I

REGULATORY SCARCITY

60 cultivation licenses statewide. Structural supply constraint by design. The licenses are the asset

II

PREMIUM POSITIONING

No facility has defined the premium wholesale segment yet. That position is available to capture now.

III

REGIONAL DEMAND

1M+ Delaware residents plus cross-border demand from Philadelphia and Baltimore metro areas.

IV

RETURN PER SQUARE FOOT

Every decision optimizes yield efficiency, quality consistency, and margin — not total volume.