Cresco Labs

Cresco Labs Continues Retail Expansion in Pennsylvania with New Gettysburg Store

Retrieved on: 
Friday, February 23, 2024

The new store is located at 1380 York Rd., #300, just off US Route 15 and 10 minutes away from the Gettysburg Battlefield Historic District.

Key Points: 
  • The new store is located at 1380 York Rd., #300, just off US Route 15 and 10 minutes away from the Gettysburg Battlefield Historic District.
  • Today’s opening brings Cresco Labs’ store count to 15 dispensaries in Pennsylvania and 72 locations nationally.
  • View the full release here: https://www.businesswire.com/news/home/20240223814577/en/
    Cresco Labs opened a new Pennsylvania store in Gettysburg at 1380 York Rd., #300.
  • (Photo: Business Wire)
    “We’re delighted to bring Sunnyside to the historic town of Gettysburg and the Gettysburg National Military Park that averages 1 million visitors annually,” said Charlie Bachtell, CEO and Co-founder of Cresco Labs.

Cresco Labs Promotes Greg Butler to President

Retrieved on: 
Thursday, February 1, 2024

Cresco Labs Inc. (CSE:CL) (OTCQX:CRLBF) (FSE: 6CQ) (“Cresco” or “Company”), the industry leader in branded cannabis products and the operator of Sunnyside* dispensaries, is pleased to announce the promotion of Greg Butler to the position of President.

Key Points: 
  • Cresco Labs Inc. (CSE:CL) (OTCQX:CRLBF) (FSE: 6CQ) (“Cresco” or “Company”), the industry leader in branded cannabis products and the operator of Sunnyside* dispensaries, is pleased to announce the promotion of Greg Butler to the position of President.
  • Butler joined Cresco Labs in 2020 as Chief Commercial Officer and has advised the company since 2018.
  • Prior to Cresco Labs, Butler had over two decades of experience leading large iconic and insurgent brands for both large Fortune 500 and smaller privately owned businesses.
  • “I’m honored and incredibly excited to work alongside Charlie and the Cresco Labs team to evolve and accelerate our growth story,” said Greg Butler.

National Cannabis Roundtable Releases Inaugural Corporate Social Responsibility Report

Retrieved on: 
Wednesday, December 13, 2023

WASHINGTON, Dec. 13, 2023 (GLOBE NEWSWIRE) -- Today, the National Cannabis Roundtable (NCR) is proud to announce the release of its inaugural Corporate Social Responsibility (CSR) report for 2022-2023 , titled: “ Better Tomorrow Than Today .” This comprehensive report highlights the collective efforts of NCR and its member companies to create positive impact in the cannabis industry and the communities they serve in the areas of criminal justice reform, equity in business opportunity, workforce utilization, and health disparities.

Key Points: 
  • WASHINGTON, Dec. 13, 2023 (GLOBE NEWSWIRE) -- Today, the National Cannabis Roundtable (NCR) is proud to announce the release of its inaugural Corporate Social Responsibility (CSR) report for 2022-2023 , titled: “ Better Tomorrow Than Today .” This comprehensive report highlights the collective efforts of NCR and its member companies to create positive impact in the cannabis industry and the communities they serve in the areas of criminal justice reform, equity in business opportunity, workforce utilization, and health disparities.
  • "We named this report ‘Better Tomorrow Than Today’ to not only celebrate the great work of our members, but to serve as an acknowledgment of the existing gaps within the U.S. cannabis market and our concentrated efforts to address these challenges,” said Saphira Galoob, Executive Director of the National Cannabis Roundtable.
  • “Looking ahead, we will continue to create initiatives and programs to contribute to the overall growth of the industry.
  • Verano: Launched its Round Up for Cannabis Reform dispensary donation program benefitting The Weldon Project’s MISSION [GREEN] and the non-profit organization’s advocacy for cannabis- related criminal justice reform.

Cresco Labs Reports Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, November 15, 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 third quarter ended September 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 third quarter ended September 30, 2023.
  • The financial information reported in this press release is based on unaudited management prepared financial statements for the quarter ended September 30, 2023.
  • The Company expects to file its unaudited condensed interim consolidated financial statements for the quarter ended September 30, 2023, on SEDAR+ on or about November 15, 2023.
  • Cresco Labs references certain non-GAAP financial measures throughout this press release, which may not be comparable to similar measures presented by other issuers.

Cresco Labs Commends Ohioans on Legalizing Adult-Use Cannabis

Retrieved on: 
Wednesday, November 8, 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 issued a statement on behalf of its CEO Charles Bachtell following over 56 percent of Ohioans voting to pass adult-use cannabis legalization through state ballot measure.

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 issued a statement on behalf of its CEO Charles Bachtell following over 56 percent of Ohioans voting to pass adult-use cannabis legalization through state ballot measure.
  • Ohio represents the 24th state to end cannabis prohibition for adults 21 and over and the 15th state to legalize adult-use cannabis by election.
  • View the full release here: https://www.businesswire.com/news/home/20231107756443/en/
    Cresco Labs applauds cannabis legalization in Ohio.
  • Cresco Labs operates a 50,000 square foot cultivation and processing facility in Yellow Springs that distributes its industry-leading cannabis brands to approximately 60 percent of Ohio’s 111 operating medical dispensaries.

Healing Commercial Real Estate Inc. Appoints Joseph Caltabiano as CEO and Chairman and Engages Piper Sandler & Co. as Financial Advisor

Retrieved on: 
Thursday, November 2, 2023

Company to formally rebrand to Healing Realty Trust

Key Points: 
  • The Company is also excited to announce that it has engaged Piper Sandler & Co., a leading multinational investment bank and financial services company, as its financial advisor.
  • As CEO and Chairman, Mr. Caltabiano is responsible for helping develop Healing CREI's long-term strategic plan to maximize shareholder value.
  • He boosted Cresco's market penetration and was integrally involved with the development of more than 1 million square feet of real estate.
  • Healing CREI is a data driven company that intends to invest in NNN-leased healthcare-related real estate assets.

Cresco Labs to Report Third Quarter 2023 Financial Results on November 15, 2023

Retrieved on: 
Wednesday, November 1, 2023

Cresco Labs (CSE:CL) (OTCQX:CRLBF) (FSE: 6CQ) (“Cresco” 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 announced it will report financial results for the third quarter 2023 on Wednesday, November 15th, 2023 before the market opens.

Key Points: 
  • Cresco Labs (CSE:CL) (OTCQX:CRLBF) (FSE: 6CQ) (“Cresco” 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 announced it will report financial results for the third quarter 2023 on Wednesday, November 15th, 2023 before the market opens.
  • The Company will host a conference call and webcast to discuss its financial results and provide investors with key business highlights.
  • Archived access to the webcast will be available for one year on the Cresco Labs investor relations website.

Cresco Labs Unlocks $32 Million in Non-Dilutive Capital

Retrieved on: 
Thursday, October 19, 2023

In addition, the Company has closed on a conventional mortgage on its Ellenville, NY properties for a principal amount of up to $25.3 million with an interest rate of 8.43%.

Key Points: 
  • In addition, the Company has closed on a conventional mortgage on its Ellenville, NY properties for a principal amount of up to $25.3 million with an interest rate of 8.43%.
  • Our exit from Arizona aligns with our strategy of optimizing our portfolio by prioritizing assets with a greater path to scale,” said Charles Bachtell, CEO of Cresco Labs.
  • SSC Advisors acted as financial advisor to Cresco Labs.
  • Approximately $20 million was funded at close, with the remaining principal held to fund future capital expenditures.

Cresco Labs Launches Good News Brand in Pennsylvania with New Sweet Troches

Retrieved on: 
Monday, October 9, 2023

Good News’ first product, Sweet Troches (troh-kees), is a sublingual form offered in six flavors with 10mg THC.

Key Points: 
  • Good News’ first product, Sweet Troches (troh-kees), is a sublingual form offered in six flavors with 10mg THC.
  • View the full release here: https://www.businesswire.com/news/home/20231009476659/en/
    Cresco Labs brings its Good News brand to Pennsylvania with the launch of Sweet Troches (Photo: Business Wire)
    “We’ve demonstrated repeatedly our ability to build our core brands and core products in new markets to meet market conditions, while also maintaining our strong number-one share positions,” said Charlie Bachtell, CEO & Co-founder of Cresco Labs.
  • We have many targeted strategies in place to continue to grow our share in the state, such as launching smart innovations like Sweet Troches from Good News.
  • In April, Cresco Labs introduced its first Troche from its Wonder Wellness Co. brand.

Cresco Labs Expands Sunnyside in Central Pennsylvania with New Store in Altoona

Retrieved on: 
Thursday, October 5, 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 the opening of Sunnyside Altoona in the Commonwealth of Pennsylvania.

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 the opening of Sunnyside Altoona in the Commonwealth of Pennsylvania.
  • View the full release here: https://www.businesswire.com/news/home/20231005449875/en/
    Cresco Labs opened a new Pennsylvania store in Altoona at 534 W Plank Rd.
  • (Photo: Business Wire)
    “We’re excited to expand in central Pennsylvania to meet the strong demand from patients and caregivers for top quality medical marijuana products,” said Charlie Bachtell, CEO and Co-founder of Cresco Labs.
  • Sunnyside Altoona is dedicated to helping qualified patients unlock all the benefits that medical marijuana can provide.