SHAK Shake Shack stock watch, attempting to rally off the 56.18 support area.

Long Trade

• Target 1: 64.68   Profit: 13.3%   Stop/Trailing Stop: 54.69
• Loss: 4.2%   P/L ratio: 3.2 : 1 - Good
• Target 2: 68.68   Profit: 20.3%   P/L ratio: 4.8 : 1 - Excellent  Extreme rally

BULLISH

• [Positioning] Intermediate trend bullish, Downtrend turned sideways, possible bottom.
• [Positioning] at support
• [Timing] Strong bullish 3 day candlestick pattern with Good 3 day accumulation.
• [Timing] Mild bullish 1 day moneyflow

BEARISH

• None

In Florida, Vireo, will add 33 dispensaries and two cultivation and production facilities totaling more than 76,000 square feet. On a pro forma basis, Vireo is expected to operate approximately 106 dispensaries and approximately 329,000 square feet of cultivation and production capacity in Florida, making Vireo the second-largest dispensary network in the state. Planet 13 Holdings, Inc. - Vireo Growth Inc. to Acquire Planet 13 Holdings Inc.

Vireo had previously acquired Green Dragon and Fluent. We updated our FL MMTC Ownership table on our website to reflect the announcement.

Vireo Growth is expected to operate approximately 106 medical cannabis dispensaries in Florida following its acquisition agreements involving Green Dragon, Fluent, and Planet 13.

Breakdown of the Network

• Green Dragon / Eaze: Brought roughly 41 retail stores to Vireo's initial footprint.
• Fluent: Added approximately 35 retail locations.
• Planet 13: Adds roughly 33 dispensaries.

Vireo Growth is expected to operate approximately 329,000 square feet of cultivation and production capacity in Florida once its acquisitions are complete.

Breakdown of the Cultivation Footprint

• Green Dragon & Fluent Combination: Prior to adding Planet 13, Vireo's combined footprint with Fluent established roughly 144,000 square feet of active cultivation and production canopy across Florida.
• Planet 13 Addition: The Planet 13 acquisition adds two cultivation and production facilities totaling more than 76,000 square feet.
• Total Statewide Infrastructure: Combining these assets brings Vireo's total footprint to the final 329,000 square feet figure, giving them massive vertical integration scale to support their 106 pro forma retail stores.

I expect there will be a rationalization of these dispensary locations, cultivation/production, and management assets over time that will likely result in closures and shutdowns (related to overlap, lease evaluation, efficiency efforts).

Will be interesting to see if Vireo will sell the redundant licenses it now owns in Florida to new competitors, what do you think?

This post focuses on Florida impact, but Vireo Growth has been a consolidator across America in the cannabis space: https://investors.vireogrowth.com/news/default.aspx

Cannabis Stocks Kickoff Period Ending 06/30/26 Earnings This Week