Cresco Labs Archives

Julie AitchesonJune 1, 2020

With terms like “social distancing”, “quarantine”, and “safer at home” orders now common parlance thanks to the Covid-19 global pandemic, it seems an odd time to forge ahead with opening new retail establishments, yet several determined cannabis companies are betting on a better future and doing just that. Small business website “The Balance” itemizes the […]

Kaitlin DomangueMay 28, 2020

It’s time for your daily hit of cannabis financial news for May 28th, 2020. On the Site Canopy River Tightens Belt, Cuts Employees Canopy Rivers Inc. (OTC: CNPOF) is laying off employees and cutting back on spending as the company focuses on positive cash flow. The venture capital firm that specializes in cannabis companies said […]

StaffApril 23, 2020

Cresco Labs Inc. (OTCQX:CRLBF) completed its agreement to sell the company’s Marshall, MI property to Innovative Industrial Properties, Inc. (NYSE: IIPR) in a deal valued at approximately $16 million. The previously announced sale included $11 million in funding for tenant improvements. The property represents approximately 115,000 square feet of industrial space in aggregate. The stock […]

Debra BorchardtApril 16, 2020

In another sign of Illinois state market domination, Cresco Labs (OTCQX:CRLBF) completed the expansion of its cultivation facility in Lincoln, IL, which is the largest in the state. The company also finished the first phase of expansion at its Kankakee facility. Cresco is the only operator in Illinois with three cultivation sites that are licensed […]

Kaitlin DomangueFebruary 13, 2020

Its time for your Daily Hit of cannabis financial news for February 13th, 2020. On the Site Meet the Weedy Award Finalists The founder and Editor of WeedWeek, Alex Halperin, has created the Weedy Awards, with winners being announced on February 28th in Hollywood. Awards will be presented in categories like best grow, the most […]

StaffFebruary 3, 2020

Monday looks to be the closing day on deals with Cresco Labs and Curaleaf. Cresco Labs Cresco Labs (CSE: CL) (OTCQX: CRLBF) closed on its recently announced non-brokered credit agreement for a senior secured term loan of $100 million. Cresco Labs says it has an option to increase the size of the facility to a […]

StaffJanuary 23, 2020

Cresco Labs (CSE: CL) (OTCQX: CRLBF) announced it has entered into a credit agreement for a senior secured term loan for an initial amount of up to $100 million, with a mutual option to increase the size of the facility to a maximum of $200 million. Cresco said it expects to complete an initial drawdown […]

Debra BorchardtJanuary 8, 2020

As the cannabis industry faces pressure, the valuation retractions have caused several proposed deals to unravel. The lastest is between Bhang Inc. (CSE: BHNG) (OTCQX: BHNGF) and CannaRoyalty Corp. d/b/a Origin House (CSE: OH) (OTCQX: ORHOF). Bhang and its wholly-owned operating subsidiary, Bhang Corporation has terminated its agreement with Origin House and its wholly-owned subsidiary, […]

Kaitlin DomangueJanuary 2, 2020

The highly anticipated adult-use cannabis program in Illinois rolled out yesterday morning. The maximum amount of dispensaries allowed in the state for 2020 is 185, though only 43 licenses were approved at the time of the state’s new industry launch. Six of these approved licenses were not able to begin sales on the 1st for […]

William SumnerDecember 12, 2019

It’s time for your Daily Hit of cannabis financial news for December 12, 2019. On the Site Cresco Labs Shores Up Its Balance Sheet, Sells Property for $50 Million The Illinois-based Cresco Labs (CSE: CL) (OTCQX: CRLBF) is looking to shore up its balance sheet by selling off one of its properties. Today the company […]

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Tag: Cresco Labs

COVID Doesn’t Kill The Buzz Of New Dispensaries

The Daily Hit: May 28th, 2020

Cresco Labs Sells Michigan Property to IIP

Cresco Labs Continues To Dominate Illinois

The Daily Hit: February 13th, 2020

Cresco Closes On Credit, Curaleaf Closes On Select

Cresco Labs Takes On $100 Million Loan

Latest Cannabis Divorce: Bhang, Origin House

Illinois Recreational Cannabis Sales Off To A Strong Start

The Daily Hit: December 12, 2019

The Daily Hit - TEST TEST TEST

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

Functional Mushrooms Move Into Mainstream as Wellness Trend Grows

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