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I'm a shareholder. Regarding the divistiture required due to the merger, Do you know if Cresco could package the stores and do a spinoff of an IPO,? It seems Cresco could get a ton of money that way instead of relying on bids for the stores in a tough retail market.
We had many options available to us. As we said on our most recent call, we have been pleased with the response from potential buyer for the assets (more than just stores!) and have multiple offers for each asset and are moving toward definitive agreements. We have said we are comfortable that proceeds will likely come in north of $300 million gross.
Megan
August 15, 2022
Quarterly Revenue of $129.6 Million, an Increase of 5% QoQ and 18% YoY
Gross Profit of $50.8 Million, an Increase of 17% YoY
Adjusted EBITDA1 of $12.0 Million and YTD Adjusted EBITDA Margin1 of 11%
Expected to Be Last Quarterly Results before Announcing Divestitures Related to Combination with Cresco
and a big presence in New Jersey \ AND New York