Cresco Labs Inc (CRLBF)

[$5.95akadawson-m]

Oh that's big big news. Like we haven't seen the shakeouts before?

[Clonemaster]

BIG SHAKEOUT COMING

[Ultimate Weapon]

Righteous interview indeed ....
Very smart and the Kind of Advocate BOTH Parties need for Advancement of this Sector .
thanks for the Recommendation .

[Bazwar6]

I recommend going to YouTube and searching trade to Black interview with Nancy Mace.

She is well informed on cannabis. A great advocate for our cause.

It might be the best politician I've ever heard in an interview.

[hyborianwar]

load

[BackTheTruckUp]

Cresco could potentially be going to $50 / share. Doubters get proven wrong all the time. Remember what TL#Y did years ago? Went to $250 then back down probably because it was too soon before MJ rescheduling and banking reform. The time is now. Rescheduling is coming. So, BackTheTruckUp and load up on Cresco maybe, before the truck leaves the loading zone. Just press that Green buy button. You know you want to. 71 dispensaries in 6 states so far I think.

[Bazwar6]

https://www.marketbeat.com/instant-alerts/otcmkts-crlbf-options-data-report-2024-03-03/

[make it happen]

All retailers and some semi conductors will flood into cannabis. Ie. Abercrombie & Fitch Lululemons, just to name a couple retailers imho

Feel these names are going to heavy sell for re-balancing/profiting for books (underway past month). Upwards of 500% in a year

[retired early]

It's all about sales and with things opening up, hoping for a turn around in financials :)

[Green Pharms]

Big money coming in

[Nelson2]

Cresco big player in Ohio where recreational weed voted in!
Let’s goooooooo!

GLTA

[Sanibel Island]

Tim Seymour is recommending US msos but says safe banking further down the road . Seymour recommends TSX listings that have nasdaq listings, HITI . See Tim on YouTube he is a leader on the industry HITide continues up with his recommendation

[-Kush-]

Heating up, plenty of catalysts on the horizon.
$CL
$CRLBF

[$5.95akadawson-m]

2 weeks ago the stock price was $1.05!

[cootcat]

I like, to see every CRLBF share buy some CCHWF shares. Making CRLBF share hold a force in CCHWF

[retired early]

OK who' got the match? :)

[JohnCM]

Looking good!

[retired early]

Cresco start your engines. :)

[KingOfSwing...Trading]

I like the sound of that!

[abrooklyn]

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021

https://www.otcmarkets.com/otcapi/company/financial-report/362380/content

[$5.95akadawson-m]

Or maybe the fusion of Columbia Care into Cresco

[cardvic]

Don't get me wrong. I hope this is the beginning of the cannabis comeback.

[$5.95akadawson-m]

:))

[retired early]

Pin drop :)

[retired early]

The Debby downer is spreading his wings. :)

[BackTheTruckUp]

:)

[$5.95akadawson-m]

How many mj boards have you posted that same sentence?

[cardvic]

Cannabis stocks continue their march to oblivion, courtesy of shorty, with no end in sight. Anyone waiting for politicians to save them better head for the life rafts.

[Ultimate Weapon]

Politicians takin us to the wood shed......

[$5.95akadawson-m]

I've been saying the same thing; however, every MSO has gone down precipitously in the past week. Now that NO bill will be passed for banking measures for mj companies, we tread water as usual.

[treedoc]

Holy smokes! What happened here?

[retired early]

Times changing for Cresco. :)

[StockLogistics]

Too much debt too many shares :

“As of September 30, 2022, current assets were $355 million, including cash and cash equivalents of $130 million. The Company had working capital of $85 million and senior secured term loan debt, net of discount and issuance costs, of $380 million.Total shares on a fully converted basis were 437,484,245 as of September 30, 2022.”

[nickwill69]

up a dollar a share since you posted this.

[nickwill69]

wow

[Ronin]

Which bill? Which committee?

I just read where Schumer's bill got shot down in Senate but they have another in the wings before the upcoming election that has bipartisan agreement to allow pharmas to expand research on marijuana

https://www.marijuanamoment.net/schumer-touts-senate-marijuana-research-bill-among-historic-progress-under-biden-as-legalization-measure-lingers/

According to Sen. Cory Booker (D-NJ), a prime sponsor of CAOA, recently said that the so-called “SAFE Banking Plus” bill that’s in the works would likely be filed following the elections during the lame duck session.

In the meantime, Senate Democrats have the bipartisan marijuana research bill as the main example of cannabis reform progress since President Joe Biden took office and Democrats reclaimed the majority in the Senate.

That specific legislation hasn’t been enacted into law, though. But there are hopes that a slightly revised version that was introduced last month could reach the president’s desk in due time. It already cleared the House just days after its filing, and sources say the Senate is expected to act shortly.

[StockLogistics]

2.41 intraday gap fill by Thursday imo charts look good after that, legalization passed committee

[Nelson2]

And this

“Toronto, Ontario--(Newsfile Corp. - Le 20 septembre/September 2022) - Cresco Labs Inc - Subordinate Voting Share Purchase Warrants listed on September 24, 2019 will expire on September 24, 2022.
Settlement Terms: All trades September 21 and 22 will settle for cash next day. Trades on September 23 will be for cash same day.
The warrants will be halted at noon and delisted at market close September 23, 2022.

[Nelson2]

Read this on Yahoo

“The answer is in the wt it stands for warrant … those are old warrants that were listed and sold . If you had one and they didn’t settle in the money then they get trashed .. think of it as a lottery ticket .. you buy that particular type of stock hoping the price shoots up . If it does the warrant type stocks have a contract of execution agreement hooked to them . It states you can buy a stock for a cheaper price. ( if the regular stock market raised past the warrant price) by exchanging the warrant for a set price … if it finishes too low then it isn’t worth exchanging and you toss it away”

[nunaka]

Thanks for the input.

[nsomniyak]

Could be they are just dropping the Canadian listing to become exclusively US listed?

I believe that is a precondition for an uplist to NASDAQ and therefore I suspect this is a good thing.

[nunaka]

?????

IIROC Trading Halt - CL.WT
BY Canada NewsWire
— 12:18 PM ET 09/23/2022
VANCOUVER, BC, Sept. 23, 2022 /CNW/ - The following issues have been halted by IIROC:

Company: Cresco Labs Inc. (CRLBF)

CSE Symbol: CL.WT

All Issues: No

Reason: Pending Delisting

Halt Time (ET): 12:00 PM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

[hyborianwar]

agreed .. i loaded 3s already to avg down

[Ronin]

When Fed rolls back restrictions in Fall (as per Schumers new MJ deal to make everyone happy) the Cresco really soars!

[-Kush-]

Need uplisting, cresco will be a monster

[hyborianwar]

heavily undervalued .. shorts will get smoked

[FUNMAN]

Cresco Labs to Hold Second Quarter 2022 Earnings Conference Call on August 17, 2022

STOCKS Aug 2, 2022 • 6:30 AM EDT

Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco Labs” or “the Company”), a vertically integrated multistate operator and the number one U.S. wholesaler of branded cannabis products, today announced that it will report financial results for the second quarter ended June 30th, 2022, on Wednesday, August 17th, 2022, before the market opens.

The Company will host a conference call and webcast to discuss its financial results and provide investors with key business highlights.

Event: Cresco Labs Second Quarter 2022 Earnings Conference Call
Date: Wednesday, August 17th, 2022
Time: 8:30am EST
Webcast: Link
Dial-in: 1-844-200-6205 (US Toll Free), 1-833-950-0062 (Canada Toll Free), 1-646-904-5544 (US Local), [phone] (Other)
Access Code: 035060

Archived access to the webcast will be available for one year on the Cresco Labs investor relations website.

About Cresco Labs Inc.

Cresco Labs is one of the largest vertically integrated multistate cannabis operators in the United States, with a mission to normalize and professionalize the cannabis industry. Employing a consumer-packaged goods (“CPG”) approach, Cresco Labs is the largest wholesaler of branded cannabis products in the U.S. Its brands are designed to meet the needs of all consumer segments and comprised of some of the most recognized and trusted national brands including Cresco, High Supply, Mindy’s Edibles, Good News, Remedi, Wonder Wellness Co. and FloraCal Farms. Sunnyside, Cresco Labs’ national dispensary brand, is a wellness-focused retailer created to build trust, education and convenience for both existing and new cannabis consumers. Recognizing that the cannabis industry is poised to become one of the leading job creators in the country, Cresco Labs operates the industry’s largest Social Equity and Educational Development initiative, SEED, which was established to ensure that all members of society have the skills, knowledge and opportunity to work and own businesses in the cannabis industry. Learn more about Cresco Labs at www.crescolabs.com.



View source version on businesswire.com: https://www.businesswire.com/news/home/20220801005267/en/

Media:
Jason Erkes, Cresco Labs
Chief Communications Officer
[e-mail]

Investors:
[e-mail]

For general Cresco Labs inquiries:
312-929-0993
[e-mail]

Source: Cresco Labs Inc.

[retired early]

Passing with a vote of 220-204, the MORE Act does not have overwhelming bipartisan support, with only 3 Republican representatives backing the bill.

[retired early]

Company reports 20% year-over-year revenue growth and 45% year-over-year adjusted EBITDA(1) growth -- and continues industry leadership in branded wholesale and retail productivity :)

[Nelson2]

Here you go boyz!

“First Quarter 2022 Financial Highlights
First quarter revenue of $214 million, up 20% year-over-year
Gross profit excluding fair value mark-up for acquired inventory of $113 million, or 53% of revenue, an increase of 29% year-over-year
First quarter adjusted EBITDA1 of $51 million, or 24% of revenue, an increase of 45% year-over-year
Wholesale revenue of $95 million, maintained position as #1 seller of branded cannabis products in U.S. with leading share in the flower, concentrates, and vape categories
Retail revenue increased 44% year-over-year, to $119 million, or $2.5 million per average store open in the quarter and same-store-sales increased 9% year-over-year
Ended the quarter with $179 million of cash on hand
Opened four new retail stores, three in Florida and one in Pennsylvania, bringing the Company’s total retail footprint to 50
Launched branded product portfolio in Florida, including High Supply®, Good News®, Remedi™ and Sunnyside* Chews”