Stock symbol for twitter11/8/2023 ![]() ![]() “It shows we’re seeing a little bit of growth from new stores in existing states, because not much exciting has turned on and because of some improving prices, especially in California.”īut prices aren’t improving or stabilizing everywhere quite yet - one example of how fragmented state markets make it increasingly difficult to generalize about MSO performance, Redmond warned.Ĭore market focus, managing challenging statesĬhicago-based Cresco Labs and New York-headquartered Columbia Care - whose planned merger was called off in July - both reported less-than-stellar results for the second quarter.Ĭresco’s revenue fell by more than 9% in the second quarter year-over-year, and Columbia Care’s year-over-year revenue results were flat.Ĭresco’s net loss was $43.5 million, widening from $27.8 million in the first quarter and $8.3 million year-over-year.Ĭharlie Bachtell, founder and CEO of Cresco Labs, said the company is focused on its core markets, stores, brands and products while winding down poorly performing assets in California and Maryland as well as cutting corporate costs. “So that’s not terrible,” he told MJBizDaily. Still, the top six MSOs generated an average of 1.6% quarter-over-quarter revenue growth and 6.5% quarter-over-quarter adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) growth, Redmond said. ![]() Many MSOs cut costs in recent quarters, promising to “optimize” operations to generate cash and avoid borrowing at high interest rates.īut those efforts could also have slowed growth, said equity analyst Jesse Redmond, the head of the cannabis sector at Florida-based Water Tower Research. (Although the recent news that health officials in the Biden administration recommended that marijuana be reclassified from a Schedule 1 substance to Schedule 3 is encouraging for the industry.) In fact, despite its impressive growth as a social media platform, Twitter stock was worth more in January 2014 than it was when Elon Musk took it over.Also, the slow pace of reform at the federal and state levels is stunting growth opportunities, according to operators and analysts. As you can see, Twitter stock didn’t increase significantly over the nearly 10 years that it was publicly traded. Twitter Stock Price Chartīelow is the historical Twitter stock price chart from 2013 to 2022. It will likely be available within 3-5 years, according to Elon Musk’s timeline. To reiterate, there is no Twitter stock symbol to purchase at this time.
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