Industry Proficiency: Big Cannabis Companies Are Getting Better At Costs, Here's How
Portfolio Pulse from Rolando García
U.S. multi-state operators (MSOs) in the cannabis industry are showing improved cost efficiency in Q2 2024, with six out of the top eight MSOs reducing their cost of goods sold (COGS) as a percentage of revenue. Companies like Green Thumb Industries, Curaleaf, Trulieve, Verano, Cresco Labs, and Ascend Wellness have managed to lower their COGS and selling, general, and administrative (SG&A) expenses, indicating better operational efficiency. However, AYR and TerrAscend faced increased COGS, highlighting operational challenges.
August 12, 2024 | 11:35 pm
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NEGATIVE IMPACT
AYR faced increased COGS in Q2 2024, indicating operational challenges.
AYR's increase in COGS suggests operational challenges, which is likely to negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
TerrAscend faced increased COGS in Q2 2024, indicating operational challenges.
TerrAscend's increase in COGS suggests operational challenges, which is likely to negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ascend Wellness has shown improved cost efficiency by reducing its COGS and SG&A expenses in Q2 2024.
Ascend Wellness' reduction in COGS and SG&A expenses suggests better cost management, likely leading to positive short-term stock performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Cresco Labs has managed to lower its COGS and SG&A expenses in Q2 2024, reflecting better cost management.
Cresco Labs' reduction in COGS and SG&A expenses suggests improved operational efficiency, which is likely to positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Curaleaf has managed to lower its COGS and SG&A expenses in Q2 2024, reflecting better cost management.
Curaleaf's reduction in COGS and SG&A expenses indicates improved operational efficiency, which is likely to positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Green Thumb Industries has reduced its COGS and SG&A expenses in Q2 2024, indicating improved operational efficiency.
Green Thumb Industries' reduction in COGS and SG&A expenses suggests better cost management and operational efficiency, likely leading to positive short-term stock performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Trulieve has shown improved cost efficiency by reducing its COGS and SG&A expenses in Q2 2024.
Trulieve's reduction in COGS and SG&A expenses suggests better cost management, likely leading to positive short-term stock performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Verano has reduced its COGS and SG&A expenses in Q2 2024, indicating improved operational efficiency.
Verano's reduction in COGS and SG&A expenses indicates better cost management, likely leading to positive short-term stock performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80