Billionaire Boys Club Member Forum (BBCMF)

[mick]

Cresco Labs (CRLBF)
Marijuana wholesaler Cresco Labs is one of the best performing cannabis players in the U.S. With most of its revenues coming from its wholesale operations, it doesn’t need a massive retail network to expand or consistently generate healthy cash flows. However, it also has an incredible retail footprint that grows with every passing quarter. Moreover, it has its presence in the top U.S. pot states in California, Massachusetts and New York.

Furthermore, Cresco’s revenues have been growing at a solid clip. In its most recent quarter, its sales shot up more than 40% YOY. Additionally, its Q3 adjusted EBITDA improved 24% from Q2 2021.

So, with all of that in mind, Cresco remains on track towards profitability and expanding its footprint across the States — pushing CRLBF stock to new heights.