Out Of Pocket: Which U.S. Cannabis Company Owes The Most Money In 2024?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 02 2024
0mins
Source: Benzinga
Debt Analysis of Cannabis MSOs: A report by Pablo Zuanic highlights the significant debt maturities faced by multi-state operators (MSOs) in the cannabis industry, particularly noting Ascend Wellness's recent $235 million refinancing despite a higher interest rate, which alleviated immediate financial pressure.
Tax Liabilities and Financial Health: The analysis reveals that several MSOs, including 4Front Ventures and StateHouse, have high income tax debts relative to their sales, indicating potential cash flow issues, while also emphasizing the ongoing impact of IRS regulations on tax deductions for marijuana businesses.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
