Cresco Labs Inc CRLBF

Primary Symbol: C.CL

Healthcare Cannabis

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.

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Cresco Labs Inc

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Post by 7Twiggyon Jan 24, 2021 2:33pm

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Post# 32371275

New revenue should hit in Q1

resco Labs opens 10th cannabis dispensary in Illinois

Sunnyside Naperville is Cresco Labs' 10th cannabis dispensary in Illinois and 20th nationwide.

By I-Chun Chen – Staff Reporter,

Dec 23, 2020, 3:29pm EST

Cannabis company Cresco Labs has opened its 10th Illinois dispensary in Naperville, becoming the first cannabis operator to reach the milestone in the state.

Chicago-based Cresco (CSE: CL; OTCQX: CRLBF) said the opening of its Sunnyside dispensary at 2740 W. 75th St. is part of an accelerated growth in locations this year.

“Our retail platform continues to outperform because we put such a premium on finding the right location for our stores, and Naperville is another example of opening a new location in the heart of one of the city’s most vibrant retail spaces—on the same block as Costco, Whole Foods and Starbucks,” Cresco Labs co-founder and Chief Executive Charlie Bachtell said in a statement. “We are normalizing the cannabis shopping experience.”

Cresco said Illinois is one of the most robust cannabis markets in the country, with the state’s annual retail sales reaching more than a billion dollars.

The 8,400-square-foot Sunnyside Naperville store will feature 12 points of sale and employ about 40 people. Adult customers can browse live inventory, place online orders and pick up orders in-store. They will receive a confirmation when their order is ready for pickup.

In Illinois, Cresco Labs has 10 stores in the River North and Lakeview neighborhoods of downtown Chicago; Chicago northwestern suburb of Schaumburg; villages of Elmwood Park and Buffalo Grove in Cook County; northern cities of Rockford and South Beloit, which is near the Wisconsin border; city of Champaign in central Illinois; and city of Danville in eastern Illinois near the Indiana border.

The company has 20 operating stores in six states, including Illinois, Arizona, Ohio, Pennsylvania, New York and Massachusetts.