Competition within the industry is rising, and Cresco still isn't listed on any U.S. stock exchange. Sushree Mohanty for It is already making headway in that regard, by retiring $270.1 million of Harvest's debt. Cresco is already profitable and commands a significantly larger market share in the U.S. Do Not Sell My Personal Information (CA Residents Only). View Cresco Labs' Short Interest. Being involved to this extent allows them to create a better overall product than what many of their competitors offer. This brand contains Crescos best harvest. Comparison Results. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs). Social media stock Pinterest (NYSE: PINS) has been on a roller coaster ride since the pandemic. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Learn More. The vapes contain 300 mg of liquid and are available in Pride, Counting Sheep, Me Time, Brunch, Friyay, and Vegas. Raw Cones are blunt papers made by Rawthentic that do not contain additives and are entirely natural, slow-burning, and convenient to use. Cresco Labs' manufacture of Cresco cartridges started in 2010. I love using new gear, writing in-depth reviews and generally nerding out about vaping to like-minded people. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. 2022 Cable News Network. Even though its core financial metrics are improving rapidly, Cresco is still unprofitable, with a negative profit margin of 17.88%. Cresco Cannabis. The containers have 3.5 grams of bud and most cost around $40.00. According to Fortune Business Insights, this market could grow at a compounded rate of 5.5% between 2022 and 2029, when it is estimated to reach $719 billion. Description. Our definition of cannabis includes both marijuana and hemp (and all derivatives). In addition, their products can be found in stores located in Arizona, Illinois, Massachusetts, New York, Ohio, and Pennsylvania. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Book Value per Share explanation, calculation, historical data and more Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Illinois-based Cresco Labs may have slightly fewer dispensaries than some of its larger competitors, but that's not stopping the cannabis company from firing on all cylinders. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. We also have our own retail locations across the country, staffed with knowledgeable teams dedicated to educating customers around the many benefits and uses of cannabis. Sign in to your free account to enjoy all that MarketBeat has to offer. Cresco Labs' share price tumbled 60% over the last year; it is down -52% in the 10 months of . Zscaler, Inc Plummets, Is It Time To Buy The Dip? Here's The Marijuana Stock You've Been Waiting ForA little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. Get short term trading ideas from the MarketBeat Idea Engine. Cresco Labs keeps costs low by wholesaling marijuana where it's profitable to do so. So, on the one hand, companies can achieve these levels. Cresco Labs (CSE:CL) (OTCQX:CRLBF) ("Cresco" or "the Company), a vertically integrated multistate cannabis operator and the No. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off. In the previous week, Cresco Labs had 5 more articles in the media than SNDL. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Cresco Cannabis does not contain pesticides. Enter your email to receive our newsletter. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Team Members. Cresco Labs' competitors. If you combine Trulieve's revenue with Harvest Health's in the quarter, the company would have reported $316 million in revenue, just $1 million behind Curaleaf, and its adjusted EBITDA would have been $121 million, No. Cannabis designed for you. Despite not being a big name in the U.S. cannabis industry, Cresco Labs is slowly gaining traction through its nationwide network of 57 stores. Zscaler, Inc Plummets, Is It Time To Buy The Dip? Jim Halley has no position in any of the stocks mentioned. Customers can buy flowers, live resin, concentrates, and pre-rolls. Home. Given Cresco Labs' stronger consensus rating and higher possible upside, analysts plainly believe Cresco Labs is more favorable than SNDL. Our mission for SEED is to develop tangible pathways into the cannabis industry for communities impacted by the War on Drugs through our three pillars: restorative justice, community business incubation, and education & workforce development. Its dividend yield is 3.2%, which is significantly higher, It had $2.5 billion in free cash flow at the end of the quarter, which will help fuel its growth strategies and dividend payouts, Medtronic's management also expects revenue growth to remain stable in the coming quarters as short-term headwinds fade. It is a company that is among the fastest-growing in the newly formed cannabis industry. This is especially concerning because it enjoys a higher price point with its Remedi medicinal brand in comparison to its adult-use brands like Good News and its newest brand, High Supply. First, Cresco's quarterly revenue is growing explosively at a rate of 326.6% year over year. Invest better with The Motley Fool. There is every reason to believe that Cresco Labs stock price could go up if marijuana is legalized at the Federal level. From working with local government agencies to define appropriate regulations, to designing. But we do more than just write proposals. Export data to Excel for your own analysis. The consensus among Wall Street research analysts is that investors should "buy" CRLBF shares. The formulation is meant to provide relief from inflammation and stress, and it can help the user rest more easily. Competitors. In addition, they answer the phones and emails and provide whoever calls or writes with whatever information they need. Cresco Labs CL:CNX CRLBF Cannabis Investing. . THC lovers will like glazed clementine orange, cool key lime kiwi, and lush black cherry gummies. If cannabis is legalized in the U.S., not all businesses will benefit. Cresco's revenue for . When demand was high in Canada, the company went on an acquisition spree that subsequently weighed heavily on its balance sheet. Adjusted EBITDA dropped to $42 million in the third quarter, down from $56 million in the year-ago period, while revenue fell 2% to $210 million. Please log in to your account or sign up in order to add this asset to your watchlist. Company Employees Revenue Top technologies; Curaleaf Inc. 6,000: $1.3 B: Green Thumb Industries Inc. 4,000: $1 B: Boise Cascade Co. 6,140: $8.4 . Each of its fellow MSOs, Trulieve Cannabis, Curaleaf Holdings, and Green Thumb Industries, have over 100 locations each in key cannabis markets. Nearly 400 Cannabis Workers Joined The Union Since Jan. 1st, 2 Cannabis Stocks to Buy and 1 to Avoid in 2023, Down 70%: 2 Growth Stocks Are Smart Buys in a Bear Market, Why Green Thumb Industries, Curaleaf, and Cresco Labs Rallied Today, Why Green Thumb Industries, Curaleaf, and Cresco Labs Plunged Today, Cresco Labs Expands Retail Presence in Orlando, Florida, Cannabis stocks slide after Senator McConnell rebukes marijuana legislation, Cannabis stocks move after President Biden signs marijuana research bill, Wedbush initiates four cannabis stocks with outperform ratings and Green Thumb Industries as top tick, Top Marijuana MSOs Amid Earnings Season: Analyst Shares Key Takeaways From Q3 Reports & What They Mean, Good Stocks To Buy Right Now? Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. But what's most impressive is how the company has kept its business stable for years, allowing it to pay dividends consistently. Furthermore, Cresco competes in the medicinal and recreational cannabis markets, but its portfolio of adult use brands is far larger than its medicinal holdings. Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? Management believes that the company's efforts in creating more personalized, timely, and engaging content are boosting its MAU and mobile app user growth. Competitors Cresco Labs vs. Trulieve. All Rights Reserved. Cresco Labs does not have a long track record of dividend growth. To make the world smarter, happier, and richer. Most stock quote data provided by BATS. A Cresco cartridge lasts 200 to 300 puffs, depending on the amount of liquid inside. Dial-in: 1-833-470-1428 (US Toll Free), 1-404-975-4839 (US Local), +1 929-526-1599 (Other) Access Code: 759131. CNSX:TRUL CA$1.5b. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. What helps Cresco Labs to stand out from the rest of its competitors is its retail network. And, as the company makes around half of its revenue from wholesale operations to other businesses, it doesn't necessarily need to maintain a large retail footprint to rake in cash. Last year, Trulieve Cannabis earned $938 million in revenue, while Curaleaf earned $1.2 billion. View which stocks are hot on social media with MarketBeat's trending stocks report. This MSO has stronger fundamentals than Aurora Cannabis. Cresco operates in several states, while Trulieve only has dispensaries in Florida and a few in California and Colorado. His legal expertise and extensive experience in this industry have allowed the company to navigate various regulatory obstacles while maintaining steady growth. It grows, manufactures, and distributes cannabis using a consumer-packaged-goods (CPG) approach. Select Columns. Backtested performance is not an indicator of future actual results. Cresco Labs trades on the OTCMKTS under the ticker symbol "CRLBF.". Each pack contains 100 mg of cannabinoids. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. In addition, the company offers cannabis-infused edibles under the Sunnyside brand. Their plants are raised in in-door facilities to minimize the risk posed by insects and other pests. For general Cresco Labs inquiries: 312-929-0993 info@crescolabs.com . Cresco Labs. In-depth profiles and analysis for 20,000 public companies. Type a symbol or company name. How to Decide, Taiwan Semiconductor Manufacturing Expanding in the West, One Way to Earn More From Dividend Stocks, How to Choose a Winning Dividend Investing Strategy, 3 Industries Leading the Stock Market Rebound, Oil Tankers Boost Dividends, See Continued Robust Business In '23. Alex Carchidi has no position in any of the stocks mentioned. Join our talented cultivation, manufacturing and retail teams to help produce and distribute quality and consistent cannabis products across the U.S. Were on a mission to normalize, professionalize and revolutionize cannabis. our sites and services. This company is unique because they are involved in every step of the production process, from cultivation to distribution. Let's examine where the company is at right now to see if these issues should cause investors to steer clear. Overall, both of these cannabis companies are quite strong, and shareholders have a lot to look forward to in the future. Claim your profile to get in front of buyers, investors, and analysts. Discovery Company. With the addition of Harvest Health, Trulieve will have 155 retail outlets and operate in 11 states, giving it the most retail locations of any MSO. Cresco Labs Inc. However, it also has the potential to make risk-tolerant investors wealthy in the long run with attractive investment options in both the Canadian and U.S. markets. Cresco Labs' return on equity of -6.48% beat SNDL's return on equity. Job Description - Harvest Agent - with Great Benefits. . The, The stock currently trades for around $25. So, if things continue to improve, investors can likely expect the company to start consistently registering earnings rather than losses over the next few quarters, and that'll be great for investors. Chicago-based Cresco Labs, one of the largest vertical multistate cannabis operators in the U. S., is losing a key member of its C-suite. OTTAWA, Jan. 6, 2020 /CNW/ - CannaRoyalty Corp. d/b/a Origin House(CSE: OH)(OTCQX: ORHOF) ("Origin House"or the"Company"), a North American cannabis products and brands company, is pleased to announce, further to the Company's press releases dated April 1, 2019 and November 13, 2019, that the Company has obtained a final order from the Ontario . Companies involved in the research, development, and commercialization of chemically- or biologically-derived therapeutic & theranostic drugs. Pinterest has spent a lot of money to increase user engagement and attract more advertisers. Actual performance may differ significantly from backtested performance. MPL MY Season 11 will see competition shortened to six weeks, down from eight last season. By creating a free account, you agree to our, Closing prices for crude oil, gold and other commodities, The implications of Walgreens' decision on abortion pills, In Britain, warm hubs emerge to beat soaring energy costs, In Chicago, adapting electric buses to winters challenges, Ukraine ally Kallas fights for reelection in Estonia vote, Global race to boost electric vehicle range in cold weather, Home Depot Stock Earnings Slide, Long Term Value Still There, AbbVie Stock Still a Solid Buy Despite Challenges. View CRLBF analyst ratings or view top-rated stocks. contact@marketbeat.com The company could get much bigger once it completes its acquisition of another cannabis company, Columbia Care. contact@marketbeat.com View analysts price targets for CRLBF or . But as the pandemic waned, the stock got hammered by investors who thought the business had been artificially inflated by the pandemic. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. CHICAGO, January 25, 2023--Cresco Labs Welcomes Patients to 22nd Sunnyside Dispensary in Florida . The company is also well-positioned for a successful 2023, with a strong balance sheet that closed 2022 with $2.7 billion in cash and cash equivalents. They have very high levels of THC, with the lowest just under 70 percent. Cresco Labs received 28 more outperform votes than SNDL when rated by MarketBeat users. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off. 4rijuana companies Cresco Labs (CRLBF 0.55%) and Trulieve Cannabis (TCNNF 3.46%) each have a good chance to deliver for their shareholders. However, Pinterest has proven investors wrong with its recent quarterly results. It had $2.5 billion in free cash flow at the end of the quarter, which will help fuel its growth strategies and dividend payouts this year. See what's happening in the market right now with MarketBeat's real-time news feed. Recently named one of Entrepreneur magazine's Top 100 Cannabis Leaders, Cresco Labs is among the largest cultivation, manufacturing and retail cannabis operators in the U.S. We provide a full suite of consistently dosed products catering to all consumers, from the novice to the connoisseur, from the medically treated to the recreational user. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. You can read more about your cookie choices at our privacy policyhere. Keep in mind that Cresco Labs is a fairly new . Expect strong and stable companies like Cresco to continue spreading their roots. Cresco Labs beats SNDL on 10 of the 16 factors compared between the two stocks. Event: Cresco Labs Fourth Quarter and Full Year 2022 Earnings Conference Call. Summary of all time highs, changes and price drops for Cresco Labs; Historical stock prices; Current Share Price: CA$2.33: 52 Week High: CA$8.79: 52 . given the intense competition. Cresco Labs was founded in 2013. CHICAGO, May 06, 2022--CRESCO LABS TO REPORT FIRST QUARTER 2022 FINANCIAL RESULTS ON MAY 18, 2022. . While selling cannabis in the retail market will give Cresco labs a lower margin than the wholesale business module, the volume will make up for the difference. Cresco Labs provide both patients and doctors a "go-to" resource for research, products, and cannabis-based treatments. In 2022, it spent $949 million on research and development and $933 million on sales and marketing. Sushree Mohanty has no position in any of the stocks mentioned. SNDL (NASDAQ:SNDL) and Cresco Labs (OTCMKTS:CRLBF) are both small-cap medical companies, but which is the superior business? Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Get the latest business insights from Dun & Bradstreet. In the fourth quarter, the company reported sales of $162.3 million . The Motley Fool has positions in and recommends Cresco Labs, Green Thumb Industries, and Trulieve Cannabis. jane.doe@crescolabs.com), which is being used by 86.0% of Cresco Labs work email addresses. Cresco Labs does not currently pay a dividend. Trading at around $83 a share, Medtronic's diverse product portfolio and consistent dividend payouts make it an appealing healthcare stock. Analyst Briefing Submitters are 7x more likely to receive a qualified connection. Adjusted, Do Not Sell My Personal Information (CA Residents Only). Each of its fellow MSOs. Let's take a closer look to see if Aurora Cannabis (NASDAQ: ACB), a once-hot cannabis stock, or Cresco Labs, a U.S. multi-state operator (MSO), is a better . Medtronic's management also expects revenue growth to remain stable in the coming quarters as short-term headwinds fade. Columbia's shares dived 52% this past year to $1.50. Cresco Labs's revenue is the ranked 1st among it's top 10 competitors. Cresco's unparalleled speed to market was evident in Pennsylvania, where Cresco was not only the first cultivator approved and the first product to market, but . After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. Precision Optics is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. But Cresco is about to get bigger after completing the acquisition of Columbia Care. When given a choice between these two, Cresco Labs seems a better buy. The company should report 2022 results in March, but its trailing 12 month revenue is $860.89 million. Trulieve is a market leader in both Florida and Arizona. Since its inception, Cresco has scaled its business better, but Trulieve is still going strong and enjoying much success. The recovery of the ad market will boost Pinterest's growth even more. Looking ahead and and staying focused on a long-term vision can help to weather the storm of short-term headwinds and stock slumps. Grav Labs is a headshop based in Austin, Texas. Cresco Labs stock has . In Florida, the company is already the leading player and will greatly benefit whenever that state allows adult-use sales. Trulieve just turned in its 15th consecutive profitable quarter with revenue of $224.1 million, up 64% year over year, and net income of $18.6 million, up 7% over the same period in 2020. CNSX:VRNO CA$1.5b. By selecting "Shop Cresco on Jane" I am leaving Cresco's website. Because a game-changing deal just went down between the Ontario government and this powerhouse companyand you need to hear this story today if you have even considered investing in pot stocks. Should you be buying Cresco Labs stock or one of its competitors? Neither company needs marijuana legalization to keep delivering big gains for shareholders. Use the checkboxes below to add to the chart. On average, they anticipate the company's stock price to reach $6.86 in the next year. Operating in 11 states and with 15 active production facilities, they're a true powerhouse in the market. the impact of competition, . Copyright 2023 CB Information Services, Inc. All rights reserved. Though the quarterly results appear to be encouraging, there are still some concerns. The deal should close at the end of first quarter 2023 and will add another 130 dispensaries to Cresco's portfolio. Right now, Cresco is active in the majority of the largest cannabis markets in the U.S., including California, New York, Pennsylvania, and Massachusetts, and it's already planning to penetrate these markets more deeply. This weed is available in Sativa, Indica, and several hybrid versions to suit various needs. Also, their cannabis and cannabis products are sourced domestically. New markets could help Cresco's revenue grow even more this year. Use the checkboxes below to add to the chart. Nevertheless, both companies are excellent choices, and investing in both is a splendid way to diversify an investment portfolio. Cresco Labs has excellent customer service and is very transparent. But what's most impressive is how the company has kept its business stable for years, allowing it to pay dividends consistently. The oil is made from domestically sourced cannabis and contains high levels of THC and CBD. This cannabiss quality is exceptional because of how the companys management controls the process of cultivation, harvesting, and processing. News Provided by Business Wire via QuoteMedia. It uses Cresco Labs' balance sheet items such as long-term debt, the book value of the preferred stock, minority interest, and other important financials. Cresco Labs' mailing address is 400 West Erie Street, Chicago, IL 60654. Aurora's net revenue increased by 2% year over year to CA$62 million, and grew 20% sequentially. 326 E 8th St #105, Sioux Falls, SD 57103 This strategy weighed on its most recent quarterly results. digitGaps report on Cresco Labs LLC delivers a detailed in-depth and comprehensive insights of the company, its history, corporate strategy, its businesses and structures, and company operations by examining its performance in . Cresco Labs shows a prevailing Real Value of $1.71 per share. Excludes vitamins/supplements, CROs/clinical trial services. After repeatedly failing to meet its target of positive EBITDA, the company's recent quarterly results provided a ray of hope. See what's happening in the market right now with MarketBeat's real-time news feed. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Cresco Labs has only been the subject of 4 research reports in the past 90 days. Unfortunately, management hasn't provided any explicit estimates for when profitability might occur. In the medical device market, the company has a lot of potential. Also, because Cresco cannabis is domestically grown, customers can be sure that they will not find hazardous substances in their weed. Cresco's revenue for fiscal year 2021 (ended Dec. 31, 2021) was $822 million. With a decade of experience behind them, the Cresco Innovation team in the UK has an excellent track record of helping companies develop and implement innovation strategies. Regulatory . Cresco Brands are excellent, but this one is the best of the best. Their sites store locator can give more precise locations. Caramelized chocolate marshmallow graham contains THC and CBD, while the other chocolates only have THC. Cresco Labs Top Competitors. As with any high-growth industry, there's no doubt investing in cannabis stocks today is risky business. The new store is the Company's 26 th dispensary in the state . *Stock Advisor returns as of February 8, 2023. David Ellis, who first came on board in 2015 and served . Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. Get daily stock ideas from top-performing Wall Street analysts. 2 Best Cannabis Stocks to Buy for February, 3 Cannabis Companies To Watch if Ohio Approves Adult-Use Cannabis Sales, Down 70%: 2 Growth Stocks Are Smart Buys in a Bear Market, 2 Marijuana Stocks That Could Be the Best Bargains of 2023, 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, Want $1 Million in Retirement? The company should report 2022 results in March, but its trailing 12 month revenue is $860.89 million. 9 Wall Street analysts have issued 1 year price targets for Cresco Labs' shares. Thanks to its exceptionally strong position in Florida, Trulieve's stock is likely to continue flourishing over the next couple of years. As a team, we have raised 30 million in funding in three years, and in 2017 alone we secured 18 million for European SMEs. Cresco Labs (CSE: CL) (OTCQX: CRLBF) is a medical cannabis cultivation and manufacturing company aimed at providing relief to patients in the United States. What is a Good Dividend Yield? Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. The company may benefit from the legalization of recreational cannabis in Pennsylvania. However, because of the quality of their oils, they are well worth the price. Raw Cones: 100 Percent Natural Rolling Papers. Employing a consumer-packaged goods ("CPG") approach, Cresco Labs is the largest wholesaler of branded cannabis products in the U.S. While federal legalization in the United States appears to be a long shot, the international cannabis market is enormous. Get short term trading ideas from the MarketBeat Idea Engine. janed@crescolabs.com) and [first] (ex. What's the Cresco Disposable Vape Pen? By Sam Reisman. 1,848 Followers. Charlie Bachtell (2015-) Why is Cresco labs going down? These companies participate in - or service businesses that participate in - the legal cannabis industry. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Cresco Labs (OTCMKTS:CRLBF) Rating Lowered to Neutral at Piper Sandler; Dream . Archived access to the webcast will be available for one year on the Cresco Labs . Find company research, competitor information, contact details & financial data for Cresco Labs, LLC of Chicago, IL. Whether its premium cannabis for a cannabis connoisseur or medical relief for patients, Cresco Labs world-class facilities and team of cultivation, manufacturing and distribution experts ensure were always delivering the best product. Real-time analyst ratings, insider transactions, earnings data, and more. To see all exchange delays and terms of use please see Barchart's disclaimer. If Allied Market Research's estimates are correct, the global cannabis market could reach $149 billion by 2031. Copy and paste multiple symbols separated by spaces. In-depth profiles and analysis for 20,000 public companies. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Buy These 2 Stocks in 2023 and Hold for the Next Decade, 2 Stocks That Are About to Make Their Shareholders Richer, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, earnings before interest, taxes, depreciation, and amortization (EBITDA), Copyright, Trademark and Patent Information. Other common Cresco Labs email patterns are [first][last_initial] (ex. As the marijuana industry experiences rising business competition from a wave of legalization in the U.S., it may not be able to . High Supply has all the main marijuana products, like concentrates, flowers, and shorties. Cresco's revenue for fiscal year 2021 (ended Dec. 31, 2021) was $822 million. We are looking for a driven Harvest Agent to join our growing team at Cresco Labs in Lincoln, IL. As growers, processors and retailers of premium cannabis operating in nine states, our company focuses on entering. It's growing so rapidly because it's already the largest cannabis wholesaler in the American market. . As the rest of the industry expands market penetration in the form of retail locations, Cresco keeps pace by benefiting from economies of scale. They offer Lime Sorbet (Indica) and Sour Pink Grapefruit (Sativa), and both are loaded with different cannabinoids like THC, THCA, and CBD. I'd be comfortable with buying this stock today, and I expect that waiting a year would make the decision even easier. Cresco operates in several states, while Trulieve only has dispensaries in Florida and a few in California and Colorado.
