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No. of Recommendations: 1
CCHWF seems to be on the track of where I thought Acreage Holdings was going to go a few years back.
NY, NJ, and other states continue to authorize adult use.

They are an MSO focused on US, which will be the biggest market eventually.
While it is likely skewed due to acquisitions, they are showing growth and positive EBIDTA.

Small allocation, and hoping to get in even lower. Recently hit $3.50 which was a low that it bounced hard off of...may or may not have signaled a bottom. In at $3.89 for .5% allocation to start.

Recent SA articles (bulls)

Recent ER CC

CEO discussion with TMF this past week:

"Volkman: The marijuana industry is still chronically unprofitable. When might we expect consistent bottom-line profits from Columbia Care, and how will this be achieved?

Vita: This is starting to change.

Columbia Care has been EBITDA-positive since the third quarter of 2020, and we are seeing improving trendlines for gross and EBITDA margins. Our EBITDA margin improved from 11% to 15% sequentially as of Q2. Out of the 15 markets that are currently operational, 12 generated positive EBITDA and 11 markets generated positive cash flow from operations in Q2, excluding contribution from [Green Leaf Medical].

This industry is in early innings, and we are just getting started.

We've been in a building period through strategic acquisitions and perfecting our vertical integration in our existing markets and are already starting to see the results of those initiatives in our bottom line.

Until [federal legalization] happens, the industry will continue to face challenges on the consumer side. Payment options are limited, which is why we introduced a credit card -- but until someone can open their wallet and pay with their preferred method, we feel the impact.

As we've experienced in many of our markets, making medical and recreational cannabis more accessible through the easing of state restrictions will help drive foot traffic and sales."

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