Streetbeat News

CRLBF

Cresco Labs Inc.

http://www.crescolabs.com/

CEO

Charles Bachtell

Employees

3,500

Industry

Medicinal and Botanical Manufacturing

Open

0.73

Mkt cap

330M

Volume

60K

High

0.75

P/E Ratio

-4.35

52-wk high

2.60

Low

0.73

Div yield

N/A

52-wk low

0.70

Tim Seymour, portfolio manager of the Amplify Seymour Cannabis ETF (NYSE: CNBS), emphasizes the importance of state-level legalization over federal rescheduling for cannabis industry growth. He highlights the potential in states like Ohio, Florida, and Pennsylvania, and mentions companies like Cresco Labs, Trulieve, and Jushi Holdings as well-positioned to benefit from these changes.

Portfolio Pulse from Nicolás Jose Rodriguez

June 18, 2024 | 3:20 pm

The article compares the YTD stock performance of two baskets of cannabis-related stocks: top five MSOs and top five cannabis lenders. The lender group outperformed the MSO basket and the MSOS ETF. The article suggests diversification in cannabis investments, highlighting the stability of lenders and the potential upside of MSOs.

Portfolio Pulse from Viridian Capital Advisors

June 17, 2024 | 6:13 pm

On June 14, 2024, several marijuana stocks experienced significant price movements. Notable gainers included Global Hemp Group (OTC:GBHPF) and 22nd Century Group (NASDAQ:XXII), while significant losers included Maple Leaf Green World (OTC:MGWFF) and Cara Therapeutics (NASDAQ:CARA).

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 8:30 pm

Cresco Labs (OTC:CRLBF) is highlighted as a top multi-state operator (MSO) in the cannabis industry with strong financial performance and significant growth potential, especially if states like Ohio, Pennsylvania, and Florida legalize recreational cannabis. The company has shown substantial improvement in its financial metrics and is trading at an attractive valuation compared to peers.

Portfolio Pulse from Nicolás Jose Rodriguez

June 13, 2024 | 1:37 am

Zuanic & Associates has initiated coverage on Cresco Labs with an Overweight rating, indicating a positive outlook for the company.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 11:10 am

Verano Holdings (OTC:VRNOF) is projected to see a rise in sales and EBITDA, with potential profitability by 2025. The company is compared favorably against other multi-state operators (MSOs) like Green Thumb (OTC:GTBIF), Curaleaf (OTC:CURLF), Ascend Wellness (OTC:AAWH), and Cresco Labs (OTC:CRLBF).

Portfolio Pulse from Nicolás Jose Rodriguez

June 07, 2024 | 12:17 pm

A new ad campaign in Florida highlights the dangers of unregulated marijuana and advocates for the legalization of cannabis through Amendment 3. The campaign, supported by Smart and Safe Florida and financially backed by Trulieve Cannabis Corp and other cannabis companies, aims to ensure safe and regulated marijuana for adults. The amendment will be voted on in November 2024.

Portfolio Pulse from Maureen Meehan

June 05, 2024 | 8:50 pm

The cannabis sector experienced significant movements on June 3, 2024, with notable gainers and losers. Key gainers include Eastside Distilling (NASDAQ:EAST), Corbus Pharmaceuticals (NASDAQ:CRBP), and Cara Therapeutics (NASDAQ:CARA). Major losers include Scotts Miracle Gro (NYSE:SMG), Village Farms Intl (NASDAQ:VFF), and Canopy Growth (NASDAQ:CGC).

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 8:30 pm

The article lists the top gainers and losers among cannabis stocks for May 31, 2024. Notable gainers include Blueberries Medical, Target Group, and Cara Therapeutics, while significant losers include Global Hemp Group, 22nd Century Group, and Global Compliance.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 8:30 pm

Senior analyst Pablo Zuanic projects significant growth in Ohio's cannabis market as it transitions to adult-use recreational sales by July 2024. The market could grow fourfold within a year, reaching $2.3 billion. Publicly traded multi-state operators (MSOs) like Vext, Acreage, Cannabist, and Ascend are identified as having high potential for market cap gains.

Portfolio Pulse from Nicolás Jose Rodriguez

May 30, 2024 | 7:07 pm

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