Cresco Labs

Cresco Labs and Columbia Care Provide Update on Transaction

Retrieved on: 
Friday, June 30, 2023

Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or “the Company), and Columbia Care (NEO:CCHW) (CSE:CCHW) (OTCQX:CCHWF) (“Columbia Care”), today announced that they will not be able to complete the divestitures necessary to secure all necessary regulatory approvals to close the pending transaction by the outside date of June 30, 2023 that is specified in the arrangement agreement dated March 23, 2022 and amended on February 27, 2023.

Key Points: 
  • Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or “the Company), and Columbia Care (NEO:CCHW) (CSE:CCHW) (OTCQX:CCHWF) (“Columbia Care”), today announced that they will not be able to complete the divestitures necessary to secure all necessary regulatory approvals to close the pending transaction by the outside date of June 30, 2023 that is specified in the arrangement agreement dated March 23, 2022 and amended on February 27, 2023.
  • At this stage, Cresco and Columbia Care are working amicably with respect to the next steps in relation to the transaction and will provide further updates in the near future.

Cresco Labs Adds Two Dispensaries in Washington and Somerset to Pennsylvania Footprint

Retrieved on: 
Thursday, June 29, 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 opening of Sunnyside Washington and Sunnyside Somerset in the Commonwealth of Pennsylvania.
  • View the full release here: https://www.businesswire.com/news/home/20230705368672/en/
    Cresco Labs opened two dispensaries in Washington and Somerset, Pennsylvania.
  • Somerset is home to Seven Points, one of the largest resorts in Pennsylvania, and its location in the Laurel Highlands makes it a popular destination for outdoor recreation.

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.

Columbia Care Reports First Quarter 2023 Results

Retrieved on: 
Monday, May 15, 2023

[2]Excludes $0.6 million in Q1 2023 and $5.6 million in Q4 2022; see the Company’s Quarterly Report on Form 10-Q for the period ended March 31, 2023 for additional disclosure.

Key Points: 
  • [2]Excludes $0.6 million in Q1 2023 and $5.6 million in Q4 2022; see the Company’s Quarterly Report on Form 10-Q for the period ended March 31, 2023 for additional disclosure.
  • In furtherance of the Arrangement Agreement, Columbia Care continues to collaborate closely with Cresco Labs on the divestiture transactions required to obtain the regulatory approvals which are conditions of closing of the Arrangement.
  • The Company will host a conference call on Monday, May 15, 2023 at 8:00 a.m.
  • ET to discuss financial and operating results for the first quarter of 2023.

Cresco Labs to Report First Quarter 2023 Financial Results on May 24, 2023

Retrieved on: 
Friday, May 12, 2023

Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco Labs” or “the Company”), a vertically integrated multistate operator and the number one U.S. wholesaler of branded cannabis products, today announced it will report financial results for the first quarter of 2023 on Wednesday, May 24th before the market opens.

Key Points: 
  • Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco Labs” or “the Company”), a vertically integrated multistate operator and the number one U.S. wholesaler of branded cannabis products, today announced it will report financial results for the first quarter of 2023 on Wednesday, May 24th 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.

Tanium Converge Begins North American Tour

Retrieved on: 
Wednesday, May 3, 2023

Tanium , the industry’s only provider of converged endpoint management (XEM) , today announced the North American leg of its Converge World Tour 2023 , a six-city series of its global user conference.

Key Points: 
  • Tanium , the industry’s only provider of converged endpoint management (XEM) , today announced the North American leg of its Converge World Tour 2023 , a six-city series of its global user conference.
  • Converge is Tanium’s flagship event that brings together industry practitioners, peers, and partners to share strategies for leveraging converged endpoint management to improve IT operations and cybersecurity readiness.
  • Tanium challenges the status quo of multiple point solutions that span organizational silos.
  • “Converge showcases our longstanding commitment to protect and defend our customers,” said Steve Daheb, chief marketing officer at Tanium .

Doobie Launches Direct-to-Consumer Partnership with Cresco Labs to Deliver Portfolio of Brands

Retrieved on: 
Wednesday, April 19, 2023

Through Doobie's direct-to-consumer delivery solution, Doobie Direct, today customers in Massachusetts can begin ordering their favorite Cresco Labs' products and have them delivered to their door.

Key Points: 
  • Through Doobie's direct-to-consumer delivery solution, Doobie Direct, today customers in Massachusetts can begin ordering their favorite Cresco Labs' products and have them delivered to their door.
  • The partnership between Doobie and Cresco Labs is a natural fit, as both companies are dedicated to providing high-quality products and exceptional customer service.
  • "We are excited to partner with Cresco Labs and offer their customers the ease of delivery" said Joseph Rubin, CEO of Doobie.
  • Doobie's partnership with Cresco Labs is the cannabis delivery partner's fifth direct-to-consumer partnership, following launches with Cann, Fernway, Cantrip, and TILT Holdings.

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.

Educators Combine to Create Cannabis Coalition to Strengthen Cannabis Education

Retrieved on: 
Tuesday, April 11, 2023

CLEVELAND, April 11, 2023 /PRNewswire/ -- Several cannabis institutions, programs and educators have joined forces to create The National Association for Marijuana and Cannabis Educators (NAMCE)- a nonprofit organization geared towards strengthening the quality and standards of cannabis educators to drive safer outcomes for consumers and support employment within the industry.

Key Points: 
  • CLEVELAND, April 11, 2023 /PRNewswire/ -- Several cannabis institutions, programs and educators have joined forces to create The National Association for Marijuana and Cannabis Educators (NAMCE)- a nonprofit organization geared towards strengthening the quality and standards of cannabis educators to drive safer outcomes for consumers and support employment within the industry.
  • "MM411 appreciates NAMCE's support of common sense education standards that promote consistency and safety within the industry," says Chris DeVol of Medical Marijuana 411, a global cannabis education platform.
  • Led by interim Director Michael Fields, NAMCE's core team and founding education partners will focus their early efforts around:
    Reinforcing industry standards for cannabis education that lead to employment pathways.
  • We as educators and trainers should understand that we can't create these standards in a vacuum or allow opportunistic companies to pop up and call themselves cannabis educators if we are serious about industry sustainability," says Russell.