2023年8月15日

该公司形容继承IIP租赁惩罚性。在电话会议上讨论该公司最新的收益时,哥伦比亚保健(场外:CCHWF) (Cboe: CCHW)听起来像手铐了现在Cresco实验室信天翁从脖子一直打开。而哥伦比亚保健积极评价很多州——甚至加利福尼亚和科罗拉多——纽约仍然是一个问题儿童。季度的额外的挑战也来自一些继承的高价租赁创新工业属性。没有莫Cresco而处理Cresco实验室不再是放在桌上,有一些积极的过程。哥伦比亚保健指出,例如,需要深入了解公司是如何操作的一部分试图交易。锻炼似乎奏效。该公司表示,计划根据这些信息做出一些改变,比如关注其批发业务。Jesse Channon首席商务官表示,许多公司的计划已经被搁置因为即将到来的交易,但现在,该公司将加速创新。“我们不再停顿,我们从未失去了大局,”他说。州的州两州Col-Care活跃——加州和科罗拉多没有尽快其他市场增长,根据首席执行官尼古拉斯•维塔,但是他们变得更好。 And the company has solid hopes for them despite having already made cuts there. The market in California has been stabilizing, the company noted, a fact that has been overshadowed by the larger growth stories in other states. In Colorado, a significant number of cultivation licenses are either dormant or not renewed, and the company believes that’s going to continue. While at first glance, seems like a negative, ultimately it’s not. “If you look at the lack of outdoor growth that’s taking place this year, which typically has a disproportionate downside impact on pricing for the balance of the year and into Q1, all of these look like if you aggregate them up into a more opportunistic landscape for us on a go-forward basis,” President David Hart said. Vita also continues to be optimistic about Maryland. “We’re also mindful of the fact that putting our own product on our own shelf results in the highest gross margin opportunity for us in the near term,” he said. ” … But we continue to be as wide open to make sure we’re being balanced in terms of building brand recognition not only in our doors, but also in the wholesale market.” The toughest criticism was lobbed at New York, where Columbia Care expects to be eligible to enter the adult-use market in the fourth quarter – but Vita isn’t counting on that. “Should that be a 2024 impact? It should. But we’re not in a place where we have any visibility into what New York is thinking,” he said. Vita went on to describe the New York program as open but not functioning and that the only beneficiaries have really been the illicit market operators. The Rent is Too Damn High Through a variety of deal, Columbia Care also inherited some leases with Innovative Industrial Properties (NYSE: IIPR) that are beyond market rates. “Our best guess is that those sale-leasebacks are somewhere north of 300 basis points to 500 basis points ahead of where we would be paying if we had just traditional debt structures in place,” he said. “We’ve already reached out to them to sort of see how we can find a collaborative pathway forward and actually find a more market rate sort of structure that would make sense for us to sort of continue those relationships,” he added. If what Vita is saying is true, it could mean more bumps ahead in the road for the rent being collected by IIP.