Cresco Labs Archives

William SumnerApril 24, 2019

It’s time for your Daily Hit of cannabis financial news for April 24, 2019. On The Site Cresco Labs Chicago-based Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) released its unaudited financial results for the fourth quarter and full year ending December 31, 2018. The fourth quarter revenue was $17.0 million, an increase of 411% over […]

Debra BorchardtApril 24, 2019

Chicago-based Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) released its unaudited financial results for the fourth quarter and full year ending December 31, 2018. The fourth quarter revenue was $17.0 million, an increase of 411% over last year for the same time period and up 33% sequentially. The company trimmed its net losses to $2.6 […]

William SumnerApril 11, 2019

It’s time for your Daily Hit of cannabis financial news for April 11, 2019 On The Site Cresco Labs Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) received approval from the Illinois Department of Financial and Professional Regulation (IDFPR) for Cresco’s previously announced acquisitions of licensed medical cannabis dispensaries MedMar Rockford and MedMar Lakeview, located in […]

Debra BorchardtApril 11, 2019

Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) received approval from the Illinois Department of Financial and Professional Regulation (IDFPR) for Cresco’s previously announced acquisitions of licensed medical cannabis dispensaries MedMar Rockford and MedMar Lakeview, located in the popular Wrigleyville neighborhood of Chicago. According to Arcview Research, Illinois’ medical market is projected to have 126,566 legal […]

Debra BorchardtApril 1, 2019

Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) is acquiring CannaRoyalty Corp. also known as Origin House (CSE: OH) (OTCQX: ORHOF) in a deal valued at C$1.1 billion or C$12.68 per Origin House Share (based on the Exchange Ratio and the closing price of Cresco Labs Shares on March 29). The deal looks to be the […]

William SumnerDecember 10, 2018

Cresco Labs, Inc. (CSE: CL), a multi-state cannabis operator, today announced its financial results and operational highlights for the third quarter, which ended on September 30, 2018. Revenue for the quarter increased to $12.2 million, representing a quarter-over-quarter increase of 51% and a year-over-year increase of 335%. Cresco’s net income nearly doubled from $2.0 million […]

William SumnerDecember 3, 2018

It’s time for your Daily Hit of cannabis financial news for December 3, 2018 On the Site Cresco Labs Chicago-based Cresco Labs is set to begin trading on the Canadian Securities Exchange on Monday using the symbol CL. Cresco is headed by Chief Executive Officer Charles Bachtell who was also a founding member of the […]

Debra BorchardtDecember 3, 2018

Chicago-based Cresco Labs is set to begin trading on the Canadian Securities Exchange on Monday using the symbol CL. Cresco is headed by Chief Executive Officer Charles Bachtell who was also a founding member of the Illinois Cannabis Bar Association and the Medical Cannabis Alliance of Illinois. Cresco hits the market with operations in six states (Illinois, […]

Anne-Marie FischerOctober 12, 2018

Earlier this week Cresco Labs LLC announced plans for a reverse takeover of Vancouver-based Randsburg International Gold Corp [NEX: RGZ.H], a move that will allow Cresco to go public and seek approval to list its common shares on the Canadian Securities Exchange (“CSE”). The proposed takeover will be structured as an amalgamation, arrangement, takeover bid, […]

Debra BorchardtOctober 5, 2018

Multi-state U.S. cannabis company Cresco Labs announced closed its oversubscribed Series D funding round for $100 million making it the second largest private funding round in U.S. cannabis history. Cresco will be able to use these funds to continue expansion into other states and distribute their existing suite of medical cannabis and adult-use cannabis products […]

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Tag: Cresco Labs

The Daily Hit: April 24, 2019

Cresco Labs Reports 411% Increase In Revenue, Turns Profitable For 2018

The Daily Hit: April 11, 2019

Cresco Labs Continues Illinois Expansion

Cresco Labs Is Buying Origin House In C$1.1 Billion Deal

Cresco Labs Reports Solid Third Quarter

The Daily Hit: December 3, 2018

Chicago’s Cresco Labs To Begin Trading On The CSE Today

Cresco Labs to Reverse Takeover Randsburg to List on CSE

Chicago-Based Cannabis Company Cresco Labs Raises $100 Million

The Daily Hit - TEST TEST TEST

Lykos Therapeutics Secures $100M in Series A Funding, Rebrands from MAPS PBC

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