Aging is inevitable, and for many, it signals the beginning of a new chapter - one where you cross off bucket list items and live life to the fullest, on your own terms. However, for some men, aging is a horrible prospect, filled with chronic fatigue, irritability, and inability to perform in the bedroom. If you're concerned about life in middle age and beyond, we've got great news: there are easy, proven steps that you can take to help stop the negative effect of aging.
Global Life Rejuvenation was founded to give men a new lease on life - one that includes less body fat, fewer mood swings, and more energy as you age. If you're ready to look and feel younger, it's time to consider TRT (testosterone replacement therapy), and growth hormone peptides. These therapies for men are effective, safe, and customized to fit your goals, so you can keep loving life as you get older.
TRT, and growth hormone peptide therapies bridge the gap between your old life and the more vibrant, happier version of you. With a simple click or call, you can be well on your way to a brighter future. After all, you deserve to be the one in charge of your wellness and health. Now, you have the tools to do so - backed by science and applied by our team of TRT and HRT experts with more than 13 years of experience.
For men, getting older comes with its perks, like living life on their own terms and not having to "sweat the small stuff" day in and day out. At the same time, there are aspects of aging that men dread, like hormonal changes. Yes, you read that right â men, not just women, go through hormonal changes as they age. For men, the biggest change involves a drop in testosterone.
Lower levels of testosterone can wreak havoc on a male's mind and body and when left untreated, can result in symptoms like:
Those symptoms are concerning, but with testosterone replacement therapy and anti-aging medicine, many males improve their quality of life with age. The good news is that TRT and anti-aging meds aren't only reserved for "old guys." In fact, there's no magic age at which men should start thinking about hormone replacement therapy. Everyone's body is different, so if you're experiencing the above conditions in your mid-30s, TRT could be a viable solution when you consult with a doctor.
Testosterone is a crucial hormone for men and plays an important role throughout the male lifespan. Most of a male's testosterone is produced through the testicles. Also called the male sex hormone, testosterone starts playing its part during puberty.
When a male goes through puberty, testosterone helps males develop:
As boys turn to men and men grow older, testosterone levels deplete naturally. Sometimes, events like injuries and chronic health conditions like diabetes can lower testosterone levels. Unfortunately, when a man loses too much T, it results in hypogonadism. When this happens, the testosterone must be replaced, or the male will suffer from symptoms like muscle loss, low libido, and even depression.
TRT is exactly what it sounds like: a treatment option for men that replaces testosterone so that your body regulates hormones properly and restores balance to your life. Also called androgen replacement therapy, TRT alleviates the symptoms that men experience with low T.
Originally lab-synthesized in 1935, testosterone has grown in popularity since it was produced. Today, TRT and other testosterone treatments are among the most popular prescriptions in the U.S.
Without getting too deep into the science, TRT works by giving your body the essential testosterone it needs to function correctly. As the primary androgen for both males and females, testosterone impacts many of the body's natural processes â especially those needed for overall health. For example, men with low T are more prone to serious problems like cardiovascular disease and even type-2 diabetes.
When your body quits making enough testosterone, it causes your health to suffer until a solution is presented. That's where TRT and anti-aging medicine for men can help. TRT helps balance your hormones and replenish your depleted testosterone. With time, your body will begin to heal, and many symptoms like low libido and irritability begin to diminish.
For men, aging is the biggest contributor to lower testosterone levels, though there are other causes like obesity, drug abuse, testicular injuries, and certain prescribed medications. Sometimes, long-term health conditions like AIDS, cirrhosis of the liver, and kidney disease can lower testosterone levels.
When a man's testosterone levels drop significantly, it alters his body's ratio of estrogen and testosterone. Lower testosterone levels cause more abdominal fat, which in turn results in increased aromatase, which converts even more testosterone into estrogen.
If you're concerned that you might have low T, you're not alone. Millions of men in the U.S. feel the same way. The best way to find out if your testosterone is low is to get your levels tested.
For sustainable testosterone replacement therapy benefits, you must consult with hormone doctors and experts like those you can find at Global Life Rejuvenation. That way, you can find the root cause of your hormone problems, and our team can craft a personalized HRT plan tailored to your needs.
Are you used to blasting through a productive day and accomplishing all your daily goals? Do you find yourself losing muscle mass and the craving to be intimate with your partner? Does your partner complain about how irritable you have become? If you're not usually a curmudgeon, your body could be giving you a sign. It could be time to speak with a doctor about TRT and anti-aging medicine for men in Rochelle Park, FL.
If you're experiencing any of the following symptoms, you might be battling against low testosterone:
One of the most common reasons that men choose TRT is because they have lost that "spark" with their partner. It's not easy for a man to hear that they're not performing like they used to. Intimacy is a powerful part of any relationship. When a once-healthy sex life dwindles, it can cause serious relationship issues.
The good news is that low libido doesn't have to be a permanent problem. TRT and anti-aging medicines help revert hormone levels back into their normal range. When this happens, many men have a more enjoyable life full of intimacy and sex drive.
Weak erections â it's an uncomfortable subject for many men in the U.S. to talk about. It's even worse to experience first-hand. You're in the midst of an intimate moment, and you can't do your part. Despite being perfectly normal, many men put blame and shame upon themselves when they can't achieve an erection. And while the inability to perform sexually can be caused by poor diet, obesity, and chronic health conditions, low testosterone is often a contributing factor.
Fortunately, weak erections are a treatable condition. The best way to regain your confidence and ability in bed is to speak with your doctor. Once any underlying conditions are discovered, options like TRT may be the best course of treatment.
Do you find it harder and harder to work out and lift weights in the gym? Are you having problems lifting heavy items that you once had no problem lifting?
Recent studies show that when men are inactive, they lose .5% of muscle strength every year, from ages 25 to 60. After 60, muscle loss doubles every decade. While some muscle loss is common as men age, a significant portion can be tied to low testosterone levels. When a man's T levels drop, so does his muscle mass.
Testosterone is a much-needed component used in gaining and retaining muscle mass. That's why many doctors prescribe TRT Rochelle Park, FL, for men having problems with strength. One recent study found that men who increased their testosterone levels using TRT gained as much as 2.5 pounds of muscle mass.
Whether your gym performance is lacking, or you can't lift heavy items like you used to, don't blame it all on age. You could be suffering from hypogonadism.
If you're like millions of other men in their late 20s and 30s, dealing with hair loss is a reality you don't want to face. Closely related to testosterone decline and hormone imbalances, hair loss is distressing for many men. This common symptom is often related to a derivative of testosterone called DHT. Excess amounts of DHT cause hair follicles to halt their production, causing follicles to die.
Because hair located at the front and crown is more sensitive to DHT, it grows slower than other follicles and eventually stops growing permanently. Thankfully, TRT and anti-aging treatments for men in Rochelle Park, FL, is now available to address hair loss for good.
While it's true that you can't change your genes, you can change the effects of low testosterone on your body. Whether you're suffering from thinning hair or hair loss across your entire head, TRT and other hormone therapies can stop hair loss and even reverse the process.
Also called "man boobs," gynecomastia is essentially the enlargement of male breast tissue. This increase in fatty tissue is often caused by hormonal imbalances and an increase in estrogen. For men, estrogen levels are elevated during andropause. Also called male menopause, andropause usually happens because of a lack of testosterone.
If you're a man between the ages of 40 and 55, and you're embarrassed by having large breasts, don't lose hope. TRT is a safe, effective way to eliminate the underlying cause of gynecomastia without invasive surgery. With a custom HRT and fitness program, you can bring your testosterone and estrogen levels back to normal before you know it.
Decreased energy was once considered a normal part of aging. Today, many doctors know better. Advances in technology and our understanding of testosterone show that low T and lack of energy often go hand-in-hand.
If you're struggling to enjoy activities like playing with your kids or hiking in a park due to lack of energy, it could be a sign of low T. Of course, getting tired is perfectly normal for any man. But if you're suffering from continual fatigue, a lack of enjoyment, or a decrease in energy, it might be time to speak with a doctor.
Whether you're having a tough time getting through your day or can't finish activities you used to love, TRT could help.
A study from 2011 showed that men who lose a week's worth of sleep can experience lowered testosterone levels â as much as 15%, according to experts. Additional research into the topic found almost 15% of workers only get five hours of sleep (or less) per night. These findings suggest that sleep loss negatively impacts T levels and wellbeing.
The bottom line is that men who have trouble sleeping often suffer from lower testosterone levels as a result. If you find yourself exhausted at the end of the day but toss and turn all night long, you might have low T.
TRT and anti-aging medicines can restore your T levels back to normal, which can help you sleep better with proper diet and exercise.
You're feeling down about everything, and there's no solid explanation for why you're in such a crummy mood. Your daily life is great and full of success, but you can't help but feel unexcited and unmotivated. If you're experiencing symptoms like these, you may be depressed â and it may stem from low testosterone.
A research study from Munich found that men with depression also commonly had low testosterone levels. This same study also found that depressed men had cortisol levels that were 67% higher than other men. Because higher cortisol levels lead to lower levels of testosterone, the chances of severe depression increase.
Depression is a very real disorder and should always be diagnosed and treated by your doctor. One treatment option gaining in popularity is TRT for depression. Studies show that when TRT is used to restore hormone levels, men enjoy a lighter, more improved mood. That's great news for men who are depressed and have not had success with other treatments like anti-depression medicines, which alter the brain's chemistry.
Ask anyone over the age of 50 how their memory is, and they'll tell you it wasn't what it used to be. Memory loss and lack of concentration occur naturally as we age â these aren't always signs of dementia or Alzheimer's.
However, what many men consider a symptom of age may be caused by low testosterone. A 2006 study found that males with low T levels performed poorly on cognitive skill tests. These results suggest that low testosterone may play a part in reducing cognitive ability. If you're having trouble staying on task or remembering what your schedule is for the day, it might not be due to your age. It might be because your testosterone levels are too low. If you're having trouble concentrating or remembering daily tasks, it could be time to talk to your doctor.
Why? The aforementioned study found that participating men experienced improved cognitive skills when using TRT.
Even though today's society is more inclusive of large people, few adults enjoy gaining weight as they age. Despite their best efforts, many men just can't shed the extra pounds around their midsections, increasing their risk of heart disease and cancer.
Often, male weight gain is caused by hormone imbalances that slow the metabolism and cause weight to pile on. This phase of life is called andropause and happens when there is a lack of testosterone in the body. Couple that with high cortisol levels, and you've got a recipe for flabby guts and double chins.
Fortunately, TRT treatments and physician-led weight loss programs can correct hormone imbalances and lead to healthy weight loss for men.
The benefits of hormone replacement therapy for men are numerous. TRT not only grants relief from low-T symptoms but can help give protection against age-related diseases. Additionally, doctors now recognize male testosterone as an important role in alleviating depression.
Some of the most exciting benefits of TRT can include:
Because men do not go through a specific period of hormonal changes like women do (called menopause), many doctors refer to "male menopause" as androgen decline. This is just another term for low testosterone, but like female menopause, the symptoms can be serious and affect your quality of life.
The best way to fight back against male menopause is with male HRT treatment from Global Life Rejuvenation. We provide the following HRT treatments for men:
Our treatment options are personalized for your body and are available as creams, gels, injectables, and implantable pellets. To find out if testosterone replacement therapy is safe for you, contact Global Life Rejuvenation today to schedule your comprehensive testing and anti-aging treatment consultation.
Growth hormone peptides are an innovative therapy that boosts the natural human growth hormone production in a person's body. These exciting treatment options help slow down the aging process and give you a chance at restoring your youth.
Sermorelin is a synthetic hormone peptide, like GHRH, which triggers the release of growth hormones. When used under the care of a qualified physician, Sermorelin can help you lose weight, increase your energy levels, and help you feel much younger.
Human growth hormone (HGH) therapy has been used for years to treat hormone deficiencies. Unlike HGH, which directly replaces declining human growth hormone levels, Sermorelin addresses the underlying cause of decreased HGH, stimulating the pituitary gland naturally. This approach keeps the mechanisms of growth hormone production active.
Benefits of Sermorelin include:
Ipamorelin helps to release growth hormones in a person's body by mimicking a peptide called ghrelin. Ghrelin is one of three hormones which work together to regulate the growth hormone levels released by the pituitary gland. Because Ipamorelin stimulates the body to produce growth hormone, your body won't stop its natural growth hormone production, which occurs with synthetic HGH.
Ipamorelin causes growth hormone secretion that resembles natural release patterns rather than being constantly elevated from HGH. Because ipamorelin stimulates the natural production of growth hormone, our patients can use this treatment long-term with fewer health risks.
One of the biggest benefits of Ipamorelin is that it is suitable for both men and women. It provides significant short and long-term benefits in age management therapies, boosting patients' overall health, wellbeing, and outlook on life. When growth hormone is produced by the pituitary gland using Ipamorelin, clients report amazing benefits.
Some of those benefits include:
Whether you are considering our TRT services, HRT for women, or our growth hormone peptide services, we are here to help. The first step to turning back the hand of time starts by contacting Global Life Rejuvenation.
Our friendly, knowledgeable TRT and HRT experts can help answer your questions and walk you through our procedures. From there, we'll figure out which treatments are right for you. Before you know it, you'll be well on your way to looking and feeling better than you have in years!866-793-9933
The DAK Group, a Rochelle Park-based investment bank specializing in middle-market mergers and acquisitions, on Wednesday said its client, Focus Forward Skilled Care, headquartered in Orlando, Florida, has been sold to Sonas Home Health Care, also of Florida.DAK served as the exclusive investment banker and financial adviser to FFSC, initiating and managing the entire transaction process. The DAK Group conducted a deep search identifying a number of exceptional st...
The DAK Group, a Rochelle Park-based investment bank specializing in middle-market mergers and acquisitions, on Wednesday said its client, Focus Forward Skilled Care, headquartered in Orlando, Florida, has been sold to Sonas Home Health Care, also of Florida.
DAK served as the exclusive investment banker and financial adviser to FFSC, initiating and managing the entire transaction process. The DAK Group conducted a deep search identifying a number of exceptional strategic acquirers, of which Sonas Home Health Care emerged as the superior partner to bring these two leading companies together.
FFSC is a multisite, pediatric home health care company that provides individualized, in-home care for medically complex children and infants throughout Central Florida, Tampa Bay and the I-4 Corridor, making it possible for them to stay where they belong — at home with the people who love them most. FFSC built a reputation for highest level of care for patients and families who are in great need and highly vulnerable.
Sonas Home Health Care will continue to work with FFSC founders Kat Sullivan and Thomas Messina as they look to grow the combined company and improve the already-high standard of care provided to its at-risk, pediatric patient population.
“The founders of Focus Forward Skilled have created a superior company, focused on providing both a high standard of care and strong patient experience while innovating revolutionary solutions for a high-acuity pediatric patient population. With this transaction, they will have the opportunity to extend their services to an even broader patient community by gaining a strategic partner to accelerate the company’s growth,” stated Melvyn Threatt-Peters II, vice president, who alongside Alan Scharfstein, president, and Alexander Slawinski, analyst, executed the transaction.
Brian Tobiasz named as president of Red Bank-based owner’s representative and general contracting company
First National Realty Partners LLC has expanded its in-house construction focus, adding R. Weber Construction to its vertically integrated platform. Industry veteran Brian Tobiasz has been appointed president of the Red Bank-based owner’s representative and general contracting company.
RWC will provide construction management and general contracting services to FNRP as well as third-party clients. This combined service model will enable FNRP to execute on construction activities at its own properties nationwide with greater efficiency, and offer tenants the same unified and effective construction services program for fit-outs at locations outside the FNRP portfolio.
“RWC has a different perspective on managing construction projects; we think like owners because we are owners,” Tobiasz stated. “We view projects from the client’s perspective and align our thought process with their goals to deliver a world-class project. In addition, we can provide a seamless platform of construction management and general contracting that will allow superior value-add building for our clients by pursuing their vision and managing project costs and schedule through all facets of the construction process.”
This announcement comes amidst a period of continued growth for FNRP, marking an expansion of the company’s real estate investment platform. Specializing in grocery-anchored, necessity-based retail assets from acquisition to disposition, FNRP oversees the entire investment lifecycle 100% in-house to ensure its properties achieve maximum value and partners realize exceptional, risk-adjusted returns.
According to FNRP’s Kurt Padavano, chief operating officer, increased demand for quality construction management services – both within FNRP’s own portfolio and industrywide – made RWC’s formal establishment a natural move. Further, the appointment of Tobiasz to lead its evolution was a natural choice.
“Brian is an accomplished professional with over 30 years of experience in ground-up development and redevelopment in the retail, office, industrial and residential sectors,” Padavano stated. “His track record of success working with real estate owners and developers, coupled with his operations and management expertise, makes him uniquely qualified to build the RWC team, processes and brand into a national platform, and infuse it with the ‘Treat It Like You Own It’ mindset that is central to FNRP’s company culture.”
Tobiasz has spent his career in the tri-state area, working on multiple projects as both a general contractor and owners representative. He rose through the ranks in the construction industry, assuming leadership positions that involved managing day-to-day business operations and developing strategies and processes to drive growth. Tobiasz also established his own construction management company, Tobiasz Management, which was later acquired by a national commercial real estate brokerage services firm.
Small businesses are at the heart of our communities. The Open for Business series is our effort to document the struggles of our local merchants in these unprecedented times, and to highlight their resourcefulness, resilience and creativity. Since Nanni Ristorante in Rochelle Park opened in 1988, owners Manny Moreira, 71, of Fort Lee and Lino Queirolo, 83, of Waldwick haven't experienced anything quite like the coronavirus.Through 9/11, Superstorm Sandy and numerous health scares, Nanni has kept its che...
Small businesses are at the heart of our communities. The Open for Business series is our effort to document the struggles of our local merchants in these unprecedented times, and to highlight their resourcefulness, resilience and creativity.
Since Nanni Ristorante in Rochelle Park opened in 1988, owners Manny Moreira, 71, of Fort Lee and Lino Queirolo, 83, of Waldwick haven't experienced anything quite like the coronavirus.
Through 9/11, Superstorm Sandy and numerous health scares, Nanni has kept its chefs boiling marinara sauce, rolling out fresh pasta and sauteeing strips of fish. Kept its tuxedo-clad waitstaff serving. Kept its loyal customers seated at tables covered in white tablecloths, cutting into delicate gnocchi and sipping heavy pours of wine. Both Moreira and Queirolo worked at the famous Fort Lee restaurant Archer’s before buying Nanni from Paolo Gilberto.
But these days, due to the state-mandated closure of all dining rooms, the silverware and cloth napkins are no longer laid out. The communal appetizer platters are put away.
What has remained consistent is Moreira's presence at the restaurant every day (Queirolo is more hands-off and is in partial retirement). Moreira, a former personal chef to Frank Sinatra, and a few cooks are still making their Italian specialties for pickup and delivery.
Robert Moreira, Manny Moreira's son, has been helping his father navigate this brave new world, one that his illustrious career in the dining industry could not have prepared him for. Robert filled us in on how Nanni Ristorante, a pillar of old-school dining, has adapted.
We're now closed for dine-in. We have takeout and some delivery to surrounding towns, and online partners with UberEats and DoorDash. We've also been delivering to some of our very good customers. We've been trying to share with our neighborhoods that we are open. We've made some business flyers and put them around my parents' co-op where they live. Business was pretty good on the weekend, but it's getting slower.
We've never seen anything like this hysteria. We went through Sandy, which was more short-term. We only had some flooding. It's scary, but we're lucky that we have such a strong clientele that are willing to come back to us.
'We are in survival mode':Coronavirus devastates New Jersey restaurants
Open for business:Ridgewood's It's Greek to Me taking coronavirus in stride
There have been a lot of pickups from customers that we've known for years. We've even had a customer who lives in Florida call my dad to see how he's doing. We have a strong-knit community. Sometimes people have ordered meals just to help us out, which is nice.
From an operating standpoint, we have a lot of expenses. As things go on, people are going to start helping themselves, which makes sense. Almost everyone is in a tight spot, which is peculiar. It's not like we had a fire and people can donate to just us. Every restaurant is struggling.
I've been applying for grants, because my dad doesn't know how to do that stuff. My dad has still been going into the restaurant, and I've been quite frightened because he's 71. He's worked for 53 years and isn't worried about anything. He just has that mentality. But I'm glad for the government regulations. It may hurt us financially, but it limits exposure. We only have one or two kitchen guys still on to help. We're not having anyone inside and are taking credit card information over the phone to limit contact.
We worry about our expenses. I feel for the employees that we've hired. Some of our staff have been with us for 20-plus years. I don't know what's going to happen in the future. We haven't laid anyone off yet. But we employ about 20 people — that's 20 families that we're concerned about, as well.
Obviously, ordering takeout and delivery. We're also launching a GoFundMe to help. And I encourage people to follow the lead of what government officials are saying. The quicker this passes, the quicker we can get back to normal life.
Nanni Ristorante is at 53 W. Passaic St., Rochelle Park; 201-843-1250, nanni.com.
Rebecca King is a food writer for NorthJersey.com. For more on where to dine and drink, please subscribe today and sign up for our North Jersey Eats newsletter.
While the general cannabis sector has struggled to hit financial targets, Ascend Wellness Holdings (OTCQX:AAWH) just soared past Q2'22 targets. The MSO (multi-state operator) saw a huge boost from New Jersey, but the company had a huge disappointment in New York. My ...
While the general cannabis sector has struggled to hit financial targets, Ascend Wellness Holdings (OTCQX:AAWH) just soared past Q2'22 targets. The MSO (multi-state operator) saw a huge boost from New Jersey, but the company had a huge disappointment in New York. My investment thesis remains ultra-Bullish on the under-the-radar cannabis stock, despite the disappointment.
The MSO reported net revenues of $97.5 million, beating analyst targets by $6.8 million. Ascend Wellness is now on a path to annual revenues of $400 million before additional New Jersey stores open and the company completes acquisitions for new dispensaries/licenses in Illinois and Ohio for 5 more stores. The MSO ended the quarter with only 21 open stores.
Unlike other MSOs, Ascend Wellness is seeing outsized gains from New Jersey. A lot of the other MSOs involved in New Jersey have far bigger revenue bases, muting the impact of those additional recreational cannabis sales from just a couple of stores.
Ascend suggests the Rochelle Park store alone hit a weekly sales high of $1.21 million during the quarter. At $1 million in sales per week, the store alone would provide $52 million in annual sales. On the Q2'22 earnings call, CEO Abner Kurtin appeared to confirm these sales levels:
Moreover, we are very pleased with our initial transition to adult use in New Jersey. Our Rochelle Park store has been very successful. The store is now our number one store surpassing our $50 million revenue a year store in Collinsville, Illinois. We aren't stopping here. We have significant continued upside in New Jersey. We expect to begin adult use sales at our Montclair, New Jersey store later this week, August 19th, subject to final approval by the town.
The MSO expects to open the Montclair store in New Jersey on August 19 followed by the Fort Lee store approval for recreational cannabis in the Fall. The New Jersey cannabis market still only has 27 stores open, with up to 10 of those limited to just medical cannabis, setting up any new stores for a flood of sales, at least in the short term.
While New Jersey is promising, Ascend has ended the pursuit of the New York assets from MedMen (OTCQB:MMNFF). Despite agreeing to terms in May, Ascend Wellness suggests the assets have deteriorated too much to complete the deal while the opportunity in New York has become less appealing due to social licenses and illicit sales.
Curaleaf (OTCPK:CURLF), the largest cannabis player in the world, still appears bullish on the opportunity in the New York market. New CEO Matt Darin shared this view on the Q2'22 earnings call:
We have some significant catalysts coming in the Northeast with the expected launch of adult-use in Connecticut and New York. We are preparing in advance for these opportunities and continue to invest in both states. We've seen strong momentum in Connecticut with 9% quarter-over-quarter growth versus Q1. And we are already the largest established player and the market leader in New York, which represents an estimated $4 billion market.
As Ascend wellness mentioned, the company now has $70 million in unencumbered cash to invest by choosing to bypass the MedMen NY opportunity, though it's somewhat disappointing from the outside that the small MSO is losing access to such a big market. A lot of the social equity licenses to be handed out are likely to fail leaving the bigger MSOs controlling the market over the long term.
The stock is cheap at a $450 million market cap with sales set to soar past $400 million this year. The MSO is in the works to add new dispensaries in Illinois and Ohio, in addition to the big boost from the eventual launch of 2 additional recreational cannabis stores in New Jersey. Sales could reach $550 million next year.
At those sales levels, easily hit on New Jersey sales boosts from 2 more recreational stores alone, Ascend Wellness will generate substantial EBITDA growth. The MSO reported a 21.4% EBITDA margin in Q2 alone. With a margin boost to just 25.0%, the MSO could reach $137.5 million in adjusted EBITDA in 2023 for a $450 million stock. Ascend Wellness can probably easily top this figure with all of the new stores and acquisitions adding to bases in states with existing operations.
Similar to a lot of cannabis stocks, Ascend Wellness isn't priced for the prospects of the business. The company has cash of $140.6 million with net debt of $152.7 million.
The stock only trades at ~1x 2023 adjusted EBITDA targets, but the debt levels are always an issue in a developing market. Ascend Wellness could definitely fail to meet growth targets next year, making the debt position more precarious.
While the reduction of the $70 million cash payment for New York helps reduce cash outlays from pushing debt totals higher, the MSO still needs to invest in additional capacity expansion in states like New Jersey and Pennsylvania, amongst others.
The key investor takeaway is that Ascend Wellness is too cheap for the cannabis opportunity here. The market is overlooking the growing revenue base and the discounted value of the MSO stock. Not many stocks or sectors offer such opportunities to invest at 3x conservative EBITDA targets.
If you'd like to learn more about how to best position yourself in under valued stocks mispriced by the market during 2022, consider joining Out Fox The Street.
The service offers model portfolios, daily updates, trade alerts and real-time chat. Sign up now for a risk-free, 2-week trial to start finding the next stock with the potential to generate excessive returns in the next few years without taking on the out sized risk of high flying stocks.
This article was written by
Stone Fox Capital Advisors, LLC is a registered investment advisor founded in 2010. Mark Holder graduated from the University of Tulsa with a double major in accounting & finance. Mark has his Series 65 and is also a CPA.
Stone Fox Capital launched the Out Fox The Street MarketPlace service in August 2020.
Invest with Stone Fox Capital's model Net Payout Yields portfolio on Interactive Advisors as he makes real time trades. The site allows followers to duplicate the model portfolio in their own brokerage accounts. You can find the portfolio and more details here:
Follow Mark on twitter: @stonefoxcapital
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock, you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
On a bitterly cold Friday afternoon 17 old Lucienne Merkatz has come to see the very special children’s swing she has donated to the playground at Glen Island Park in New Rochelle. While the below freezing 21 degree weather makes it unbearable for kids to enjoy fun on the playground this day, on warmer days the bright red swing will offer disabled children a simple pleasure that other kids take for granted – the delight of fun swinging time on the playground.Through her organization, ...
On a bitterly cold Friday afternoon 17 old Lucienne Merkatz has come to see the very special children’s swing she has donated to the playground at Glen Island Park in New Rochelle. While the below freezing 21 degree weather makes it unbearable for kids to enjoy fun on the playground this day, on warmer days the bright red swing will offer disabled children a simple pleasure that other kids take for granted – the delight of fun swinging time on the playground.
Through her organization, 50 Red Swings, Merkatz is raising money to put one of the adaptive swings in every state. The swing seat comes with a harness for security and safety while the design assures full body support, comfort and ease for transferring the child on and off. “The point of our project is to promote inclusivity at a young age, by making playgrounds across the USA more accessible for special needs children.” Merkatz says. That’s why it is preferable to install the swings in already established playgrounds. “Swinging next to someone who does have a disability exposes kids at a young age to be more inclusive and used to the idea of playing all together.”
The playground where the swing is located looks out onto a beautiful view of the Long Island sound. The teenager’s grandparents who are long time Westchester County residents living in Rye donated this one. County Legislator Catherine Parker thanked the teen for her vision, her passion and commitment to diversity. “…for her to tap into the idea of inclusivity-that everybody deserves the same opportunity that you had growing up and to understand it from the perspective of a special needs child.”
Merkatz was inspired after taking an a course in adaptive engineering where she learned to create toys for special needs children and visited an all-inclusive playground in Tennessee where she attended boarding school. She was also inspired by one of her uncles who is “severely autistic” and caused her be more sensitive to the difficulties encountered by people with disabilities.
Each swing costs a little more than $400. So far, there are swings in Tennessee, South Carolina, New Jersey and New York and while she works to get at least one in every state, she hopes to see more in every locale.
Long before the governor began pushing New York’s suburbs to allow more apartments, a number of them in Westchester were doing exactly that.Their efforts have come to fruition.A dramatic rise in multifamily building has sparked downtown growth in Westchester cities New Rochelle, White Plains and Yonkers and a slew of towns and villages. It was no accident: They curated gr...
Long before the governor began pushing New York’s suburbs to allow more apartments, a number of them in Westchester were doing exactly that.
Their efforts have come to fruition.
A dramatic rise in multifamily building has sparked downtown growth in Westchester cities New Rochelle, White Plains and Yonkers and a slew of towns and villages. It was no accident: They curated growth in their downtowns by offering opportunities around commuter rail stations.
Between 2014 and 2022, annual multifamily building permit filings in the largely suburban county grew six-fold, leaping from 500 to more than 3,000 by the end of last year.
Does anyone have a hypothesis why multi-family residential permits have grown so much in Westchester County, NY?
What’s going on here that’s not happening on Long Island? pic.twitter.com/u3gFUCYl0P
— Daniel Trubman, MPP (@dmtrubman) January 31, 2023
The burst ties back to an initiative New Rochelle launched in 2015. Its Downtown Overlay Zone permitted up to 12 million square feet of new development. Since then, the city has approved 30 projects. A dozen have been completed and 13 are under construction.
The initiative has added more than 6,000 apartments to the city, with zoning allowances for 4,000 more, according to the mayor’s office. Housing production in the state as a whole, however, has failed to keep pace with job growth, according to Gov. Kathy Hochul, who is pushing a plan to remedy that.
Behind the Westchester localities’ growth is a three-pronged policy that analysts say could be copy-and-pasted by other municipalities around New York.
First, New Rochelle selected a master developer, Scott Rechler’s RXR, and granted it exclusive rights to develop roughly 3 million square feet of the city’s downtown.
RXR’s participation and investment drew other developers in the marketplace, according to New Rochelle Mayor Noam Bramson.
Second, the city switched from a land-based zoning code to form-based zoning for 300 acres of its downtown. The new code prioritizes physical qualities such as building height and distance from the street, as opposed to dictating residential or commercial use. That gives developers more flexibility.
New Rochelle then did a generic environmental review of the intended development zone, allowing projects that aligned with its vision to skip environmental impact statements. That drastically cut builders’ costs and reduced project approval times to less than three months.
“We’re not the only community to have these components, but we’re the only one that has done all three in concert,” Bramson said. “Those are mutually supportive measures that have a multiplier effect in terms of their ability to attract investment.”
What’s mattered most, however, is support from the local population.
“All of that begins with desire. We don’t see growth as a burden, we see it as a benefit,” Bramson said. “It is breathing life and energy into our downtown and is creating a more robust marketplace for goods and services that are enjoyed by everyone.”
New Rochelle has reinvested the additional tax revenue in public goods, improving the region’s competitiveness, he added.
The city and RXR also worked to balance residential and commercial development, staggering projects rather than allowing them to break ground all at once.
“You have to make sure that you’re doing it in a thoughtful way, so that you’re not just requiring folks to run to a downtown core that’s not ready for it,” said RXR executive Joseph Graziose Jr.
The policies have helped New Rochelle become one of the fastest growing municipalities in New York, according to a 2022 Redfin ranking.
“The story of New Rochelle really is a unique one,” said RXR’s David Garten. “They had tried in the past to inject economic activity in the downtown but they weren’t able to do it.”
New Rochelle is definitely part of the explanation for why Westchester NY is permitting so much more multi-family housing recently. pic.twitter.com/1y3J9amBCL
— Daniel Trubman, MPP (@dmtrubman) January 31, 2023
After its city council signed off on the Downtown Overlay Project, other municipalities took note, according to Alex Armlovich, a housing analyst with the Niskanen Center, a Washington, D.C.-based think tank.
“Because of the example they’ve set in New Rochelle, other older cities are thinking, ‘Hey, we can do that too,’” he said.
Growth has been more modest in other areas of Westchester, but still seismic compared with the incremental gains in previous decades.
Building permits nearly quadrupled in White Plains, to 1,100 in 2022 from about 300 annually in previous years. In Yonkers, growth exploded in 2018, when more than 600 multifamily building permits were filed, and has remained around that level since.
These northern suburbs remain exceptions in the tri-state region. “There’s New Rochelle, there’s Jersey City, there’s a couple little rezonings, and then everywhere else is just not growth-friendly at all,” said Armlovich, a member of housing advocacy group Open New York.
With six developments across Westchester, RXR cites several keys to successful development in the region: transparency with local government, identifying projects as long-term investments and being seen as a “responsible corporate citizen.”
That entails regularly hosting community roundtables and developing local investment funds for things like youth programming, pandemic relief or small-business initiatives — all ways to keep residents happy and community-minded.
“The pressure of ensuring that a deal can actually pencil is not just necessarily the cost of actually building, but it’s ensuring that the people will actually have a place to live and want to be there,” said Garten.
Correction: An earlier version of this story misstated the number of apartments added in New Rochelle.