Top 3 Takeaways from the Latest Cannabis Earnings Season | Trade to Black
Top 3 Takeaways from the Latest Cannabis Earnings Season | Trade to Black
In this episode of the Trade to Black podcast, Shadd Dales and Anthony Varrell welcome Cresco Labs (OTCQX: CRLBF) CEO Charlie Bachtell to discuss the company’s Q4 and full Fiscal 2024 results.
Cresco Labs posted $724 million in annual revenue, reflecting a 6% decline from the previous year, but demonstrated resilience by maintaining adjusted gross profit levels consistent with 2023. Adjusted EBITDA improved 15% year-over-year, reaching $200 million, while operating cash flow rose $74 million to $132 million. Capital expenditures were managed at $20 million, and the company reduced its debt by retiring $40 million of its 2026 note in Q4.
Despite these achievements, Cresco faced challenges, including price compression in key markets like Illinois and Pennsylvania, which impacted wholesale revenue and margins.
We learn what the 3 main takeaways from Cresco Labs’ earnings, as well what cannabis investors should avoid focusing on in the cannabis industry in 2025.
Plus, Viridian Capital Advisors CFA, Frank Colombo joins us again to recap the latest cannabis earnings season. He’ll highlight standout performers, address ongoing concerns in the sector, and share his perspective on what investors should focus on moving forward.
0:00:00 – Introduction
0:01:23 – Cannabis Market Updates
Charlie Bachtell Interview
0:02:41 – Cresco Labs Earnings
0:05:27 – Kentucky Market Analysis
0:10:38 – Industry Earnings Takeaways
0:15:38 – Legislative Discussions
Frank Colombo Interview
0:20:51 – Cannabis Industry Overview
0:21:05 – Earnings Season Recap
0:27:46 – Industry Growth vs. Decline
0:29:37 – Pennsylvania Market Potential
0:32:04 – 280E Reform & Rescheduling
0:33:47 – AYR Wellness & Verano Issues
0:43:23 – Glass House Discussion
0:46:00 – IIPR & PharmaCan Deal
0:52:14 – Debt Insights w/ Cacioppo
0:53:23 – IIPR Portfolio & Dividend
0:56:06 – Texas Medical Cannabis Growth
0:57:24 – Closing & Personal Interests
#stockmarket #cannabisstocks #cannabisearnings #stocks #earnings #topcannabisstocks #potstocks #weedstocks #cannabis #marijuana #cannabistrends #cannabisnews
Want to see last week’s recap?
Want to see more Cannabis Reform videos?
Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter!
https://newsletter.thedalesreport.com/subscribe
Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web:
Facebook: https://www.facebook.com/TheDalesReport
Twitter: https://twitter.com/TheDalesReport
Instagram: https://www.instagram.com/dalesreport
LinkedIn: https://www.linkedin.com/company/the-dales-report/
Apple Podcasts: https://tinyurl.com/TDRTradetoBlackonApplePodcasts
Spotify: https://tinyurl.com/TDRTradeToBlackonSpotify
Website: https://thedalesreport.com/
For copyright matters, please get in touch with us at:
sdales@thedalesreport.com
All views on the Trade To Black podcast and the guests on this podcast are purely opinions. You should not treat any opinions expressed by us or our guests as investment advice. The views on this podcast are solely intended to be informational and are not investment advice. Please go to our website for a full list of disclosures and details of any client relationship we have.
https://thedalesreport.com/website-terms-of-use/
Difficult to trust anything that comes out of a firm that is "pay to play". It’s just sleazy. A cannabis company shouldn’t have to pay Viridian for positive coverage. I worked for reputable firms on the street for a long time and in the industry it is frowned upon. They are getting away with it because its cannabis.
an interesting week, yep
Well, for all the innocent victims of alcahol, like Jody Chavez, mother of 7, i think we owe it to them to make sure everyone has their freedom to choose what is obviously a safe alternative, peace 🤔🙏💚🐈🕊️✌️
Another great show. Thanks.
While I was babysitting my 1 year old granddaughter this morning I had the show live on my phone….my granddaughter points to Anthony and goes "Dada!"😂
This industry is quickly dying. Almost all these cannabis stocks will be fractions of a penny
"What’s up with Indiana?" Yeah, sucks here. Surrounded by "hemp" and other nonsense. A lot of people go up to Michigan. Also, SNDL (Goodblend through Sunstream USA) is one of those 3 TX licenses.
Curaleaf is getting killed 😮
No mention of ACB. No debt, $200m in the bank & $27m free cash flow last earnings.
The irony of Cresco breaking all time lows today
Holy moly is Cresco down… They were at two dollars a share and now they are at $.70 a share.
Listen Cresco… The meaning of insanity is to do everything wrong over and over again and hoping that it will become right. It’s time to rethinkwhat you’re doing.
Good show gentlemen
They didn’t just issue debt they secured the best financing in the industry. What does that say about what the market thinks of Glasshouse’s balance sheet. The shelf Frank keeps bringing up is a positive thing. They are not selling stock at todays price! They have the ability to inexpensively sell shares when they feel the market price is right.
Charlie – he’s one the heads of the Cannabis round table, correct? And he can’t point to one thing that’s been progressed federally ?
Is Tilray an "out-of-the-money" option? Like AYR?
So is federal rescheduling out the window for 2025? This constant carrot on a stick isn’t healthy.