Cresco

Cresco Labs Launches First-Ever Cannabis Advertisements on Spotify, the World’s Most Popular Audio Streaming Subscription Service

Retrieved on: 
Thursday, September 7, 2023

Cresco Labs Inc. (CSE:CL) (OTCQX:CRLBF) (FSE: 6CQ) (“Cresco” or “Company”), the industry leader in branded cannabis products with a portfolio of America’s most popular brands and the operator of Sunnyside dispensaries, today announced it is the first cannabis company to launch cannabis advertisements on Spotify, the world’s most popular audio streaming subscription service with more than 551 million users and 220 million subscribers.

Key Points: 
  • Cresco Labs Inc. (CSE:CL) (OTCQX:CRLBF) (FSE: 6CQ) (“Cresco” or “Company”), the industry leader in branded cannabis products with a portfolio of America’s most popular brands and the operator of Sunnyside dispensaries, today announced it is the first cannabis company to launch cannabis advertisements on Spotify, the world’s most popular audio streaming subscription service with more than 551 million users and 220 million subscribers.
  • View the full release here: https://www.businesswire.com/news/home/20230907185478/en/
    Cresco Labs is the first cannabis company to launch cannabis advertising on Spotify.
  • Pictured is an ad for the company’s national retail brand, Sunnyside.
  • Advertising is supported by a volume-driving paid media campaign that includes programmatic buying, native ads, connectedTV and more.

Cresco Labs Reports Second Quarter 2023 Results

Retrieved on: 
Wednesday, August 16, 2023

Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) (“Cresco Labs” or the “Company”), the industry leader in branded cannabis products with a portfolio of America’s most popular brands and the operator of Sunnyside dispensaries, today released its financial and operating results for the second quarter ended June 30, 2023.

Key Points: 
  • Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) (“Cresco Labs” or the “Company”), the industry leader in branded cannabis products with a portfolio of America’s most popular brands and the operator of Sunnyside dispensaries, today released its financial and operating results for the second quarter ended June 30, 2023.
  • Second quarter revenue of $198 million, up 2% sequentially, driven by retail growth of 4% and flat wholesale revenue.
  • Second quarter net loss of $43 million, which includes $22 million of impairment charges.
  • On July 30, 2023, Cresco Labs and Columbia Care mutually agreed to terminate the definitive agreement dated March 23, 2022.

SUNNYSIDE ELMWOOD PARK CANNABIS WORKERS JOIN TEAMSTERS LOCAL 777

Retrieved on: 
Wednesday, August 2, 2023

ELMWOOD PARK, Ill., Aug. 2, 2023 /PRNewswire/ -- Wellness Advisors and other cannabis workers at Sunnyside, a subsidiary of Cresco Labs, have voted overwhelmingly to join Teamsters Local 777.

Key Points: 
  • ELMWOOD PARK, Ill., Aug. 2, 2023 /PRNewswire/ -- Wellness Advisors and other cannabis workers at Sunnyside, a subsidiary of Cresco Labs, have voted overwhelmingly to join Teamsters Local 777.
  • "This is the fifth Cresco location to join our union," said Jim Glimco, Local 777 President.
  • "I support the Teamsters because I want to be able to have one job, and not have to work multiple jobs to survive," said Crystal Hernandez, a Wellness Advisor who voted to join Local 777.
  • Founded in 1937, Teamsters Local 777 represents workers in a wide variety of industries throughout the Chicago area.

Cresco Labs and Khalifa Kush Expand Partnership to Bring Brand’s Premium Products to Massachusetts Cannabis Consumers

Retrieved on: 
Thursday, July 20, 2023

Cresco Labs (CSE:CL) (OTCQX:CRLBF) (FSE: 6CQ) (“Cresco” or “the Company”), a vertically integrated, multi-state operator and the cannabis industry’s No.

Key Points: 
  • Cresco Labs (CSE:CL) (OTCQX:CRLBF) (FSE: 6CQ) (“Cresco” or “the Company”), a vertically integrated, multi-state operator and the cannabis industry’s No.
  • 1 producer of branded products, today announced the expansion of a partnership with Khalifa Kush to exclusively cultivate, manufacture and distribute the cannabis brand’s premium products in Massachusetts.
  • Wiz Khalifa is the multi-platinum-selling, GRAMMY® and Golden Globe® Award-nominated recording artist behind Khalifa Kush.
  • View the full release here: https://www.businesswire.com/news/home/20230720984317/en/
    Through an exclusive partnership between Cresco Labs and the Khalifa Kush brand, flower and pre-rolls from Khalifa Kush will be available for sale starting July 22 at Sunnyside stores throughout Massachusetts.

Cresco Labs Opens Sunnyside Destin and St. Petersburg Florida Stores, Expanding Nationwide Retail Footprint to 66 Locations

Retrieved on: 
Thursday, June 15, 2023

Cresco Labs Inc. (CSE:CL) (OTCQX:CRLBF) (FSE: 6CQ) (“Cresco” or “the Company”), a vertically integrated, multi-state operator and the cannabis industry’s No.

Key Points: 
  • Cresco Labs Inc. (CSE:CL) (OTCQX:CRLBF) (FSE: 6CQ) (“Cresco” or “the Company”), a vertically integrated, multi-state operator and the cannabis industry’s No.
  • 1 producer of branded products, today announced it has expanded its Sunnyside brand in Florida with the opening of two new stores in Destin at 661 Harbor Blvd.
  • View the full release here: https://www.businesswire.com/news/home/20230615090774/en/
    Cresco Labs opened two new Florida stores in Destin and St. Petersburg.
  • Both Sunnyside Destin and Sunnyside St. Petersburg North will provide a wide assortment of accessories and products from the Company’s branded portfolio that includes Cresco, One Plant, Supply (High Supply), Good News, Remedi and Sunnyside.

Cresco Labs Reports First Quarter 2023 Results

Retrieved on: 
Wednesday, May 24, 2023

Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) (“Cresco Labs” or the “Company”), a vertically integrated, multi-state operator ("MSO") and the cannabis industry’s No.

Key Points: 
  • Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) (“Cresco Labs” or the “Company”), a vertically integrated, multi-state operator ("MSO") and the cannabis industry’s No.
  • 1 producer of branded products, today released its financial and operating results for the first quarter ended March 31, 2023.
  • Cresco Labs’ SEED Community Incubator Program provided staff hours and expert guidance to an Illinois social equity dispensary license holder that is opening its first store next quarter.
  • The Company expects to file its unaudited condensed interim consolidated financial statements for the quarter ended March 31, 2023, on SEDAR on or about May 24, 2023.

Cresco Labs Opens Second Sunnyside in Miami, Florida

Retrieved on: 
Monday, April 17, 2023

Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or “the Company), a vertically integrated multistate cannabis operator and the No.

Key Points: 
  • Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or “the Company), a vertically integrated multistate cannabis operator and the No.
  • 1 U.S. wholesaler of branded products, today announced it has expanded in Miami, Florida, with the addition of a second store on the west side located at 8717 SW 24th St.
  • View the full release here: https://www.businesswire.com/news/home/20230417005361/en/
    Cresco Labs opened a second Sunnyside in west Miami, Florida, at 8717 SW 24th St. (Photo: Business Wire)
    “We’re continuing our Florida expansion effort to bring our highly productive retail model and differentiated portfolio of branded products to more patients living in populous regions,” said Charlie Bachtell, Cresco Labs’ CEO & Co-Founder.
  • We’re excited to add our newest Sunnyside store to our growing store network.”
    Like Sunnyside’s other Florida stores, this new location will provide a wide assortment of cannabis products from the Company’s branded portfolio that includes Cresco, One Plant, Supply (High Supply), Good News, Remedi and Sunnyside.

Cresco Labs Announces Fourth Quarter & Full Year 2022 Results

Retrieved on: 
Thursday, March 16, 2023

Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) (“Cresco Labs” or the “Company”), a vertically integrated, multi-state operator and the No.

Key Points: 
  • Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) (“Cresco Labs” or the “Company”), a vertically integrated, multi-state operator and the No.
  • 1 producer of branded cannabis products in the industry, today released its financial results for the quarter and year ended December 31, 2022.
  • “I want to congratulate the Cresco Labs team on how well they tackled the challenges of 2022.
  • None of the challenges of 2022 change the long-term thesis and opportunity that is cannabis,” said Charles Bachtell, CEO and Co-founder of Cresco Labs.

Cresco Labs Continues Florida Expansion with Two New Store Openings

Retrieved on: 
Wednesday, March 8, 2023

Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or “the Company), a vertically integrated multistate cannabis operator and the No.

Key Points: 
  • Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or “the Company), a vertically integrated multistate cannabis operator and the No.
  • 1 U.S. wholesaler of branded products, today announced its Florida retail footprint has grown to 28 total dispensaries with today’s store openings in Palm Harbor and Lake Worth.
  • View the full release here: https://www.businesswire.com/news/home/20230308005321/en/
    Cresco Labs opened new stores in Palm Harbor and Lake Worth, bringing the company’s Florida footprint to 28 dispensaries.
  • In addition to this store, Cresco has two stores in Clearwater and Saint Petersburg serving the one million residents in Pinellas County.

Cresco Labs Celebrates New Sunnyside Dispensary Opening in South Orlando, Florida

Retrieved on: 
Thursday, March 2, 2023

Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or “the Company), a vertically integrated multistate cannabis operator and the No.

Key Points: 
  • Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or “the Company), a vertically integrated multistate cannabis operator and the No.
  • 1 U.S. wholesaler of branded products, today announced it opened its fourth Sunnyside dispensary in the greater Orlando, Florida region.
  • Sunnyside South Orlando is located at 2051 Town Center Blvd.
  • View the full release here: https://www.businesswire.com/news/home/20230302005356/en/
    Cresco Labs opened its newest Florida dispensary in South Orlando.