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

Ohio voters have approved a ballot initiative to legalize adult-use cannabis. Industry leaders, including TILT Holdings (OTC:TLLTF) and Cresco Labs (OTCQX: CRLBF), have praised the decision. The legalization is expected to generate between $276.2 million and $403.6 million in annual tax dollars by the fifth year and create at least 3,300 jobs.

Portfolio Pulse from Maureen Meehan

November 08, 2023 | 8:27 pm

Workers at Home State Dispensary in Missouri have voted to join Teamsters Local 955, marking the first group of cannabis workers in the Kansas City metropolitan area to unionize. The Missouri cannabis industry is projected to gross over $1 billion in revenue this year. The International Brotherhood of Teamsters and the United Food and Commercial Workers Union (UFCW) have been actively engaging with cannabis industry workers across the U.S. Recent unionization efforts have been successful within companies like Ayr Wellness, Cannabist Company Holdings, Cresco Labs Stock, Grassdoor, and Verano Holdings Corp.

Portfolio Pulse from Nina Zdinjak

November 02, 2023 | 1:14 pm

The article lists the marijuana stocks that gained and lost on November 1, 2023. Notable gainers include Affinor Growers (RSSFF), Scotts Miracle Gro (SMG), and Psychemedics (PMD). Major losers include Plant Based Investment (CWWBF), Belgravia Hartford Cap (BLGVF), and Rocky Mountain High (RMHB).

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 9:30 pm

The cannabis sector experienced significant movement on October 31, 2023. Notable gainers included Choom Holdings, MPX International, and Rocky Mountain High, with shares closing up 9900.00%, 1100.00%, and 100.00% respectively. On the other hand, Global Hemp Group, EVIO, and Target Group were among the biggest losers, with shares closing down 55.11%, 50.00%, and 28.36% respectively.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 9:30 pm

The marijuana stock market experienced a bearish Wednesday with several stocks seeing significant changes. MGC Pharmaceuticals, Psychemedics, Body and Mind, iAnthus Capital Holdings, Nextleaf Solutions, Indiva, Leafbuyer Techs, GreenGro Technologies, CV Sciences, Kaya Holdings, 22nd Century Group, CLS Holdings USA, EnWave, and Cansortium saw gains. However, EVIO, AusCann Group Holdings, Item 9 Labs, 1933 Industries, MJ Holdings, Canopy Growth, Rocky Mountain High, C21 Investments, Cresco Labs, Curaleaf Holdings, Global Compliance, Aurora Cannabis, SOL Global Investments, Tilray Brands, Trulieve Cannabis, Zoned Properties, Cara Therapeutics, OrganiGram Holdings, Village Farms International, Cronos Group, SNDL, GrowGeneration, Green Thumb Industries, Neptune Wellness Solutions, 4Front Ventures, and Charlottes Web Holdings saw losses.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 9:30 pm

Employees at a Las Vegas marijuana shop, The Dispensary, operated by Ayr Wellness Inc (OTCQX:AYRWF), have voted to unionize under the United Food and Commercial Workers Union (UFCW). This follows similar unionization efforts at other cannabis companies across the U.S., including Cannabist Company Holdings Inc (OTCQX:CBSTF) in New Jersey, Cresco Labs Stock (OTC:CRLBF) in Illinois, and Verano Holdings Corp (OTCQX:VRNOF) in Chicago.

Portfolio Pulse from Patricio Liddle

October 24, 2023 | 8:03 pm

A report by Z&A research firm reveals mixed growth in the cannabis industry across 17 states in 3Q23. Seven states saw a decline in sales, while ten posted growth. Maryland's sales doubled due to the initiation of recreational sales. Florida and Massachusetts saw mid-single-digit growth, while Illinois, New Mexico, and Washington reported low single-digit growth. However, sales declined in Missouri, Ohio, Oregon, California, Colorado, and Nevada. The report also highlights the impact of revenue per store on operator margins and the effect of the number of stores on operators.

Portfolio Pulse from Nicolás Jose Rodriguez

October 23, 2023 | 2:26 am

The article reports on the performance of various marijuana stocks on a bearish Friday. Among the top gainers were Maple Leaf Green World, Pharmadrug, Elixinol Wellness, and Urban-gro, with shares closing up between 10.17% and 34.65%. On the other hand, MPX International, Zoned Props, MJ Holdings, and Cannabix Technologies were among the top losers, with shares closing down between 4.04% and 95.83%.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 9:30 pm

The article lists the cannabis stocks that gained and lost on October 19, 2023. Notable gainers include EVIO, Choom Holdings, MJ Holdings, CLS Holdings USA, Corbus Pharmaceuticals, and Greenlane Hldgs. Significant losers include Target Group, Body and Mind, Elixinol Wellness, Kaya Holdings, Pharmadrug, and Canopy Gwth.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 9:30 pm

Cresco Labs Inc. has closed the sale of its sole licensed Arizona operation to an affiliate of Mint Cannabis for $6.5 million in cash. The company has also closed on a conventional mortgage on its Ellenville, NY properties for a principal amount of up to $25.3 million with an interest rate of 8.43%. The moves are part of Cresco's strategy to strengthen its operations and increase profitability by focusing on core markets, stores, brands, and products.

Portfolio Pulse from Nina Zdinjak

October 19, 2023 | 1:25 pm

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