Cost ManagementThe Company reduced SG&A costs by 4.9% even while maintaining the #1 position in core markets such as IL, PA, and MA, and as transactions grew by 4%.
Financial PerformanceThe successful execution of this strategy is evident after stringing together three consecutive quarters of strong adjusted EBITDA beats, generating higher than anticipated revenue, and displaying a remarkable improvement in FCF generation.
Growth DriversCresco has a compelling pipeline of growth drivers including the launch of adult-use sales in Ohio, potential for Florida and Pennsylvania to convert to an adult-use market, and the ramp up of New York’s adult-use program.