Retail Expansion (Ohio)Ohio retail expansion and proven drive-thru formats create a durable revenue engine. Increasing store count and convenience offerings raise customer frequency and geographic scale, diversifying revenue away from mature markets and supporting steady topline growth and unit economics over time.
Consistent Operating Cash GenerationSustained positive operating cash flow and modest free cash flow growth signal improving cash conversion despite losses. This reduces reliance on external financing, funds capital-light expansion, and provides a runway to invest in yield improvements and retail growth while management works to restore profitability.
Cultivation Yield ImprovementsMeaningful yield gains from cultivation lower unit production costs and improve gross margin potential. If scaled, the pilot yield outperformance materially reduces COGS, supports both wholesale and retail margins, and strengthens competitive positioning through consistent, lower-cost supply over multiple quarters.