Workers at the Cresco Labs marijuana grow facility in Joliet voted Tuesday to unionize, two weeks after recreational weed sales started in Illinois. Workers at the facility voted 58 to 32 to be represented by the United Food & Commercial Workers union, said Zach Koutsky, legislative and political director for Local 881 UFCW. “These workers […]
Charlie Bachtell
Cresco Closes Acquisition of Origin House, Adding Leading California Wholesale Distribution and Cultivation Operations to Its Strategic National Footprint
PRESS RELEASE Establishes Cresco as one of the largest wholesale distributors in California. Expected to enable Cresco to continue developing its house of brands in one of the largest and most influential legal cannabis markets in the world. Combines two industry-leading cultivation, branding and distribution teams. CHICAGO–(BUSINESS WIRE)– Cresco Labs Inc. (CSE: CL, OTCQX: CRLBF) […]
Cresco Labs Announces Increased Profitability in Third Quarter 2019 With Revenue Growth of 184% Year-Over-Year and 21% Quarter-Over-Quarter
PRESS RELEASE Conference Call with Investors and Analysts to be Held at 6:00 p.m. Eastern Time Today CHICAGO–(BUSINESS WIRE)– Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) (“Cresco” or the “Company”) one of the largest vertically integrated multistate cannabis operators in the United States, today released its unaudited financial results for the third quarter […]
Cresco Labs Launches First Industry-Defining Incubator Program for Illinois Adult-Use Market Dispensary Applicants
Program provides actionable, expert guidance to bring inclusivity to Cannabis Industry CHICAGO–(BUSINESS WIRE)–Cresco Labs Inc. (“Cresco Labs” or the “Company”) (CSE:CL) (OTCQX:CRLBF), one of the largest vertically integrated multistate cannabis operators in the United States, announced the official kickoff of its community impact incubator program, part of its SEED (Social Equity and Educational Development) initiative, […]
Cresco Labs Announces Closing of Acquisition in New York State
PRESS RELEASE Acquisition Adds One of Only 10 Vertically Integrated Cannabis Business Licenses Issued by the State of New York CHICAGO–(BUSINESS WIRE)– Cresco Labs Inc. (“Cresco Labs” or the “Company”) (CSE: CL) (OTCQX: CRLBF), one of the largest vertically integrated multistate cannabis operators in the United States, today announced that it has closed its acquisition […]
Cresco Labs Enters Into Sale-and-Leaseback Agreement With Innovative Industrial Properties for Illinois Facilities
PRESS RELEASE CHICAGO–(BUSINESS WIRE)–Cresco Labs Inc. (“Cresco Labs” or the “Company”) (CSE: CL) (OTCQX: CRLBF), one of the largest vertically integrated multistate cannabis operators in the United States, today announced that it has signed a binding agreement to sell its Joliet and Kankakee, Illinois properties to Innovative Industrial Properties, Inc. (“IIP”) for approximately $46.3 million, […]
Cresco Labs to Acquire Tryke Including the Reef Dispensary Portfolio – Consistent With Stated Plan to Establish Market Leading Positions in Both Nevada and Arizona and Build Brand and Wholesale Capabilities
PRESS RELEASE Tryke generated US$70.4 million in Revenue and US$24.6 million in EBITDA in fiscal 20181, making it one of the highest grossing and most profitable private cannabis companies in the U.S. market. Nevada is one of the largest and fastest growing cannabis markets in the U.S. with 2019 sales estimates of up to US$940 […]
Cresco Labs Hires Angie Demchenko as its First Chief People Officer
PRESS RELEASE CHICAGO–(BUSINESS WIRE)– Cresco Labs Inc. (“Cresco Labs” or the “Company”) (CSE: CL) (OTCQX: CRLBF), one of the largest vertically integrated multistate cannabis operators in the United States, today announced that Angie Demchenko has joined the Company as its first Chief People Officer. Ms. Demchenko most recently served as Vice President, Head of Human […]
Cresco Labs Adds Amazon and Sears Technology Veteran Mo Dastagir as Chief Information Officer
PRESS RELEASE CHICAGO–(BUSINESS WIRE)– Cresco Labs Inc. (“Cresco Labs” or the “Company”) (CSE: CL) (OTCQX: CRLBF), one of the largest vertically integrated multistate cannabis operators in the United States, today announced that Mo Dastagir has joined the Company as its new Chief Information Officer. Mr. Dastagir succeeds Zach Marburger, who is taking on a new […]
Cresco Labs Announces Profitable Fourth Quarter 2018 Financial Results with Revenue Growth of 411% Year-over-Year and 33% Quarter-over-Quarter
PRESS RELEASE CHICAGO–(BUSINESS WIRE)–Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (“Cresco” or the “Company”) one of the largest vertically integrated multistate cannabis operators in the United States, today released its unaudited financial results for the fourth quarter and full year ended December 31, 2018. All financial information presented in this release is in U.S. dollars, […]
Cresco Lab to Acquire Origin House In Largest-Ever Company Acquisition In The Cannabis Sector
PRESS RELEASE SOLIDIFIES A LEADING POSITION IN CALIFORNIA, THE WORLD’S LARGEST REGULATED CANNABIS MARKET CREATES A CANNABIS INDUSTRY POWERHOUSE – COMBINED ENTITY WILL HAVE THE LEADING DISTRIBUTION FOOTPRINT IN NORTH AMERICA ADDITION OF CALIFORNIAN BRANDS AND EXPERTISE TO SUPPORT CONTINUED GLOBAL EXPANSION April 1, 2019 – CHICAGO, IL & OTTAWA, CANADA – Cresco Labs Inc. […]
Cresco Labs Receives Approval to Enter the Michigan Market
PRESS RELEASE CHICAGO & LANSING, Mich.–(BUSINESS WIRE)– Cresco Labs Inc. (“Cresco Labs” or the “Company”) (CSE: CL) (OTCQX: CRLBF), one of the largest vertically integrated multistate cannabis operators in the United States, today announced that it has completed the most comprehensive portion of Michigan’s application process, being pre-qualified for a cultivation and processing license by […]
Cresco Labs Enters Florida – Will Have Access to 65% of the Total Addressable U.S. Cannabis Market
PRESS RELEASE CHICAGO & JACKSONVILLE, Fla.–(BUSINESS WIRE)– Cresco Labs Inc. (“Cresco Labs” or the “Company”) (CSE: CL) (OTCQX: CRLBF), one of the largest vertically integrated multistate cannabis operators in the United States, today announced that it is entering the Florida market through the signing of a letter agreement to acquire the ownership interests or assets […]
Cresco Labs’ Dispensary Launches Newly Enacted Illinois Opioid Alternative Pilot Program
PRESS RELEASE CHICAGO–(BUSINESS WIRE)–Cresco Labs (CSE: CL) (“Cresco” or “the Company”), one of the largest vertically integrated multistate cannabis operators in the United States, announced that the Company’s FloraMedex dispensary launched Illinois’ Opioid Alternative Pilot Program (OAPP) today vastly expanding the population of Illinois patients who can access medical cannabis in place of pharmaceutical opioid […]
Cresco Labs Continues Illinois Expansion With Acquisition of Two Dispensaries
PRESS RELEASE New Key Retail Locations Add to Existing Retail and Manufacturing Presence CHICAGO–(BUSINESS WIRE)–Cresco Labs (CL:CSE), one of the largest vertically integrated multi-state cannabis operators in the United States, today announced that it has signed dual definitive agreements to acquire licensed Illinois medical cannabis dispensaries MedMar Rockford and MedMar Lakeview, located in the popular […]
Cresco Labs Appoints Former Nike Global Creative Director and National Design Award Recipient Scott Wilson as Chief Experience fficer
PRESS RELEASE CRESCO LABS IS CHANGING THE CANNABIS CONSUMER EXPERIENCE WITH NEW EXECUTIVE APPOINTMENT (Chicago, IL) – November 2, 2018 – Cresco Labs, one of the largest vertically integrated multi-state cannabis operators in the United States, today announced the appointment of Scott Wilson to the new role of Chief Experience Officer. As CXO, Wilson will extend […]
Cresco Labs Expands Arizona Footprint With Acquisition of Cultivation, Processing and Dispensary Assets
PRESS RELEASE Cultivation Footprint Now Approaching 1,000,000 Square Feet (Chicago, IL) – October 29, 2018 – Cresco Labs, one of the largest multi-state vertically integrated cannabis operators in the United States, today announced its acquisition of licenses and assets in the state of Arizona. This marks Cresco Labs’ second acquisition in Arizona, adding two cultivation […]
Chicago marijuana company Cresco set to go public in Canada, raise funds for expansion here
Medical marijuana company Cresco Labs is moving forward with a plan to go public in Canada, a step that will give it access to additional funds to grow its business in Illinois and nationwide. Cresco announced Wednesday that it entered into a reverse takeover agreement with Randsburg International Gold Corp. that will result in a […]
