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, […]
Charlie Bachtell
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 […]
Cresco Labs Announces Hire of Jason Erkes As Its First Chief Communications Officer
PRESS RELEASE (CHICAGO, September 12, 2018) – Cannabis industry leader Cresco Labs, one of the largest and fastest-growing U.S. cannabis companies, today announced the hire of veteran communications strategist Jason Erkes as its first chief communications officer. Erkes, a former Emmy-winning journalist and successful entrepreneur, has served as a consultant to the company for three […]
Cresco Labs Announces Massive Expansion to California, Arizona and Nevada Product Line will be Available by End of Year
PRESS RELEASE (Chicago, IL) Midwest-based Cresco Labs announced acquisition and expansion plans today adding three new markets, one medical and two adult-access states, to their already impressive operational presence in Illinois, Pennsylvania and Ohio. Cresco Labs will be launching vertically-integrated businesses in California, Arizona and Nevada with their product suite available in late 2018. With […]
Cresco Labs…Oh what a year it has been!
A year ago, I had the privilege of sharing Charlie Bachtell and his team at Cresco Labs’ story (The Big Boys Bring the A-Team and Game to Illinois and Beyond: Cresco Labs) with CBE’s readers. It was a story filled with a lot of hope, smart planning, a unique marketing and go to market strategy which […]
