban Health and Wellness, which included an adult-use all the dispensary located in Denver's Vibert Highlands neighborhood and 7,200 square foot of indoor cultivation capabilities
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2022 Q2
16 Aug 22
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