Welcome to our dedicated page for Colgate Palmolive Co news (Ticker: CL), a resource for investors and traders seeking the latest updates and insights on Colgate Palmolive Co stock.
Colgate-Palmolive Company (NYSE: CL) is a globally recognized leader in the consumer products industry, serving millions of consumers in over 200 countries and territories. Founded in 1806, the company has grown significantly to become a major player in the oral care, personal care, home care, and pet nutrition sectors.
Colgate-Palmolive’s product portfolio includes some of the world’s most trusted brands such as Colgate, Palmolive, Speed Stick, Softsoap, Irish Spring, Ajax, and Hill's Science Diet. These products are designed to make daily life healthier and more enjoyable for consumers. The company’s operations are notably strong internationally, with approximately 70% of its sales coming from international markets, including about 45% from emerging regions.
With a strong commitment to sustainability and social responsibility, Colgate-Palmolive actively supports environmental and wellness initiatives. The company engages in various philanthropic activities and has partnerships aimed at improving oral health, hygiene, and pet care globally.
Recent achievements include the expansion of its Tom's of Maine Incubator program, which supports young leaders focused on sustainable farming, climate change, and environmental justice. The program, now in its second year, has awarded $100,000 to five new changemakers, providing them with funding and mentorship to scale their impactful work.
Financially, Colgate-Palmolive continues to demonstrate strong performance with robust sales growth driven by its diverse product lines and extensive global reach. The company is well-positioned to adapt to market changes and sustain its leadership in the consumer goods sector.
For the latest updates, you can follow the company on Twitter at @cp_news. For those interested in career opportunities, visit Colgate Careers and stay connected via their social media platforms on Facebook and Twitter.
Cresco Labs (CSE:CL, OTCQX:CRLBF) has released its inaugural annual report for the SEED (Social Equity and Educational Development) initiative, highlighting efforts to promote diversity in the cannabis industry. The report details investments exceeding $1.5M, 22 restorative events, and support for over 1,200 individuals seeking record expungement. The SEED program also saw 50 businesses aided through Community Business Incubator events and collaboration with five educational institutions. CEO Charlie Bachtell emphasized the need for ongoing work to enhance inclusivity and social responsibility.
Cresco Labs (CSE:CL) (OTCQX:CRLBF) has opened its tenth dispensary in Illinois, located in Naperville, a key retail area near major stores like Costco and Whole Foods. This marks a significant milestone as Cresco becomes the first cannabis operator to reach ten dispensaries in the state. The Sunnyside Naperville dispensary spans nearly 8,400 square feet and will employ approximately 40 staff, featuring 12 points of sale. Illinois cannabis retail sales are projected at over $1 billion annually, with Cresco's stores capturing a substantial market share.
Cresco Labs (CSE:CL) (OTCQX:CRLBF), a major cannabis operator in the U.S., has extended its distribution agreement with Kings Garden Inc., a leading California cannabis brand. This agreement allows Cresco's subsidiary, Continuum, to continue as the exclusive distributor of Kings Garden products, enhancing their market presence. Kings Garden is recognized for its premium cannabis products and strong sales performance. The partnership is expected to boost growth and market share for both companies in California, one of Cresco's key markets.
Cresco Labs (CSE:CL, OTCQX:CRLBF) expands its Good News brand to Michigan, tapping into a rapidly growing cannabis market worth nearly $600 million. The launch features gummy edibles crafted for different moods — Me Time (Indica), Brunch (Hybrid), Friyay (Sativa), and Vegas (Sativa). Michigan, now the tenth state to legalize adult-use cannabis, generated over $104 million in sales in October alone. This expansion adds to Cresco’s portfolio, which includes brands like Mindy’s and High Supply, enhancing product variety for both medical and recreational consumers.
Cresco Labs (CSE:CL) (OTCQX:CRLBF) has finalized an agreement with lenders to extend the maturity of its senior secured term loan to January 23, 2023, with a reduced interest rate of 12% annually. The loan size will increase to $200 million, with $85 million from existing and new institutional lenders. This funding aims to support Cresco's expansions across nine states and other growth initiatives. CEO Charlie Bachtell emphasized the positive implications of this financing in enhancing the company’s operational flexibility and capital efficiency.
Colgate's recent research indicates that its toothpastes containing zinc and stannous, along with mouthwashes with cetylpyridinium chloride, can neutralize COVID-19 by 99.9%. Laboratory studies showed Colgate Total and Meridol toothpastes had this effect after two minutes, while Colgate mouthwashes were effective after just 30 seconds. A clinical study involving 50 hospitalized COVID-19 patients is underway, revealing these products can temporarily reduce viral load in the mouth. Colgate is collaborating on further research to explore potential roles of oral care in reducing COVID-19 transmission.
Colgate-Palmolive (NYSE:CL) Group President Panagiotis Tsourapas will engage in a virtual fireside chat at the Morgan Stanley Global Consumer & Retail Conference on December 2, 2020, at 11:00 a.m. ET. Investors can access the live webcast on Colgate's website, and a recorded version will be available later. Colgate-Palmolive focuses on health-related products across various sectors, aiming for sustainable growth and superior shareholder returns. For further details about their initiatives, visit www.colgatepalmolive.com.
Colgate-Palmolive Company (NYSE:CL) announced the appointment of Stanley J. Sutula as the new Chief Financial Officer, effective November 9, 2020. Sutula, currently serving as CFO at Pitney Bowes, brings extensive experience from his previous 28 years at IBM. He is recognized for leveraging technology and data analytics to drive revenue growth. Henning Jakobsen, the outgoing CFO, will transition to a Senior Vice President role until his retirement at the end of 2020. The leadership change aims to strengthen Colgate's financial strategies and performance.
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