Cresco Labs Inc (Cresco Labs) is a producer and distributor of cannabis and cannabis products. The company cultivates and retail adult-use cannabis and medical grade cannabis. Cresco Labs retails and wholesales its products under various brand names including Cresco, Remedi, Mindy’s, Good News, High Supply, Wonder Wellness Co, Sunnyside and Floracal Farms. The company operates in various US states including Illinois, Pennsylvania, Ohio, California, Maryland, Arizona, New York, Massachusetts and Michigan. It also operates a nicotine vape business in Canada. Cresco Labs is headquartered in Chicago, Illinois, the US.
Headquarters
United States of America
Address
Suite 110, 400 W Erie St, Chicago, Illinois, 60654
Website
www.crescolabs.com
Telephone
1 312 9290993
No of Employees
2,760
Industry
Pharmaceuticals and Healthcare
Ticker Symbol & Exchange
CL (CNQ)
Revenue (2022)
$770.9M
-8.5%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
17.2%
(2022 vs 2021)
Market Cap*
$647.0M
Net Profit Margin (2022)
XYZ
9.5%
(2022 vs 2021)
* As of and is in US$
Cresco Labs Inc premium industry data and analytics
Products and Services
| Products | Brands |
|---|---|
| Cannabis | Cresco |
| Cannabis Products | Remedi |
| Mindy’s | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Corporate Changes/Expansions | In October, the company opened a new store in Altoona, Pennsylvania, the US. |
| 2023 | New Products/Services | In September, the company launched FloraCal and Cresco live rosin and flower products. |
| 2023 | Corporate Changes/Expansions | In August, the company opened a store in Palm Bay, Florida, the US. |
Competitor Comparison
| Key Parameters | Cresco Labs Inc | Trulieve Cannabis Corp | Aurora Cannabis Inc | OrganiGram Holdings Inc | Cronos Group Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | Canada | Canada | Canada |
| City | Chicago | Quincy | Leduc | Moncton | Toronto |
| State/Province | Illinois | Florida | Alberta | New Brunswick | Ontario |
| No. of Employees | 2,760 | 7,600 | 1,130 | 984 | 626 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Thomas Manning | Chairman | Executive Board | 2016 | 68 |
| Charles Bachtell | Chief Executive Officer; Director | Executive Board | 2015 | 45 |
| Dennis Olis | Chief Financial Officer | Senior Management | 2020 | 61 |
| Zach Marburger | Chief Information Officer | Senior Management | 2019 | 38 |
| Jason Erkes | Chief Communications Officer | Senior Management | 2018 | 54 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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