Cost ManagementThe Company reduced SG&A costs by 4.9% q/q, even while maintaining the #1 position in core markets such as IL, PA and MA, and as transactions grew by 4% y/y.
Growth DriversCresco has a compelling pipeline of growth drivers including the launch of adult-use sales in Ohio, the potential for Florida and Pennsylvania to convert to an adult-use market, the ramp up of New York’s adult-use program, and entering new state markets likely through M&A.
Strategy And Financial PerformanceThe Company's revised strategy which focuses on profitable growth in core markets and making improvements to its manufacturing assets to produce high quality cannabis products at low cost is bearing fruit.