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CRESCO LABS INC (CRLBF) is an Illinois-based medical cannabis company licensed to develop and operate medical cannabis cultivation centers in police districts 5, 9, and 21. The company exceeded the state's qualifying standards and received the highest scores among cultivation center applicants, securing three out of 18 total awarded cultivation licenses under the Illinois Medical Cannabis Pilot Program.
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Cresco Labs launches Good News brand in Pennsylvania with Sweet Troches product
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Cresco Labs opens new dispensary in Pennsylvania
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Cresco Labs expands brand portfolio in Florida with FloraCal and Cresco brands, offering premium quality flower and live rosin products.
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Cresco Labs opens second Sunnyside dispensary in Jacksonville, Florida, bringing the total store count to 33 in the state and 70 nationally.
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Cresco Labs becomes the first cannabis company to launch cannabis advertisements on Spotify, targeting its core shoppers in Illinois.
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Cresco Labs Inc. to participate in upcoming conferences in September and October
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Cresco Labs Inc. reported strong financial results for the second quarter of 2023, with revenue of $198 million, a 2% increase sequentially. The company achieved a gross profit of $87 million, representing 44% of revenue. Adjusted EBITDA increased by 38% to $40 million, with a margin improvement of 540 basis points to 20%. The company also generated positive operating cash flow of $18 million. Despite a net loss of $43 million, Cresco Labs maintained its leadership position in key markets and saw growth in branded products.
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Cresco Labs, a leading cannabis producer, has opened its 32nd Florida dispensary in Palm Bay. The new store is located along a high-traffic retail corridor and brings the company's nationwide network to 69 dispensaries.
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Cresco Labs and Columbia Care have mutually agreed to terminate their planned acquisition. There are no penalties or fees associated with the termination. Both companies believe this decision is in their long-term interest. Cresco Labs will focus on restructuring low-margin operations and improving competitiveness, while Columbia Care will leverage its operational and strategic strength to become one of the most profitable companies in the industry.
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FAQ
What is the current stock price of CRESCO LABS (CRLBF)?
The current stock price of CRESCO LABS (CRLBF) is $0.9 as of December 20, 2024.
What is the market cap of CRESCO LABS (CRLBF)?
The market cap of CRESCO LABS (CRLBF) is approximately 374.6M.
What is CRESCO LABS INC (CRLBF)?
CRESCO LABS INC (CRLBF) is an Illinois-based medical cannabis company licensed to develop and operate medical cannabis cultivation centers.
Where is CRESCO LABS INC (CRLBF) located?
CRESCO LABS INC (CRLBF) is based in Illinois and operates in police districts 5, 9, and 21.
How many cultivation licenses did CRESCO LABS INC (CRLBF) secure?
CRESCO LABS INC (CRLBF) secured three out of 18 total awarded cultivation licenses under the Illinois Medical Cannabis Pilot Program.
What sets CRESCO LABS INC (CRLBF) apart from other cannabis companies?
CRESCO LABS INC (CRLBF) stands out for exceeding the state's qualifying standards and receiving the highest scores among cultivation center applicants.
What is the significance of CRESCO LABS INC (CRLBF) in the cannabis industry?
CRESCO LABS INC (CRLBF) plays a key role in the medical cannabis sector by developing and operating cultivation centers in Illinois.
How does CRESCO LABS INC (CRLBF) contribute to the community?
CRESCO LABS INC (CRLBF) contributes to the community by providing medical cannabis products and services through its cultivation centers.
What licenses does CRESCO LABS INC (CRLBF) hold?
CRESCO LABS INC (CRLBF) holds licenses to develop and operate medical cannabis cultivation centers in Illinois.
What are some of CRESCO LABS INC (CRLBF) recent achievements?
CRESCO LABS INC (CRLBF) recently received the highest scores among cultivation center applicants and secured three cultivation licenses under the Illinois Medical Cannabis Pilot Program.
Is CRESCO LABS INC (CRLBF) publicly traded?
Yes, CRESCO LABS INC (CRLBF) is publicly traded under the symbol CRLBF.
How can I stay updated with CRESCO LABS INC (CRLBF) news?
Stay tuned to the latest news and updates from CRESCO LABS INC (CRLBF) through various news sources and the company's official announcements.
CRESCO LABS INC
OTC:CRLBF
CRLBF Rankings
CRLBF Stock Data
374.59M
271.34M
0.66%
5.5%
Drug Manufacturers - Specialty & Generic
Healthcare
United States of America
Chicago