(This story is part of MJBizDaily’s premium subscription service, Investor Intelligence.)
Location matters for cannabis dispensaries, but so does the business model. And a showdown on the Las Vegas strip is a great illustration of how this plays out.
The acquisition of Tryke Cos. by Cresco Labs (CSE: CL) provides great sales, profit margin and valuation comps for Planet 13 (OTC: PLNHF), which has its main “experience” dispensary literally across the street from Tryke’s Reef Dispensary.
Tryke has higher sales per foot and margins and is already at scale, but Planet 13 equity could rise about 60% if it achieves its goals.
Read more about how to this showdown could play out at Investor Intelligence.