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

Tilray Brands' CEO, Irwin D. Simon, is optimistic about the potential legalization of cannabis in the U.S. and plans to capitalize on it by creating beer infused with cannabis. Tilray recently acquired eight beer and beverage brands from Anheuser-Busch, making it the 5th largest craft beer business in the U.S. The recent recommendation from the Dept. of Health and Human Services to reclassify cannabis as a Schedule III drug is seen as a step closer to federal cannabis legalization.

Portfolio Pulse from Maureen Meehan

September 13, 2023 | 7:30 pm

The article lists the cannabis stocks that gained and lost on September 12, 2023. Notable gainers include James E. Wagner (OTC:JWCAF), MPX International (OTC:MPXOF), and Affinor Growers (OTC:RSSFF). Significant losers include Tetra Bio Pharma (OTC:TBPMF), Global Hemp Group (OTC:GBHPF), and Rocky Mountain High (OTC:RMHB).

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 9:30 pm

Cresco Labs Inc. is opening a second Sunnyside medical cannabis store in Jacksonville, Florida, bringing its total number of dispensaries in the state to 33 and 70 nationwide. The new store will offer a diverse range of cannabis products, positioning Cresco as a major competitor to Trulieve Cannabis Corp, which has over 120 dispensaries in Florida. Other companies, including Planet 13 and AYR Wellness, Inc., are also preparing for potential legalization of recreational marijuana in Florida.

Portfolio Pulse from Jelena Martinovic

September 12, 2023 | 1:11 pm

The Senate Banking Committee has confirmed that the cannabis banking bill will not be voted on next week, despite previous indications. The Secure and Fair Enforcement (SAFE) Banking Act is still expected to move forward, but the timeline remains uncertain. Meanwhile, cannabis stocks like Canopy Growth, Curaleaf Holdings, Tilray Brands, Cresco Labs, Green Thumb Industries, and Trulieve rallied following the news.

Portfolio Pulse from Maureen Meehan

September 12, 2023 | 1:33 am

The cannabis sector experienced a bullish sentiment on September 11, 2023, with several stocks closing up significantly. Green Growth Brands (OTC:GGBXF) led the gainers with a 900.00% increase, followed by Affinor Growers (OTC:RSSFF) and Canopy Gwth (NASDAQ:CGC) with 175.81% and 81.37% increases respectively. On the other hand, CLS Holdings USA (OTC:CLSH) led the losers with a 38.24% decrease.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 9:30 pm

Senate Banking Chair Sherrod Brown is optimistic about imminent banking reform for the cannabis industry. The Secure and Fair Enforcement (SAFE) Banking Act is expected to get a committee hearing in the next six months. The Department of Health and Human Services recommended that the DEA should reclassify cannabis from Schedule I to Schedule III status, which could exempt cannabis companies from IRS Code 280E and facilitate federal tax relief. Cannabis stocks rallied following the news.

Portfolio Pulse from Jelena Martinovic

September 08, 2023 | 12:06 pm

Marijuana stocks experienced significant movement, with MPX International, AusCann Group Holdings, and Global Compliance among the top gainers. On the other hand, Choom Holdings, GreenGro Technologies, and Item 9 Labs were among the top losers.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 9:30 pm

Cresco Labs Inc. (OTCQX:CRLBF) has announced a new partnership with Spotify, marking the first time a cannabis company has advertised on the audio streaming platform. The ad campaign will promote the benefits of shopping at Sunnyside dispensary and will include 30-second audio and in-app digital banners. Cresco's shares traded 5.4519% higher at $2.1934 per share after the market close on Wednesday.

Portfolio Pulse from Jelena Martinovic

September 07, 2023 | 12:49 pm

On September 6, 2023, several cannabis stocks experienced significant price movements. Notable gainers included Choom Holdings (OTC:CHOOF), Tetra Bio Pharma (OTC:TBPMF), and Canopy Gwth (NASDAQ:CGC). On the other hand, Target Group (OTC:CBDY), Blueberries Medical (OTC:BBRRF), and OrganiGram Holdings (NASDAQ:OGI) were among the losers.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 9:30 pm

The cannabis sector experienced a bullish sentiment on September 5, 2023, with several companies seeing significant gains in their share prices. iAnthus Capital Hldgs, 4Front Ventures, and Heritage Cannabis Holding were among the top gainers. However, some companies like 1933 Industries, Rocky Mountain High, and CNBX Pharmaceuticals saw their shares decline.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 9:30 pm

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