Streetbeat News

CRLBF

Cresco Labs Inc.

http://www.crescolabs.com/

CEO

Charles Bachtell

Employees

3,500

Industry

Medicinal and Botanical Manufacturing

Open

1.30

Mkt cap

409M

Volume

268K

High

1.32

P/E Ratio

-2.18

52-wk high

2.65

Low

1.20

Div yield

N/A

52-wk low

1.09

On November 17, 2023, several marijuana stocks experienced significant price movements. Notable gainers included EVIO, Global Hemp Group, and iAnthus Capital Holdings, with increases of 100%, 91.11%, and 49.25% respectively. Other gainers were Body and Mind, Item 9 Labs, CordovaCann, SOL Global Investments, Corbus Pharmaceuticals, GrowGeneration, and various others. On the losing side, 1933 Industries led the declines with a 37.93% drop, followed by Zoned Properties, 22nd Century Group, Charlottes Web Holdings, MedMen Enterprises, Greenlane Holdings, Khiron Life Sciences, Eastside Distilling, Cansortium, and Curaleaf Holdings.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 9:30 pm

Senior analyst Pablo Zuanic from Zuanic & Associates has provided a valuation assessment of US Multi-State Operators (MSOs) in the cannabis sector, considering potential federal regulatory changes and state-level legalization trends. He uses a comprehensive methodology to calculate enterprise values (EV) for MSOs, including Acreage Holdings, Ascend Wellness, Curaleaf, Green Thumb Industries, Trulieve, Cresco Labs, and Verano. The analysis is based on factors such as share counts, net debt, and contingent liabilities. The US legal cannabis market is expected to grow significantly, from $18 million in CY20 to $40 million in CY27, indicating a positive outlook for MSOs.

Portfolio Pulse from Nicolás Jose Rodriguez

November 17, 2023 | 4:01 pm

On November 15, 2023, several cannabis-related stocks experienced significant price movements. Notable gainers included EVIO and MPX International, both soaring 9900.00% to close at $0.0001. Other gainers were AusCann Group Holdings, Heritage Cannabis Holding, GreenGro Technologies, MJ Holdings, Auxly Cannabis Group, C21 Investments, iAnthus Capital Hldgs, Zoned Props, Cresco Labs, GrowGeneration, Scotts Miracle Gro, Cansortium, Corbus Pharmaceuticals, 4Front Ventures, MedMen Enterprises, Tilray Brands, and Curaleaf Holdings. Conversely, notable losers included Item 9 Labs, Kaya Holdings, CordovaCann, 1933 Industries, Leafbuyer Techs, Eastside Distilling, CLS Holdings USA, 22nd Century Group, Cann Gr, Indiva, Cannabix Technologies, MariMed, Nextleaf Solutions, Zelira Therapeutics, and Cara Therapeutics.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 9:30 pm

Cresco Labs Inc. reported a 9.4% year-over-year revenue decline in Q3 2023 to $190.5 million, despite strong margins and cash flow. The company's adjusted gross margin and EBITDA margin increased significantly, and it generated $62 million in operating cash flow in the first nine months. However, a net loss of $113.4 million was reported, mainly due to one-time impairment charges. Cresco's shares fell 3.125% to $1.55 post-market on Tuesday.

Portfolio Pulse from Jelena Martinovic

November 15, 2023 | 3:16 pm

The article reports on the significant price movements of various cannabis-related stocks on November 14, 2023. It lists the gainers and losers, with notable increases in stocks such as Global Hemp Group, Elixinol Wellness, and Village Farms Intl, and significant decreases in stocks like Affinor Growers and Rocky Mountain High. The article was generated by Benzinga's automated content engine and reviewed by an editor.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 9:30 pm

Cresco Labs (OTC:CRLBF) is expected to release its quarterly earnings report on Wednesday, 2023-11-15, with analysts predicting an EPS of $-0.04. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Cresco Labs has had mixed earnings performance, with the last quarter missing EPS estimates by $0.08, but the stock price remained unchanged the following day. Over the past year, shares have declined by 54.29%, indicating a bearish sentiment among long-term shareholders ahead of the earnings release.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 2:01 pm

Cannabis stocks experienced significant movements on November 13, 2023. Notable gainers included AusCann Group Holdings, Auxly Cannabis Group, and Rocky Mountain High, with increases of 66.67%, 46.94%, and 26.32% respectively. Eastside Distilling, Cara Therapeutics, and SNDL also saw substantial gains. Conversely, EVIO led the losers with a 98% decline, followed by Global Hemp Group and 1933 Industries. Other notable decliners included Heritage Cannabis Holding, Elixinol Wellness, and Corbus Pharmaceuticals.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 9:30 pm

The article reports significant movements in marijuana stocks on November 10, 2023. Notable gainers include GrowLife, Affinor Growers, and Belgravia Hartford Cap with increases of 400%, 146.39%, and 134.38% respectively. Corbus Pharmaceuticals and Psychemedics also saw substantial gains. On the losing side, Green Growth Brands experienced a significant drop of 90%. The movements reflect the volatile nature of the marijuana industry and could be influenced by regulatory news, earnings reports, or market sentiment.

Portfolio Pulse from Benzinga Insights

November 10, 2023 | 9:30 pm

The article lists the cannabis stocks that gained and lost on November 9, 2023. Notable gainers include Green Growth Brands (OTC:GGBXF), Global Hemp Group (OTC:GBHPF), and Corbus Pharmaceuticals (NASDAQ:CRBP). On the other hand, SOL Glb Inv (OTC:SOLCF), GrowGeneration (NASDAQ:GRWG), and Canopy Gwth (NASDAQ:CGC) were among the biggest losers.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 9:30 pm

Ohio has become the 24th state to legalize recreational cannabis, causing a surge in cannabis stocks. AdvisorShares Pure Cannabis ETF (YOLO) saw a more than 5% increase in value. Other cannabis companies such as Green Thumb Industries Inc (GTBIF), Cresco Labs Inc (CRLBF), TerrAscend Corp (TSNDF), and Cannabist Company Holdings Inc (CBSTF) also experienced changes in their stock prices.

Portfolio Pulse from Patricio Liddle

November 08, 2023 | 9:13 pm

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