Cresco Labs Archives

Adam JacksonAugust 17, 2022

Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) rose in early trading Wednesday morning with the company posting positive second-quarter results — reinforcing its position as the largest wholesale cannabis provider as it shores up its M&A moves. The Chicago-based cannabis operator released its financial results for the three months ended June 3o, 2022. Cresco Labs reported […]

Debra BorchardtAugust 15, 2022

Columbia Care Inc. (CSE: CCHW) (OTCQX: CCHWF) reported financial results for the second quarter ending June 30, 2022, with revenue rising 18% to $129 million over last year’s $109 million. Revenue grew 5% sequentially from the first quarter. The company reported a net loss of $54 million versus last year’s net loss of $18 million, […]

Debra BorchardtJuly 5, 2022

Cantor Fitzgerald analyst Pablo Zuanic issued a report this morning in which he sees some value in the beaten-up cannabis group, although he also cautioned that numerous roadblocks remain. He was clear that the group may not have even found a bottom yet as prices continue to slide along with the broader market. Zuanic also […]

Debra BorchardtMay 18, 2022

Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) released its financial results for the three months ended March 31, 2022, as revenue fell from the fourth quarter’s $217 million to the first quarter’s $214 million. Cresco Labs did note that the revenue increased 20% over last year’s $178 million for the same time period. This also […]

StaffMarch 23, 2022

The Daily Hit is a recap of the day’s top business news for the cannabis industry for March 23, 2022. On the Site Cresco Labs Cresco Labs (OTC: CRLBF) is buying New York-based Columbia Care (OTC: CCHWF) in a $2 billion deal that will make it the largest marijuana company in the U.S. The all-stock […]

Debra BorchardtMarch 23, 2022

While the news of the Columbia Care acquisition was the big news of the morning, Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) also reported its financial results for the fourth quarter and year ending December 31, 2021. Cresco’s fourth-quarter revenue rose 34% over last year to $218 million, this was only a slight increase over […]

StaffMarch 23, 2022

Republished from Crain Chicago by John Pletz. The $2 billion purchase of Columbia Care gives Cresco access to new markets and cements Chicago’s place at the center of the legal-marijuana industry. Cresco Labs (OTC: CRLBF) is buying New York-based Columbia Care (OTC: CCHWF) in a $2 billion deal that will make it the largest marijuana […]

StaffMarch 22, 2022

The Westchester Business Journal reported that the planning board in the Town of Wawarsing in Ulster County has approved plans for Valley Agriceuticals LLC, whose parent company is Cresco Labs (OTC: CRLBF), to build 380,000-square-foot marijuana cultivation, manufacturing and distribution facility. The Business Journal said it was advised that passage of the approval resolution means […]

Debra BorchardtNovember 11, 2021

Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) announced its financial results for the third quarter ending September 30, 2021, with revenue growing 2.6% sequentially to $215.5 million, and an increase of 40.6% year-over-year. Still, Cresco recorded a non-cash impairment charge of $291 million in the quarter as a result of the strategic shift in California […]

StaffOctober 15, 2021

Cresco Labs (CSE:CL) (OTCQX:CRLBF) is buying Pennsylvania-based Laurel Harvest Labs, LLC in a deal valued at $80 million. The acquisition is expected to close in Q4 of 2021. Laurel Harvest has one of the eight original Chapter 20 licenses in Pennsylvania. The company comes with approximately 52,000 sq. ft. of indoor grow/processing space and room […]

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Tag: Cresco Labs

Cresco Labs Revenue Rises, Maintains Wholesale Leadership

Columbia Care Gets Boost From New Jersey Sales

Analyst Sees Value In Beaten Down Cannabis MSOs

Cresco Labs Revenue Falls From Fourth Quarter

The Daily Hit: March 23, 2022

Cresco Labs Revenue Rises, But Losses, Debts Grow Too

Cresco Labs Buying Rival to Become Largest U.S. Cannabis Company

New York’s Ulster County Approves Huge Cresco Labs Facility

Cresco Labs Reports Record Revenue, But Takes $291 Million Charge

Cresco Labs Buys Laurel Harvest For $80 Million

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