Marijuana Cresco Labs is Acquiring New York Cannabis Firm Columbia Care by Sophia Vida March 23, 2022 In a move that would create a cannabis giant in the U.S., Chicago-based Cresco Labs will be acquiring NY cannabis firm Columbia Care. Cresco Labs announced Wednesday that it’s acquiring New York-based Columbia Care to form th...
Featured YouGov Study Finds that 25% of Americans Now Consume Marijuana by Sophia Vida April 19, 2021 According to a new study from YouGov, a quarter of Americans are now consuming cannabis and use has grown a staggering 56% since 2018. Data analytics firm YouGov and cannabis company Cresco Labs conducted the soon to be release...
Spotlight Stock Cresco Labs has Launched Good News Cannabis Brand by Sophia Vida September 11, 2020 One of the largest vertically integrated multistate cannabis operators in the United States, Cresco Labs, has announced the launch of its newest cannabis brand to its growing portfolio of national cannabis brands. It's called G...
Legal Related NBA Reportedly Suspends Drug Testing by Sophia Vida June 12, 2020 According to reports, the NBA may have suspended drug testing and players will no longer be tested for cannabis and other recreational drugs when the season ends next month. The NBA will continue to test for performance-enhancing ...
Trends & Articles Cresco Labs Reports Fourth Quarter Results and Reveals Record Revenue by Sophia Vida April 29, 2020 Chicago-based marijuana producer Cresco Labs reported its fourth quarter financial results on Monday and revealed a net loss of $45.2 million, widening from a net loss of $4.4 million a year ago. The company did not provide per-sh...
Marijuana Stocks Cresco Labs Now Has Gourmet Cannabis Edibles in This State by Sophia Vida February 06, 2020 Cresco Labs announced this week that the company is rolling out a line of edible marijuana goods in the state of California. The company is introducing Mindy's Edibles, which was created by Chicago-based pastry chef Mindy Segal...
Spotlight Stock Marijuana Producer Cresco Labs Reports a Revenue Miss by Sophia Vida November 27, 2019 Cresco Labs Inc. reported third quarter results on Tuesday, revealing that revenue missed Wall Street expectations. The company reported a third-quarter net loss of $8.6 million, versus net income of $1.2 million in the year-...
Trends & Articles Cresco Labs is Helping Minority Entrepreners Open Marijuana Dispensaries by Sophia Vida November 19, 2019 In a noble move, Cresco Labs, a publicly-traded, vertically-integrated cannabis and medical marijuana company based in Chicago, wants to help minority entrepreneurs get into the marijuana business. According to an ABC 7 repor...
Spotlight Stock Top Cowen Analyst Initiates Coverage on These Marijuana Companies by Sophia Vida September 17, 2019 Vivien Azer is a top analyst at Cowen and has been covering marijuana companies since 2016. This past Friday, Azer initiated coverage on several marijuana companies in the United State that she considered worthwhile. She has al...
Trends & Articles Cresco Labs to Acquire Marijuana Distributor for $850 Million by Sophia Vida April 02, 2019 The marijuana sector saw a breakout on Monday after it was learned by Wall Street that Cresco Labs has agreed to pay about $850 million to acquire cannabis distribution company Origin House. Chicago-based Cresco Labs will be ab...