The company is planning ahead with pro-forma market potential lined up for its acquisition of Columbia Care.
Company Profile:
Headquarters: Chicago
Operating States: 10
Employees: ≈ 3,300
Dispensaries: 68
Cultivation Sites: 13
Cultivation Capacity: ≈ 900,000 square feet
Geographic Focus: The largest and fastest-growing markets
Q1 2023 Financial Highlights:
States With Retail Operations: Arizona (1), Florida (31), Illinois (10), Massachusetts (4), New York (4), Ohio (5), Pennsylvania (13)
Brands: Sunnyside (retail brand), Cresco, High Supply, Mindy’s, Good News, Remedi, Wonder Wellness Co., FloraCal
2023 Expansion Highlights:
Commentary
Charlie Bachtell, CEO, Cresco Labs, via a press release announcing first quarter 2023 results: “After attending the first ever Senate hearing on the SAFE Banking Act, I’m encouraged by the progress at the federal level to resolve the industry’s unique banking challenges. I’m also energized by continued cannabis acceptance and normalization at the state level, with Missouri and Connecticut launching adult-use sales, Kentucky passing medical cannabis and Delaware plus potentially Minnesota legalizing cannabis. We are investing wisely and rationalizing and optimizing everything we do to generate profitable revenue expansion, drive healthy margins, generate more cash and strengthen our balance sheet. At Cresco Labs, we’re optimizing for the company we are today while also preparing for the industry of tomorrow.”
Where the Nation’s 8 Largest Cannabis MSOs Are Expanding in 2023 (and Why)
Ascend Wellness Commits to Expanding Current Footprint
Columbia Care to Redeploy Capital, Enhance Liquidity
Cresco Labs Going Heavy on Florida, Pennsylvania Retail Growth
Curaleaf Continues Search for Expansion Opportunities
Green Thumb Broadens Retail Footprint in Florida, Nevada, Virginia
TerrAscend Points to Maryland, Michigan and Pennsylvania as Top Priorities
Trulieve Puts Eyes on Growth-Oriented Markets
Verano Broadens Vertical Operations in Limited-License States
Cresco Labs Going Heavy on Florida, Pennsylvania Retail Growth – Cannabis Business Times
