Home > Boards > US OTC > Miscellaneous >

Cresco Labs Inc. (CRLBF)

CRLBF RSS Feed
Add CRLBF Price Alert      Hide Sticky   Hide Intro
Moderator: JohnCM, DarthYoda
Search This Board: 
Last Post: 10/16/2019 7:39:00 PM - Followers: 64 - Board type: Free - Posts Today: 0




http://www.crescolabs.com
 

Cresco Labs to buy Origin House for equivalent of $823.5 million, in largest-ever U.S. cannabis buyout deal

Published: Apr 1, 2019 8:57 a.m. ET
 

Cresco Labs Inc. CRLBF, announced Monday a deal to buy Origin House, the registered business name for Canada-based CannaRoyalty Corp.ORHOF,  in a deal valued at C$1.1 billion, or the equivalent of $823.5 million. Under terms of the deal, Cresco will exchange 0.8428 subordinate voting shares of Cresco for each Origin House share outstanding. Based on Friday's closing prices for the U.S.-listed shares, that would value Origin House shares at about $9.48 each, or a 4.9% premium. The deal, which Cresco said is the "largest public company acquisition in the history of the U.S. cannabis industry," is expected to be completed by the end of June. "Following the closing of this acquisition, Cresco brands will be in over 725 dispensaries across the country, giving us the largest and most strategic distribution footprint of any cannabis company in the United States," said Cresco Chief Executive Charlie Bachtell. Cresco's U.S.-listed stock has run up 67% year to date and Origin House's U.S. shares have soared 90%, while the ETFMG Alternative Harvest ETF MJ, +0.71%has climbed 46% and the S&P 500 SPX, +1.16% has gained 13%.

CRLBF
Current Price
Volume:
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
CRLBF News: Californian Cannabis Industry Blazes Trail of Growth for US 10/08/2019 08:45:00 AM
CRLBF News: Hunt for Perfect Acquisitions Reshapes Cannabis Industry 05/28/2019 08:45:00 AM
CRLBF News: Pot Stocks to Watch-THC Therapeutics, Inc. (THCT) 04/26/2019 08:00:00 AM
PostSubject
#675   Great post, the article you posted has some GoldRu$$H 10/16/19 07:39:00 PM
#674   YES!!!!!!!!! Insider buying on the Rise! MustBeTheTruth 10/16/19 02:40:29 PM
#673   Cresco Labs Receives Adult-Use Approval for All Five FUNMAN 10/16/19 08:08:53 AM
#672   Cresco Labs Cultivation facilities by state - https://potstockz.com/cultiva WilliamAckman 10/15/19 04:42:29 PM
#671   This is a great opportunity for Cresco. GoldRu$$H 10/15/19 04:09:25 PM
#670   Investors, Entrepreneurs and Publicly-Traded Cannabis Companies Convene to FUNMAN 10/15/19 12:52:20 PM
#669   Cresco Labs - Effective on January 1st of FUNMAN 10/13/19 01:12:00 PM
#668   Check out CL Price Target Upside and other MSOs!! Dt52123 10/11/19 09:39:59 AM
#667   Lol. You are confusing a short manipulation attack ignatiusrielly35 10/10/19 06:40:16 PM
#666   When is some going to say the emperor DR331 10/10/19 04:25:23 PM
#665   I agree. GoldRu$$H 10/09/19 07:40:09 PM
#664   https://originhouse.com/origin-house-subsidiary-trichome-financial-corp-to-begin Heywood4164 10/09/19 05:56:32 PM
#663   I think Pharmacann got gutted for top assets bUrRpPPP! 10/09/19 08:08:56 AM
#662   I like the way they are executing. FUNMAN 10/08/19 11:20:10 PM
#661   The same thought ran through my mind as GoldRu$$H 10/08/19 09:37:01 PM
#660   Exactly! Maybe now Charlie will make a low Heywood4164 10/08/19 09:26:10 PM
#659   I like what Cresco is doing, their management GoldRu$$H 10/08/19 07:31:32 PM
#658   30 day DOJ window closes Monday Oct 14th. bUrRpPPP! 10/08/19 11:03:18 AM
#657   Heywood, Grabbing one of ten toe-holds in New FUNMAN 10/08/19 09:12:48 AM
#656   https://investors.crescolabs.com/investors/press-releases/press-release-details/ Heywood4164 10/08/19 08:03:52 AM
#655   MedMen and PharmaCann terminate business combination agreement bUrRpPPP! 10/08/19 07:29:17 AM
#654   Cresco benefits - 9 States That Could Vote FUNMAN 10/06/19 03:34:28 PM
#653   I agree. GoldRu$$H 10/06/19 01:34:52 PM
#652   I was impressed with the poise and intelligence mx10001 10/06/19 11:31:50 AM
#651   Thanks, and I appreciate you posting the recent GoldRu$$H 10/05/19 09:43:00 PM
#650   Outstanding thesis. Totally agree. FUNMAN 10/05/19 09:38:40 PM
#649   You have raised important real time facts that GoldRu$$H 10/05/19 09:19:40 PM
#648   Cresco Labs - Our CEO, Charlie Bachtell, stopped FUNMAN 10/05/19 05:23:53 PM
#647   No problem, John Walter bought 16200 Heywood4164 10/05/19 05:10:06 PM
#646   Heywood, I hadn't been aware of yesterday's 100K mauiguy2 10/05/19 05:08:12 PM
#645   I found it. The merger will be good ignatiusrielly35 10/05/19 04:45:04 PM
#644   What is the date that “no action” by ignatiusrielly35 10/05/19 04:41:07 PM
#643   Another good sign it the $100k insider buy Friday Heywood4164 10/05/19 02:09:04 PM
#642   I agree. Invest newbie 10/04/19 11:45:23 PM
#641   Revaluing PPS's based on more realistic buying habits. FUNMAN 10/04/19 10:19:20 PM
#640   I think Afzal's departure is a very good mauiguy2 10/04/19 07:20:38 PM
#639   Origin House doing what it does best finding Invest newbie 10/04/19 05:32:53 PM
#638   Cresco Labs (CSE: CL) (OTCQX: CRLBF) mx10001 10/04/19 12:46:30 PM
#637   This is really big "Invest" ... it adds FUNMAN 10/03/19 05:17:17 PM
#636   MJ companies Lobby For Marijuana Descheduling In Wake FUNMAN 10/03/19 05:12:39 PM
#635   Let’s hope that these numbers catch Congress’s eye. ignatiusrielly35 10/03/19 12:16:44 PM
#634   Speaking about jobs... Invest newbie 10/03/19 11:54:39 AM
#633   Origin House Signs Distribution Agreement with California Cannabis-Infused Invest newbie 10/03/19 11:44:09 AM
#632   very cool...thanks bUrRpPPP! 10/03/19 09:23:40 AM
#631   https://www.indeed.com/q-Cresco-Labs-jobs.html Heywood4164 10/03/19 08:41:25 AM
#630   https://www.indeed.com/l-Cresco,-IA-jobs.html 299 positions! Heywood4164 10/03/19 08:39:55 AM
#629   Sounds good...is there a link for that? thanks bUrRpPPP! 10/03/19 08:31:35 AM
#628   Cresco is doing tons of hiring in lots Heywood4164 10/03/19 05:26:34 AM
#627   Cresco Labs: Boosting Its Presence On The West Coast FUNMAN 10/02/19 10:15:45 PM
#626   CNBC reports Mayo Clinic findings. FUNMAN 10/02/19 05:28:53 PM
PostSubject