Retail Outlook For 2023: Exploring California's Cannabis Landscape With Z&A's Analyst Report
Portfolio Pulse from Nicolás Jose Rodriguez
Z&A's latest report explores the retail landscape of the cannabis market in California, highlighting significant revenue variations among counties. The report also notes that the size of retail operations and strategic location are crucial for success. The California cannabis market experienced an 11% YoY drop in 3Q23, followed by a 6% sequential decline. However, sales appear to be stabilizing after a surge in 2021. The report also mentions StateHouse (OTC:STHZF) and Gold Flora (OTC:GRAM), suggesting that with the right strategies, these companies could achieve impressive revenue per store figures.
October 05, 2023 | 4:08 pm
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Gold Flora, the result of a merger between Gold Flora and The Parent Company, has 15 stores and reported proforma revenues of $68 million for 1H23. The report suggests that Gold Flora could approach over $7 million in revenue per store in the California cannabis market.
The report suggests that Gold Flora could potentially achieve high revenue per store in the California cannabis market, which could positively impact its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
StateHouse, with 15 stores in California, reported $25.3 million in 2Q23 sales. The report suggests that considering county averages, StateHouse could potentially achieve around $8 million in revenue per store.
The report suggests that StateHouse could potentially achieve high revenue per store in the California cannabis market, which could positively impact its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80