Tag Archive: Cresco
Multistate Players Position For Growth As New Markets Come Online
Leading multistate players Curaleaf, Cresco, Verano, and Ayr Wellness continue to focus on right-sizing their businesses and deploying resources to key markets amid uneven conditions in the national cannabis industry. Continue reading →
Posted in News on August 13, 2024Illinois Reaches $1 Billion in Cannabis Sales During The First Half
Illinois consumers purchased $1 billion worth of cannabis products in the first six months and one day of 2024, reaching the billion-dollar mark 10 days earlier than in 2023. Continue reading →
Posted in News on July 16, 2024Multistate Operators Cresco, Ayr See Q1 Earnings Boost
Illinois-based Cresco Labs posted first quarter revenue of $184 million, flat year over year, while adjusted EBITDA grew 82% to $53 million. Continue reading →
Posted in News on May 21, 2024Multi-State Players Trim Losses In 2023
As adult-use sales spread into more states, the leading cannabis companies in the U.S. are seeing revenue grow amid shrinking net losses. Continue reading →
Posted in News on March 19, 2024Cresco Focuses On Core Markets Amid Realignment
After abandoning its proposed $2 billion acquisition of Columbia Care (now The Cannabist) this summer, Illinois-based multistate player Cresco Labs has doubled down on its core markets and pulled back from lower-priority areas.
Cresco Labs and Columbia Care Terminate $2 Billion Merger
Chicago, Illinois-based Cresco Labs and New York-based Columbia Care have mutually agreed to abandon the acquisition agreement that would have seen Cresco acquire Columbia Care in full. Continue reading →
Posted in News on August 1, 2023
