Asset EnhancementThe Cannabist Company announced several initiatives to enhance its asset base, including partnering more with third-party brands, shifting its product mix, and prioritizing core high-growth markets.
Financial PerformanceCannabist showed progress towards its target in Q124, expanding adj. EBITDA margins by 277bps over the quarter.
Market ExpansionAs adult-use sales commence in key states, The Cannabist Company should experience an improvement to its margin profile by leveraging existing infrastructure to capitalize on an expanding market.