Vertically integrated cannabis company
Cresco Labs Inc. (CSE:CL) (OTCQX:CRLBF) (FSE: 6CQ) reported a 9.9% quarter-over-quarter and 168.8% year-over-year revenue growth amounting to $178 million in the first quarter of 2021.
The Chicago-based company achieved record wholesale and retail revenue over the same period, totaling $95.6 million and $82.8 million, respectively. In Q1, we delivered sequential growth from existing assets, demonstrated our ability to reach and sustain #1 market share positions in two of this industry s top-five states, and we re gearing up to repeat that success in more markets this year, Charles Bachtell, co-founder and CEO of Cresco Labs, said Thursday.
Here s a breakdown of what the first-quarter earnings report showed: