US Tier 1 LP’s: Implied Breakeven to + Net Operating Profit

As we finally start getting "clean" (eg. with no need to back-out 9 month YTD from Annual Reports) Quarterly earnings reports from recently public US MSOs, we can start doing Peer Comparisons and Trend Analysis. And boy howdy, do I have a lot of graphs coming your way. This one is what the implied Breakeven Sales required to evidence a positive Net Operating Profit. As you can see, both Trulieve and CWEB have already achieved +NOP, so they are under 100%. If you remember the North American Gross Margin Peer I hung up early this week... you can see why I am harping on…

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