Tag Archive: Cresco
Cresco Posts Full-Year Increase Amid Industry Price Compression
Chicago-based Cresco Labs saw quarterly net revenue slip 5% sequentially to $200 million in its fiscal fourth quarter ended in December. Continue reading →
Posted in News on March 28, 2023Cannabis Industry M&A Could Heat Up This Year
Cannabis merger and acquisition activity could increase this year, market research group BDSA predicts, owing to ongoing price compression and competition from the illicit market. Continue reading →
Posted in News on February 7, 2023Cresco Sees “Price Compression” Weigh Down Third-Quarter Sales
Illinois-based multistate operator Cresco saw sales slip 4% sequentially and 2% year-on-year in the three months through September to $210 million. Continue reading →
Posted in News on November 22, 2022Sean “Diddy” Combs Gains Multistate Cannabis Footprint In Deal With Cresco, Columbia Care
Sean “Diddy” Combs has struck a $185 million deal to acquire cannabis retail and production assets in New York, Illinois, and Massachusetts from Cresco and Columbia Care. Continue reading →
Posted in News on November 8, 2022Cresco Expands In Florida, With U.S. Retail Footprint Reaching 50 Locations
Ongoing retail expansion in markets like Florida and Pennsylvania boosted Illinois-based Cresco Labs in the first quarter, as the company posted revenue up 20% year-on-year to $214 million. Continue reading →
Posted in News on May 24, 2022Breaking: $2 Billion Cannabis Deal Announced, As Cresco Acquires Columbia Care
One of the biggest cannabis deals to date was announced this morning, as Illinois-based Cresco Labs has agreed to acquire fellow multi-state operator Columbia Care for $2 billion. Continue reading →
Posted in News on March 23, 2022
