Posted 2023-01-19T15:31:02, updated 2023-01-22T16:26:35 18 0.9897 weedstocks

There's so much wrong with your comment it's hard to know where to start. I realize you're a salty bag-holder, but best to try to keep emotions out of investing. ​ 1. The CEO didn't get a $100M bonus. That's just total BS. Please stop spreading lies. At the time of the announcement, Vita's stock converting to Cresco stock (the bulk of the "$"), a change-in-control benefit (has been on the books since 2019), plus accelerated vesting of Vita's stock options totaled approx. $100M. Given that the price of CC and CL have dropped by 60+% since the announcement, it's likely he'll end up with under $50M. BUT!!!!! It's important to remember that this isn't "NEW" money. It's mostly just the value of his already owned stock converting to Cresco stock. Calling that a "bonus" is total bullshit and extremely deceptive. Dude is a major CC shareholder. That doesn't just magically disappear. 2. Dropping 3rd party brands is probably a net benefit to CC. Cresco did this in California too. Those 3rd party brands help boost total revs, but have absolute shit margins that are either in the single digits or possibly negative right now. Focusing on their own brands and that of Cresco's great brands is the right move. 3. Extra inventory? this may have played a factor in CC's decision to drop 3rd party brands so that they can focus on reducing inventory. 4. Vertical integration. "They're stuck with it"??? Huh? Vertical integration is basically the only way to make money in this industry right now. 5. Colorado was already destroying their revenue. Their other states are growing revs well, but the entire company is being held down by Colorado. They needed to alter their Colorado strategy. Their changes here and particularly in regard to the change in strategy wrt Colorado are a big improvement to their operations. Complaining about this is a strange way to take the news. These are good changes.