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Cresco Labs Inc CRLBF


Primary Symbol: C.CL

Cresco Labs Inc. is an integrated multi-state cannabis operator in the United States. The Company is licensed to cultivate, manufacture, and sell retail and medical cannabis products primarily through Sunnyside, Cresco Labs’ national dispensary brand, and third-party retail stores. Its family brands include Cresco, High Supply, Good News, Wonder Wellness Co., FloraCal Farms, Remedi and Mindy’s. Its portfolio consists of over 400 products. The Company's products are sold in over 1,600 dispensaries across the country. Its Cresco offers consistent strains, available in a variety of product forms at dispensaries and retail locations nationwide. Its High Supply lab-tested; and available in vape carts, vape pens, flower, popcorn, shake, shorties and concentrates. Its Remedi products provide a consistent and trusted alternative to traditional pharmaceuticals like opioids. Its Mindy’s offers dosed edibles created by James Beard. It is the wholesaler of branded cannabis products.


CSE:CL - Post by User

Post by 7Twiggyon Jan 16, 2021 3:06pm
248 Views
Post# 32313785

If you are going to have dilution, this is the type to have

If you are going to have dilution, this is the type to haveCresco has 164 million shares out. The latest bought deal adds 7.8 million shares for a dilution of about 4%. If you are going to have dilution, this is the type to have.  IMO the base is somewhere around the price of the offering or $16.00 and the company ends up with around another $125 million.  You can bet that those new investors have a lot more infomation than the average investor and to make a bet of this nature at close to the 52 week high is a very positive signal.. Cura recently completed a deal of 19 million shares at $16.70. They had 588 million shares before the deal and the stock closed friday at $19.20. I expect we will be hearing a lot of positive news and I suspect a real surge in the stock price when 4th quarter and year end results are released.  
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