Based on its current EBITDA run rate, Cresco Labs is valued at around 6x EBITDA, which is more or less in line with Trulieve's valuation. It should be noted that Cresco Labs is not expected to be profitable on a GAAP net profit basis this year, due to depreciation, taxes, interest expenses, etc. That's to be expected and holds true for almost all cannabis companies, however. Thanks to its encouraging growth and solid EBITDA margins, Cresco Labs should be able to reach GAAP profitability in the not too distant future, we believe.