Cresco Labs, Inc.

Cresco Labs, Inc.

Cresco Labs, Inc.

Overview
Date Founded

1990

Headquarters

400 West Erie Street,Suite 110,Chicago, IL 60654

Type of Company

Public

Employees (Worldwide)

1,400

Industries

Agriculture & Mills
Retail: Other
Wholesale: Livestock & Agriculture

Company Description

Cresco Labs Inc. engages in the business of cultivating medical grade cannabis, manufacturing medical products derived from cannabis cultivation, and distributing such products to medical or adult use consumers. It focuses on regulatory compliance while working to develop condition-specific strains of cannabis and non-invasive delivery methods. The company was founded by Charles Bachtel, Joseph Caltabiano, Dominic Sergi, Rob Sampson, and Brian McCormack on July 6, 1990 and is headquartered in Chicago, IL.

Website

http://www.crescolabs.com

In The News
Business Wire
January 14, 2021
Cresco Labs to Expand Into Florida Through Acquisition of Bluma Wellness Inc.; The Company will now have meaningful operations in all 7 cannabis markets that fall within the top 10 most populated states in the U.S.
Nasdaq
January 13, 2021
Meet the Marijuana Stock Rooting Against U.S. Legalization
Nasdaq
January 1, 2021
The Best Marijuana Stocks to Buy in 2021
Chicago Tribune
December 30, 2020
Illinois marijuana sales on pace to top $1 billion; 80 dispensaries opened despite economic disruption
Nasdaq
December 29, 2020
4 Cannabis Trends That Will Dominate in 2021

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Executives & Employees
See More
Charles Bachtell

Chief Executive Officer

Thomas Joseph Manning

Executive Chairman

Dennis Olis

Chief Financial Officer

David Ellis

Chief Operating Officer

John P. Schetz

General Counsel

Greg Butler

Chief Commercial Officer

Mo Dastagir

Chief Information Officer

Angie Demchenko

Chief People Officer

David Gacom

Regional President, West Region (California & Arizona)

Melissa Wagamon

Regional President, Great Lakes (Illinois & Michigan)

Board of Directors
Thomas Joseph Manning

Executive Chairman at Cresco Labs, Inc.

Michele Roberts

Executive Director at National Basketball Players Association

John R. Walter

Treasurer & Director at Conservancy of Southwest Florida, Inc.

Gerald Francis Corcoran

Chairman & Chief Executive Officer at R.J. O'Brien & Associates LLC

Charles Bachtell

Chief Executive Officer at Cresco Labs, Inc.

Marc Lustig

Executive Chairman & Chief Executive Officer at CannaRoyalty Corp.

Carol Vallone

Advisory Director at Berkshire Partners LLC

Randy D. Podolsky

Former Managing Principal at CORFAC International, Inc.

Dominic A. Sergi

Director at Cresco Labs LLC

Rob Sampson

Director at Cresco Labs, Inc.

Trending People
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Federal Prisons On Lockdown Because Of 'Current Events' - npr.org
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Trending Organizations
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Federal Prisons On Lockdown Because Of 'Current Events' - npr.org
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U.S. Patents Awarded to Inventors in Pennsylvania (Jan. 16) - Targeted News Service
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U.S. Patents Awarded to Inventors in Maryland (Jan. 16) - Targeted News Service
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Paths to Cresco Labs, Inc.
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Cresco Labs, Inc.
Recent Transactions
Details Hidden

Cresco Labs LLC, Cresco Labs, Inc. purchase Hope Heal Health, Inc.

Details Hidden

Cresco Labs, Inc. purchases CannaRoyalty Corp.

Details Hidden

Cresco Labs, Inc. purchases Gloucester Street Capital LLC

Transaction Advisors
Investment Advisor
Canaccord Genuity Corp.

Advised onCresco Labs, Inc. purchases CannaRoyalty Corp.

Underwriter
Beacon Securities Limited

Advised onCresco Labs, Inc. issued CAD Units Consisting of Subordinate Voting Shares and Warrants

Legal Advisor
Bennett Jones LLP

Advised onCresco Labs, Inc. purchases CannaRoyalty Corp.

Legal Advisor
Aaron E. Sonshine

Advised onCresco Labs, Inc. purchases CannaRoyalty Corp.

Legal Advisor
Alan P. Gardner

Advised onCresco Labs, Inc. purchases CannaRoyalty Corp.

Associate
Bronwynn Shaw

Advised onCresco Labs, Inc. purchases CannaRoyalty Corp.

Advisors & Consultants
Advisor
Ken Amann

Former Chief Financial Officer at Cresco Labs, Inc.

Publicist
Shawna Seldon McGregor

Professional at Maverick Public Relations, Inc.
Key Stats and Financials As of 2019
Market Capitalization
$2.4B
Total Enterprise Value
$941M
Earnings Per Share
$-0.35
TEVNet Income
-22.43x
Debt TEV
0.1x
EBITDAMargin
-101.42%
Enterprise Value / Sales
7.54x
Revenue
$125M
EBITDA
$-127M
Total Debt
$90.6M
Net Profit
$-42M
Total Equity
$306M
Non-Profit Donations & Grants
$2,500 - $4,999
2019
Howard Brown Health Center

$1,000 - $2,499
2016
The Epilepsy Foundation of Greater Chicago

Competitors
Green Thumb Industries, Inc. Agriculture & Mills - Chicago, IL

Green Thumb Industries, Inc. engages in the manufacture and distribution of branded cannabis products. It operates through the Consumer Packaged Goods and Retail segments. The company was founded by Benjamin Kovler on February 18, 2002 and is headquartered in Chicago, IL.

Curaleaf Holdings, Inc. Agriculture & Mills - Wakefield, MA

Curaleaf Holdings, Inc. operates as a holding company with interest in medical and wellness cannabis operations. It operations include cultivation, processing and dispensing. The firm offers services through its subsidiaries. The company was founded on November 13, 2014 and is headquartered in Wakefield, MA.

Harvest One Cannabis, Inc. Agriculture & Mills - Vancouver, Canada

Harvest One Cannabis, Inc. is a cannabis company, which develops and provides lifestyle and wellness products to consumers and patients in regulated markets. It operates through the following segments: Medical and Nutraceutical, and Consumer. The Medical and Nutraceutical segment focuses on the processing, manufacturing and distribution of cannabis-based food supplement products throughout Europe and Australia. The Consumer segment engages in the marketing, distribution, and product development of liquid sleep shots and sleep powder packets through Canada and the United States of America. The company was founded on August 28, 2008 and is headquartered in Vancouver, Canada.

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