February 16, 2021 at 7:59 am Published by NCV Newswire
Cresco Labs Closes Acquisition of Verdant Creations’ Four Dispensaries, Reaches Maximum Retail Licenses in Ohio
CHICAGO, February 16, 2021–(BUSINESS WIRE)–Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or “the Company”), one of the largest vertically integrated, multistate cannabis operators in the United States, announced today the closing of its acquisition of Verdant Creations dispensaries in Cincinnati, Chillicothe, Newark and Marion, Ohio (collectively “Verdant”). These acquisitions give Cresco four additional dispensaries, bringing the Company’s dispensary presence in Ohio to five – the maximum allowed by the state.
The Verdant acquisition is aligned with Cresco’s strategy of building meaningful, material market positions in the states that matter most. As the seventh most populated state in the U.S., Ohio has a registered medical patient count that more than doubled in 2020 from roughly
Cresco Labs Closes Acquisition of Verdant Creations Four Dispensaries, Reaches Maximum Retail Licenses in Ohio Cresco Labs (CSE:CL) (OTCQX:CRLBF) ( Cresco or the Company ), one of the largest vertically integrated, multistate cannabis operators in the United States, announced today the closing of its acquisition of Verdant Creations dispensaries in Cincinnati, Chillicothe, Newark and Marion, Ohio (collectively Verdant ). These acquisitions give Cresco four additional dispensaries, bringing the Company s dispensary presence in Ohio to five the maximum allowed by the state.
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Cresco Labs closed on its acquisition of four Verdant Creations dispensaries, expanding its dispensary presence in Ohio to five operating stores. (Photo: Business Wire)
Skeptics might say, “this is just a commodity market!”
But the reality that appears to be coming together is that it is a consumer packaged goods market with vertical supply chains bound by regulatory firewalls, allowing for protected value in a healthy competitive context. Wrap that story up in the narrative of politically favorable winds in terms of further legalization steps ahead, and the sky is apparently the limit.
That framework has captured the imagination of Wall Street Analysts and Retail investors alike.
With that in mind, we take a look at a few of the more interesting names in the cannabis patch, including: Cresco Labs Inc (OTCMKTS:CRLBF), MedX Holdings Inc (OTCMKTS:MEDH), and Sundial Growers Inc (NASDAQ:SNDL).
Press release content from Business Wire. The AP news staff was not involved in its creation.
Cresco Labs Signs Exclusive Distribution Agreement With Award-winning California Cannabis Producer, Emerald Family Farms
February 9, 2021 GMT
Cresco Labs has entered into an exclusive distribution agreement with Emerald Family Farms, a California producer of sustainable, sun-grown cannabis products pictured. (Photo: Business Wire)
Cresco Labs has entered into an exclusive distribution agreement with Emerald Family Farms, a California producer of sustainable, sun-grown cannabis products pictured. (Photo: Business Wire)
CHICAGO (BUSINESS WIRE) Feb 9, 2021
Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or “the Company”), one of the largest vertically integrated, multistate cannabis operators in the United States, announced today that it has entered into an exclusive distribution agreement (the “Agreement”) with Humboldt County-based Emerald Family Farms (“EFF”), a farmer co