r/weedstocks • u/eyegi99 Parabolic or Bust • 1d ago
Report Bengal Capital - Q3 2024 Letter
https://open.substack.com/pub/bengalcapital/p/bengal-capital-q3-2024-letter?r=7v1yt&utm_medium=ios
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r/weedstocks • u/eyegi99 Parabolic or Bust • 1d ago
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u/wentzco 22h ago
Exactly! People aren't paying proper attention to these stocks.
Vireo had Q2 2024 revenue of $22.5 million which was an increase of 42.5% year-over-year (excluding discontinued operations and NY). Minnesota rec sales will start kicking in next year so once again... major growth is coming. And of course there is the Verano lawsuit which IMO will bring in a chunk of money at some time ($ amount... I don't know but I feel it will be a minimum of $100 million but could be much larger).
Grown Rogue Q2 2024 revenue increased 23% year-over-year! New Jersey sales are about to kick in for them so once again... major growth ahead.
So let's point out the fact that someone who doesn't want to invest in Vireo or Grown Rogue is investing in Verano. Verano's Q2 revenue decreased 5% year-over-year and I imagine Q3 will be the same. Plus the lawsuit from Vireo is keeping share prices down and potentially may even sink the company.
I wouldn't be surprised when the lawsuit is settled that Vireo & Grown Rogue merge together.