Cannabis brand with annualized revenue run-rate of $70M and 25%-30% EBITDA margins. Products include vapes, packaged flower, edibles and pre-rolls sold at 700+ retailers in CA, MI, and OK.
Tidal's two announced investments (Diem, AltMed) seems to be doing pretty well. I'd say they are logical acquisition targets for RWB to increase its footprints in MA, OR, and FL.
AltMed opened its first store in June 2018, near its cultivation facility in Apollo Beach. Its reach now extends from Pensacola to Deerfield Beach. Locally, it complements its Lakewood Ranch operation with dispensaries on Fruitville Road in Sarasota and Tuscola Boulevard in North Port. Its growth surge has transformed AltMed into one of Florida’s top five retailers. AltMed opened the doors of its 23rd Florida dispensary (MUV) early July, its 12th this year. AltMed counts more than 50 products in its inventory, and is working with more than 50 genetic lines of marijuana.
Tidal's two announced investments (Diem, AltMed) seems to be doing pretty well. I'd say they are logical acquisition targets for RWB to increase its footprints in MA, OR, and FL.
AltMed opened its first store in June 2018, near its cultivation facility in Apollo Beach. Its reach now extends from Pensacola to Deerfield Beach. Locally, it complements its Lakewood Ranch operation with dispensaries on Fruitville Road in Sarasota and Tuscola Boulevard in North Port. Its growth surge has transformed AltMed into one of Florida’s top five retailers. AltMed opened the doors of its 23rd Florida dispensary (MUV) early July, its 12th this year. AltMed counts more than 50 products in its inventory, and is working with more than 50 genetic lines of marijuana.