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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 Feb 01, 2021 5:21pm
220 Views
Post# 32440413

From the Yahoo Finance discussions

From the Yahoo Finance discussionsAlong with the big cultivation expansions I mentioned in my reply to the previous message, I will repeat again the really big impact getting the 75 additional social equity licenses awarded in Illinois. Cresco expanded their capacity by 600% in Illinois last year which was supposed to coincide with the awarding of these additional licenses so Cresco is ready to supply them. No MSO will get any of these licenses however Cresco will play a big part as a wholesale supplier. There will be a minimum of 21 applicants which already were named which will immediately start building out their retail stores once these licenses are awarded. That means at least 21 new stores by summer which will need to stock their initial inventory. To get an idea of how big a wholesaler Cresco is in Illinois, take a look at the Beyond Hello (Jushi owned) dispensary opened last week in Bloomington IL. 19 out of 53 of the flower products (36%) are Cresco products. I consistently see about one third of the flower product in new stores are Cresco products. There are currently 82 dispensaries open in Illinois and the 75 additional will provide a big revenue bump this summer. IMO, the second half of the year is going to be huge for Cresco.
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