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Cresco Labs Inc. (CL.CN)

Canadian Sec - Canadian Sec Real Time Price. Currency in CAD
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5.04+0.34 (+7.23%)
At close: 03:59PM EDT

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  • r
    ronnie
    Cresco Labs (CRLBF): Analyst Consensus has changed from Moderate Buy to Strong Buy. TipRanks
  • A
    Andy C
    A reply from Investor services:

    I'm a shareholder. Regarding the divistiture required due to the merger, Do you know if Cresco could package the stores and do a spinoff of an IPO,? It seems Cresco could get a ton of money that way instead of relying on bids for the stores in a tough retail market.

    We had many options available to us. As we said on our most recent call, we have been pleased with the response from potential buyer for the assets (more than just stores!) and have multiple offers for each asset and are moving toward definitive agreements. We have said we are comfortable that proceeds will likely come in north of $300 million gross.

    Megan
  • B
    Brassballs
    $4.00 here we come !
  • d
    danny
    to see revenue up when prices are down tells me foot traffic is good and improving. same store sales up while prices are down suggests volume of traffic is up . positive imo
  • C
    ChucksterHuckster
    Not bad, nice to see margins increase and loss narrow.
  • C
    Cori
    What you don't see in these numbers, is the big chunk of cash they are about to get from the divestures. They have said 300M, I think it could be as high as 4 or 500M if there was a bidding war. Also, Illinois just issued 185 more licenses. Parkway Dispensary, LLC and Navada Labs, LLC, both social equity groups supported by SEEDTM, received conditional adult-use dispensary licenses as part of the 185 new licenses recently issued by the state of Illinois. The SEED team continues to conduct outreach and build relationships with all new licensees in Illinois.
  • C
    ChucksterHuckster
    Cantor Fitzgerald Maintains Overweight on Cresco Labs, Lowers Price Target to $15 from $19.
  • G
    George M
    Lets see, one year ago Cresco was at $ 11.00 and most likely headed back to those levels and beyond, in the short term.
  • M
    Mica
    Excellent news, The regulators up in Canada are banning illegal naked shorting ! About time !
  • T
    Three blind mice
    Since June 30th of 2022 CRLBF has bottomed and been in an upward trend. We are getting close to some sort of incremental legalization advancement. I think it will start with Safe Banking Plus. What you have to decide is if im right or wrong and make a decision weather to buy or not. Its as simple as that. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$
  • G
    George M
    Cresco Labs will report financial results for the second quarter ended June 30th, 2022, on Wednesday, August 17th, 2022, before the market opens.
  • T
    Three blind mice
    The term better late than never doesnt apply here. If your late to own CRLBF you will pay alot more. Lets see how this plays out.
  • C
    ChucksterHuckster
    As cannabis becomes more and more commoditized (and it is) it will be all about execution as to who survives and prospers. As I expected "price compression" at the wholesale level was repeatedly mentioned. I am impressed that management anticipated and is acting accordingly. Like Mikey and the cereal I usually don't like anything but have to admit Cresco's execution given the macro conditions appears to be excellent.
  • G
    George M
    Columbia Care Reports Second Quarter 2022 Results
    August 15, 2022
    Quarterly Revenue of $129.6 Million, an Increase of 5% QoQ and 18% YoY
    Gross Profit of $50.8 Million, an Increase of 17% YoY
    Adjusted EBITDA1 of $12.0 Million and YTD Adjusted EBITDA Margin1 of 11%
    Expected to Be Last Quarterly Results before Announcing Divestitures Related to Combination with Cresco
  • D
    D
    Will they publish net income/loss somewhere?
  • M
    Mica
    Up 15% in last 3 days , good ER and not a peep from supposed long Paul , mmmmm why is that ?
  • M
    Mica
    Hit 3.89us today and breaking out over 3.7-3.75us resistance as I called it would 2 days ago !
  • m
    mica
    On track for highest close in 2.5 months !
  • J
    JOHN
    Ho Hum report but...when Merge with Columbia completes, we will be Number 1...
    and a big presence in New Jersey \ AND New York
  • B
    Bruno
    https://www.forbes.com/sites/kriskrane/2022/08/10/with-democrats-gaining-legislative-momentum-now-is-the-time-for-biden-to-weigh-in-on-marijuana-legalization/amp/