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

The article lists the cannabis stocks that gained and lost on July 11, 2023. Notable gainers include Gaby (OTC:GABLF), Kaya Holdings (OTC:KAYS), Canopy Gwth (NASDAQ:CGC), and Village Farms Intl (NASDAQ:VFF). Significant losers include Tetra Bio Pharma (OTC:TBPMF), Target Group (OTC:CBDY), Global Compliance (OTC:FUAPF), and MJ Holdings (OTC:MJNE).

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 9:30 pm

Greenleaf Compassionate Care Center, a marijuana dispensary in Rhode Island, has filed a lawsuit against a provision of the state's cannabis legalization law that requires retailers to establish labor agreements with their employees. The lawsuit argues that the company was forced to enter into labor peace agreements against its will. Meanwhile, unionizing is becoming a trend among cannabis workers nationwide, with employees at Curaleaf Holdings and Cresco Labs among those joining unions.

Portfolio Pulse from Jelena Martinovic

July 11, 2023 | 2:54 pm

The cannabis sector experienced a bullish sentiment on July 7, 2023, with several companies seeing significant gains in their share prices. OrganiGram Holdings led the pack with a 309.21% increase, followed by Curaleaf Holdings, Canopy Gwth, and others. However, 4Front Ventures saw a 6.04% decrease in its share price.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 9:30 pm

The cannabis sector experienced a bearish sentiment on July 6, 2023. iAnthus Capital Hldgs and Trulieve Cannabis shares closed up 8.80% and 3.29% respectively. However, several cannabis stocks including 22nd Century Group, Village Farms Intl, Cara Therapeutics, Canopy Gwth, SNDL, Tilray Brands, Cresco Labs, GrowGeneration, Cronos Group, OrganiGram Holdings, and Aurora Cannabis closed down.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 9:30 pm

On July 5, 2023, several cannabis stocks experienced significant price movements. 22nd Century Group (XXII), Trulieve Cannabis (TCNNF), Cresco Labs (CRLBF), and BioHarvest Sciences (CNVCF) saw their shares rise, with XXII leading the gainers with a 1161.74% increase. On the other hand, Canopy Gwth (CGC), iAnthus Capital Hldgs (ITHUF), TerrAscend (TRSSF), GrowGeneration (GRWG), Aurora Cannabis (ACB), Cronos Group (CRON), Emeren Group (SOL), and 4Front Ventures (FFNTF) saw their shares fall, with CGC leading the losers with a 22.19% decrease.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 9:30 pm

On July 4, 2023, several cannabis stocks experienced significant gains, with Canopy Gwth (CGC) leading the pack with a 52.10% increase. However, 22nd Century Group (XXII) shares closed down 22.13%.

Portfolio Pulse from Benzinga Insights

July 04, 2023 | 9:30 pm

On July 3, 2023, several cannabis stocks saw significant gains, with Canopy Gwth (CGC) leading the pack with a 52.10% increase. Other notable gainers include iAnthus Capital Hldgs (ITHUF), BioHarvest Sciences (CNVCF), Aurora Cannabis (ACB), and Tilray Brands (TLRY). The only loser was 22nd Century Group (XXII), which saw a 22.13% decrease.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 9:30 pm

The proposed multibillion-dollar merger between cannabis companies Cresco Labs (OTC:CRLBF) and Columbia Care (OTC:CCHWF) has been stalled due to regulatory hurdles. The companies failed to meet the June 30 deadline set in their agreement and are now working together to determine the next course of action. The merger aimed to create the most significant legal cannabis operator in the U.S., but concerns about financial viability and regulatory compliance have clouded the deal.

Portfolio Pulse from Nicolás Jose Rodriguez

July 02, 2023 | 5:59 pm

Marijuana stocks showed mixed results on June 30, 2023. 22nd Century Group (NASDAQ:XXII) shares closed up 9.53% at $0.38, while Canopy Gwth (NASDAQ:CGC), Cresco Labs (OTC:CRLBF), and Tilray Brands (NASDAQ:TLRY) shares closed down 11.38%, 6.52%, and 3.11% respectively.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 9:30 pm

Maryland has legalized recreational cannabis sales, with several companies including Green Thumb Industries, Curaleaf Holdings, and Verano Holdings commencing sales at their dispensaries. Green Thumb's RISE Dispensaries also opened a new store in Virginia, while Verano Holdings opened a new store in Florida. Trulieve Cannabis Corp. opened a new store in Georgia, and Cresco Labs opened two new stores in Washington and Pennsylvania.

Portfolio Pulse from Jelena Martinovic

June 30, 2023 | 5:34 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.