As a Jushi shareholder, I’ll also add that execs and other insiders were responsible for contributing $45 million of the first $250 million in capital raised by the company. When the financial interest of insiders align with that of shareholders, good things happen more often than not.
GrowGen, as the company is better known, operates retail hydroponic and organic gardening centers in 13 states. Though the hydroponic (i.e., growing plants in a nutrient-rich water solvent), soil, nutrient, and lighting solutions offered by the company are helpful for consumers and enterprises of all industries, it’s of particular use to increasing crop yields for cannabis growers. Thus GrowGen is often viewed as a marijuana stock.
With the company on the verge of recurring profitability and gobbling up a significant portion of Nevada’s weed sales with just a single location, it has the look of a no-brainer buy.
To keep with the theme here, Jushi has a unique two-pronged strategy for growth.
Ancillary cannabis plays haven’t fared nearly as well as I or other pundits would have expected. But one that looks ripe for the picking in 2022 is GrowGeneration (NASDAQ:GRWG) .
With sales growth expected to top 50% in 2022, Trulieve looks like a bargain at roughly 26 times estimated earnings per share.
First, it’s targeting a number of limited-license markets, like Pennsylvania, Illinois, Massachusetts, and Virginia. A limited-license state limits how many dispensary licenses are issued in total and/or to a single business. For big companies with deep pockets, limited-license markets can be a nuisance. But for Jushi, which has just 28 operating dispensaries nationwide, these limitations provide some degree of protection, allowing it to build up its brands and garner a loyal following.
But what really allows Cresco Labs to stand out is the company’s industry-leading wholesale operations. Wall Street isn’t a big fan of wholesale cannabis because the margins aren’t anything to speak of next to retail cannabis. But Cresco Labs can make up what it loses in margin with insane volume. That’s because it holds one of only a small handful of cannabis distribution licenses in California. This license allows it to place its proprietary pot products into more than 575 dispensaries throughout the Golden State.
Instead of setting up shop in as many legalized states as possible, Trulieve focused most of its attention on Florida’s medical marijuana market. As of Dec. 30, Trulieve had 160 operating dispensaries nationwide, 112 of which were in the Sunshine State. Saturating Florida has allowed Trulieve to gobble up half of the state’s dried cannabis flower and oils market, all while keeping its marketing budget relatively low. The result: three consecutive years of profitability in an industry where only a handful of companies are currently profitable.
Herbies Seeds shop is another top-rated seed bank for variety. This is especially for those who might want high-yielding and fast flowering cannabis seeds. Other than the many options, including feminized seeds and auto-flowering marijuana seeds, you can also consider beginner seeds to get you started in the field.
4. Herbies Seeds Shop