The “Big Four” have been expanding their footprint, making you money along the way…
I predicted some major market movements would go down in the cannabis industry in 2022, and the United States‘ top operators are already proving me right.
Our “Big Four” multistate operators (MSOs) have been busy making huge money moves to put themselves ahead for what’s shaping up to be cannabis’s biggest year yet.
This includes acquisition deals, entry into new markets, footprint expansions – the works.
And with each money move one of your pot stocks makes, the closer you get to cashing out that gain.
Here are the biggest money moves recently made by NICI’s “Big Four,” plus a bonus deal from a slightly smaller MSO that’s quickly moving up in the ranks…
1. Curaleaf Holdings Inc. (OTC: CURLF)
Curaleaf’s top money move in December was its acquisition of Bloom Dispensaries, a vertically-integrated cannabis operator in in Arizona. This deal includes:
- Four dispensaries in Phoenix, Tucson, Peoria, and Sedona serving a combined population of 2.3 million residents…
- An additional 63,500 square feet of additional production capacity, which is almost the same size as the White House…
- And an additional $60 million in annual revenue.
Arizona is one of the country’s fastest-growing cannabis markets, producing $1.1 billion in combined medical and recreational sales in just the first 10 months of 2021. After this deal closes, Curaleaf will have a total of 16 storefronts in Arizona, totaling 128 nationwide.
There’s only one other company that rivals Curaleaf in Arizona’s booming cannabis market – click here to find out who.
2. Cresco Labs Inc. (OTC: CRLBF)
Cresco’s top money move last month was its acquisition of Laurel Harvest, a vertically-integrated cannabis operator in Pennsylvania. The deal includes:
- One operational dispensary in Montgomeryville, a second location currently under construction in Scranton, and the ability to open an additional four dispensaries across the state…
- Approximately 52,000 square feet of indoor cultivation/processing space…
- And an academic clinical research partnership with Temple University with six ongoing cannabis research studies.
Currently, Pennsylvania’s cannabis market is medical-only, but its one of the top states on my 2022 legalization watch list (here’s why).
For comparison, when Illinois went from medical to recreational like PA will, its market surged 4X from $251 million in medical-only sales to over $1 billion in a matter of 12 months.
Meanwhile, Pennsylvania is starting at the $1 billion mark in medical sales alone.
Any additional acquisitions Cresco can make in this state before legalization is passed will pay off exponentially because medical operators are likely to receive a head start on recreational sales.
3. Green Thumb Industries (OTC: GTBIF)
Green Thumb’s top money move last month was its entry into the Minnesota medical cannabis market as one of only two vertical license holders in the state. Its acquisition of LeafLine Industries includes a cultivation facility and five retail locations, with the ability to open three more.
While this state’s cannabis industry is still small, the governor just permitted raw flower sales to begin last year, signaling a new day for its medical market. Entry into any new state, especially one with so much market exclusivity like Minnesota, is a huge win for Green Thumb.
And with this acquisition, Green Thumb now serves more than 50% of the country’s population in 15 state markets.
4. Trulieve Cannabis Corp. (OTC: TCNNF)
Trulieve’s biggest money move in December was actually a collection of them, opening four new locations in its flagship state of Florida, including two in the Tampa area, the state’s second-largest market.
With these four dispensaries, Trulieve now has a total of eight dispensaries in Tampa alone, 112 in Florida, and 160 nationwide.
Bonus: Verano Holdings Corp. (OTC: VRNOF)
I couldn’t write this list without mentioning Verano, who had one of my favorite money moves of the month.
The company recently closed its acquisition of two different cannabis operators in Connecticut – Caring Nature and Connecticut Pharmaceutical Solutions – affirming its vertical integration status in the state’s brand-new recreational market.
With this deal closing, Verano is now vertically-integrated in 10 of its 12 operational markets, and has 93 dispensaries nationwide.
Entry into this new market is just another indication of this company’s ability to rise through the ranks and compete with the “Big Four” at the top of the industry.
Also – did you see last week’s edition of NICI Snippets? Less than two weeks into the year, new legalization efforts are already taking state legislatures by a storm for 2022…click here to learn more.
To your investing success,
Executive Director, National Institute for Cannabis Investors
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