Cresco CEO Comments on M&A After Rescheduling | TTB Presented by Flowhub

Trade to Black, presented by Flowhub, wraps up a busy week of cannabis earnings with host Shadd Dales bringing on Charlie Bachtell, CEO of Cresco Labs (OTCQX: CRLBF).Bachtell breaks down the company’s second quarter results, revenue came in at $173 million, up roughly 15% sequentially, with net income swinging to $16.8 million, partly driven by a $26.7 million tax benefit tied to rescheduling and the related Section 280E changes. Adjusted EBITDA landed at $40 million, up around 20% sequentially, and the company generated positive free cash flow for the quarter. Bachtell also gets into what’s driving that growth, retail integration in Pennsylvania, adult-use momentum in Ohio, and early revenue in Kentucky.Plus we get Charlie's take on M&A and whether he expects deal activity to accelerate once cannabis is fully rescheduled, a timely question given the ongoing speculation around Cresco itself as a potential acquisition target.In segment two, special guest host Seth Yakatan joins us to react to Trulieve’s (NYSE: TRLV) results along with a look at NewLake Capital’s (OTCQX: NLCP) latest print. NewLake posted $12.1 million in revenue, with AFFO of $0.49 per share, while maintaining a conservatively leveraged balance sheet and a $0.43 per share quarterly dividend.Shadd and Seth close out the episode with the key takeaways from a loaded week of cannabis earnings.Like, subscribe, and leave your comments!#Cannabis #CannabisIndustry #MSOS #CannabisStocks #CannabisEarnings #CrescoLabs #CharlieBachtell #CannabisMA #Trulieve #NewLakeCapital #CannabisRescheduling #CannabisInvesting Want to see more Cannabis Reform?🎬    • Trump Administration Pushes Back on Hemp B...  🎬    • Talarico Calls Texas Hemp Ban “Insane” | T...  🎬    • Daily Cannabis Use Passes Alcohol, Cigaret...  🎬    • Former AG Bill Barr Slams Cannabis Resched...  Want to stay updated on Cannabis, Small Cap, AI, and Crypto?Subscribe to our Daily Baked newsletter:https://newsletter.thedalesreport.com...Find us on social media and podcast platforms:✅ Facebook:   / thedalesreport  ✅ Twitter:   / thedalesreport  ✅ Instagram:   / dalesreport  ✅ LinkedIn:   / the-dales-report  Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon...Spotify: https://tinyurl.com/TDRTradeToBlackon...Website: https://thedalesreport.com/For copyright matters, contact:[email protected] Disclaimer (Financial Interests)The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice.The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions.By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions made based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...