Cresco Labs

Fiore Cannabis Highlights Strong Cannabis Sales Surge in Nevada Market Still Recovering from Impacts of Pandemic

Thursday, April 8, 2021 - 2:34pm

Nevada's total retail cannabis sales hit a record high in January 2021 and were up 30% year over year.

Key Points: 
  • Nevada's total retail cannabis sales hit a record high in January 2021 and were up 30% year over year.
  • "Our operating markets of Nevada and California are considered two of the best in the U.S. for cannabis.
  • With Fiore, we have developed opportunities in both these states to be strong performers in specific market segments and to become vertically integrated over time.
  • Fiore Cannabis (CSE: FIOR) (OTCQX: FIORF) is a publicly traded company that has been investing in the development of medical and recreational cannabis products since 2014.

Cresco Labs Commends New York State for Passing Adult Use Cannabis Legislation

Wednesday, March 31, 2021 - 7:00pm

Cresco Labs (CSE:CL) (OTCQX:CRLBF) (Cresco Labs or the Company), a vertically integrated operator and the number one wholesaler of branded cannabis products in the U.S., today provided comments on the legalization of adult-use cannabis in New York.

Key Points: 
  • Cresco Labs (CSE:CL) (OTCQX:CRLBF) (Cresco Labs or the Company), a vertically integrated operator and the number one wholesaler of branded cannabis products in the U.S., today provided comments on the legalization of adult-use cannabis in New York.
  • New York is the financial and cultural capital of the world and the legalization of cannabis for adult-use should serve as a catalyst for the progression of cannabis laws far beyond the boundaries of the state.
  • Cresco Labs is one of the ten operators licensed for vertical operations in New York and we look forward to deepening our position in the state ahead of adult-use sales commencing.
  • The creation of a robust adult-use market allowing existing operators (like Cresco Labs) to remain vertically integrated.

Bluma Wellness Obtains Final Order Approving Arrangement with Cresco Labs

Friday, March 26, 2021 - 8:30pm

Bluma Wellness Inc. (the Company or Bluma Wellness) (CSE: BWEL.U) (OTCQX:BMWLF) is pleased to announce that the Company has obtained a final order of the Supreme Court of British Columbia approving the previously announced acquisition of the Company by Cresco Labs Inc. (Cresco), by way of a plan of arrangement under the Business Corporations Act (British Columbia) (the Arrangement).

Key Points: 
  • Bluma Wellness Inc. (the Company or Bluma Wellness) (CSE: BWEL.U) (OTCQX:BMWLF) is pleased to announce that the Company has obtained a final order of the Supreme Court of British Columbia approving the previously announced acquisition of the Company by Cresco Labs Inc. (Cresco), by way of a plan of arrangement under the Business Corporations Act (British Columbia) (the Arrangement).
  • The Arrangement was approved by the Bluma Shareholders at the special meeting of Bluma Shareholders held on March 19, 2021.
  • Bluma Wellness Inc. owns and operates a vertically-integrated, licensed medical cannabis company in the State of Florida doing business as One Plant Florida.
  • Bluma Wellness plans to continue expanding its cultivation and distribution operations as the Florida market grows.

Bluma Wellness Announces Shareholder Approval for Proposed Plan of Arrangement with Cresco Labs

Friday, March 19, 2021 - 8:30pm

Bluma Wellness Inc. (the Company or Bluma Wellness) (CSE: BWEL.U) (OTCQX:BMWLF) is pleased to announce that shareholders of the Company (Bluma Shareholders) approved all resolutions brought before them at the Companys Special Meeting of Shareholders held today (the Meeting), including the special resolution (the Special Resolution) to approve the acquisition of the Company (the Arrangement) by Cresco Labs Inc. (Cresco), by way of a plan of arrangement under the Business Corporations Act (British Columbia) (the Plan of Arrangement).

Key Points: 
  • Bluma Wellness Inc. (the Company or Bluma Wellness) (CSE: BWEL.U) (OTCQX:BMWLF) is pleased to announce that shareholders of the Company (Bluma Shareholders) approved all resolutions brought before them at the Companys Special Meeting of Shareholders held today (the Meeting), including the special resolution (the Special Resolution) to approve the acquisition of the Company (the Arrangement) by Cresco Labs Inc. (Cresco), by way of a plan of arrangement under the Business Corporations Act (British Columbia) (the Plan of Arrangement).
  • The Company will apply to the Court for the Final Order to approve the Arrangement on March 25, 2021, unless adjourned.
  • Bluma Wellness Inc. owns and operates a vertically-integrated, licensed medical cannabis company in the State of Florida doing business as One Plant Florida.
  • Bluma Wellness plans to continue expanding its cultivation and distribution operations as the Florida market grows.

Cresco Labs to Gain Leadership Position in Massachusetts Through Acquisition of Cultivate

Thursday, March 18, 2021 - 11:51am

Through this acquisition, Cresco Labs will immediately vault to a top 3 share position in Massachusetts, the third $1B+ cannabis market where weve achieved this status, said Charles Bachtell, CEO of Cresco Labs.

Key Points: 
  • Through this acquisition, Cresco Labs will immediately vault to a top 3 share position in Massachusetts, the third $1B+ cannabis market where weve achieved this status, said Charles Bachtell, CEO of Cresco Labs.
  • Cultivate has been a trailblazer and an operational standout since the early days of the Massachusetts market.
  • Mr. Bachtell continued, This will also mark the fourth state in which we operate the maximum number of retail stores.
  • At a period of industry inflection, we are cementing our leadership in a deliberate manner as the most important company in cannabis.

Bluma Wellness Announces US$7.5 Million Loan from Cresco Labs

Monday, March 15, 2021 - 8:30pm

Bluma Wellness Inc. (the Company or Bluma Wellness) (CSE: BWEL.U) (OTCQX:BMWLF) announces that its wholly-owned, indirect operating subsidiary, 3 Boys Farm, LLC (d/b/a One Plant Florida) (One Plant Florida), has agreed to borrow the principal amount of US$7,500,000 (the Loan) from a subsidiary of Cresco Labs Inc. (CSE:CL) (OTCQX:CRLBF) (Cresco).

Key Points: 
  • Bluma Wellness Inc. (the Company or Bluma Wellness) (CSE: BWEL.U) (OTCQX:BMWLF) announces that its wholly-owned, indirect operating subsidiary, 3 Boys Farm, LLC (d/b/a One Plant Florida) (One Plant Florida), has agreed to borrow the principal amount of US$7,500,000 (the Loan) from a subsidiary of Cresco Labs Inc. (CSE:CL) (OTCQX:CRLBF) (Cresco).
  • The Loan may be prepaid in whole or in part at any time, without premium or penalty.
  • Bluma Wellness Inc. owns and operates a vertically-integrated, licensed medical cannabis company in the State of Florida doing business as One Plant Florida.
  • Bluma Wellness plans to continue expanding its cultivation and distribution operations as the Florida market grows.

Bluma Wellness Inc. Announces Expiration of HSR Act Waiting Period for Its Proposed Acquisition By Cresco Labs

Thursday, March 11, 2021 - 1:30pm

The waiting period expired without the issuance of a so-called second request by the United States Department of Justice Antitrust Division (the DOJ).

Key Points: 
  • The waiting period expired without the issuance of a so-called second request by the United States Department of Justice Antitrust Division (the DOJ).
  • We are excited to be one step closer to bringing the Cresco Labs and Bluma Wellness teams together to execute on our aggressive expansion plans in Florida, said Brady Cobb, CEO of Bluma Wellness.
  • Bluma Wellness Inc. owns and operates a vertically-integrated, licensed medical cannabis company in the State of Florida doing business as One Plant Florida.
  • Bluma Wellness plans to continue expanding its cultivation and distribution operations as the Florida market grows.

Cresco Labs Announces Expiration of HSR Act Waiting Period for the Proposed Acquisition of Bluma Wellness

Thursday, March 11, 2021 - 12:30pm

Cresco Labs (CSE:CL) (OTCQX:CRLBF) (Cresco or the Company), one of the largest vertically integrated multistate cannabis operators in the United States, and Bluma Wellness Inc. (CSE: BWEL.U) (OTCQX:BMWLF) (Bluma), a vertically integrated operator in Florida, announced today the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the HSR Act), as amended, in respect to Cresco Labs pending acquisition of Bluma (the Transaction).

Key Points: 
  • Cresco Labs (CSE:CL) (OTCQX:CRLBF) (Cresco or the Company), one of the largest vertically integrated multistate cannabis operators in the United States, and Bluma Wellness Inc. (CSE: BWEL.U) (OTCQX:BMWLF) (Bluma), a vertically integrated operator in Florida, announced today the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the HSR Act), as amended, in respect to Cresco Labs pending acquisition of Bluma (the Transaction).
  • The waiting period expired without the issuance of a so-called second request by the United States Department of Justice Antitrust Division (the DOJ).
  • Cresco Labs is one of the largest vertically integrated, multistate cannabis operators in the United States, with a mission to normalize and professionalize the cannabis industry.
  • Sunnyside, Cresco Labs national dispensary brand, is a wellness-focused retailer created to build trust, education and convenience for both existing and new cannabis consumers.

Cresco Labs to Report Fourth Quarter and Full Year 2020 Financial Results on March 25th, 2021

Thursday, March 4, 2021 - 12:30pm

Cresco Labs (CSE:CL) (OTCQX:CRLBF) (Cresco or the Company), one of the largest vertically integrated multistate cannabis operators in the United States, announced today that it will report financial results for the fourth quarter and full year ended December 31st, 2020 on Thursday March 25th, 2021 before the market opens.

Key Points: 
  • Cresco Labs (CSE:CL) (OTCQX:CRLBF) (Cresco or the Company), one of the largest vertically integrated multistate cannabis operators in the United States, announced today that it will report financial results for the fourth quarter and full year ended December 31st, 2020 on Thursday March 25th, 2021 before the market opens.
  • Archived access to the webcast will be available for one year on the Cresco Labs investor relations website.
  • Cresco Labs is one of the largest vertically integrated, multistate cannabis operators in the United States, with a mission to normalize and professionalize the cannabis industry.
  • Sunnyside, Cresco Labs national dispensary brand, is a wellness-focused retailer created to build trust, education and convenience for both existing and new cannabis consumers.

Cresco Labs Announces Upcoming Investor Conference Participation

Thursday, February 25, 2021 - 12:30pm

Cresco Labs (CSE:CL) (OTCQX:CRLBF) (Cresco or the Company), one of the largest vertically integrated multistate cannabis operators in the United States, announced today its participation in the following investor conferences:

Key Points: 
  • Cresco Labs (CSE:CL) (OTCQX:CRLBF) (Cresco or the Company), one of the largest vertically integrated multistate cannabis operators in the United States, announced today its participation in the following investor conferences:
    Needham 2nd Annual Virtual Cannabis Conference March 3rd, 2021 Management will participate in virtual one-on-one meetings.
  • Stifel Multi-Sector Conference April 21st, 2021 Management will participate in virtual one-on-one meetings.
  • Cresco Labs is one of the largest vertically integrated, multistate cannabis operators in the United States, with a mission to normalize and professionalize the cannabis industry.
  • Sunnyside, Cresco Labs national dispensary brand, is a wellness-focused retailer created to build trust, education and convenience for both existing and new cannabis consumers.