Cresco Labs

Cresco Labs (OTC: CRLBF) is redeveloping a former knife factory in Ulster County (two and a half hours from NYC), into a cannabis complex. The complex will allow the cultivation, processing, packaging and distribution of cannabis to licensed dispensaries in NYC. “Cresco Labs is...

The Analyst Columbia Care is being acquired by Cresco Labs (OTC: CRBLF), in a deal set to close by year-end. In a research note published Thursday, Cantor Fitzgerald's Pablo Zuanic kept an overweight rating for (OTC: CCHWF) with a price target of $8.37. “Due to the...

After the awesome Cannabis Capital Conference in Miami during 4/20 week, Benzinga is ready to go again in Chicago on September 13-14.  As usual, Benzinga will celebrate the outstanding people, companies and organizations in the cannabis industry. This time we have something...

On Friday, Columbia Care Inc. (NEO: CCHW) (OTCQX: CCHWF) (FSE:3LP) announced the approval of the previously announced plan of arrangement under which Chicago-based Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) will acquire all of the issued and outstanding shares of Columbia...

Cannabis-infused edibles are a booming market. The near-endless array of cannabinoid-rich foods and beverages are coupled with positive sales figures, suggesting that edibles should stick around as a market leader in the years to come. Why Does It Matter? Edibles have been a steady gainer in many...

The Analyst: Pablo Zuanic, from Cantor Fitzgerald, rated Cresco Labs, Inc. (OTC: CRLBF) as Overweight with a price target of $19.00. The Thesis: According to Zuanic, the acquisition of Columbia Care (OTC: CCHWF) fits a logical M&A that is characteristic of the industry's ongoing...

The planning board in the Town of Wawarsing in Ulster County, New York has approved plans for Valley Agriceuticals LLC, whose parent company is Cresco Labs (CSE: CL) (OTCQX: CRLBF), to build a 380,000 square-foot marijuana facility, reported the Westchester Business Journal. The facility,...

On Wednesday, New York became the 15th state to legalize recreational cannabis, after Gov. Andrew Cuomo signed the recently passed bill into law. The legislation — which allows adults over 21 to possess small amounts of cannabis, cultivate up to six plants and buy marijuana from licensed...

Kansas House Passes Medical Cannabis Legalization Bill, Sends It For A Floor Vote After many meetings held to review a plethora of amendments to a medical cannabis legalization bill, a Kansas House Committee passed the overall measure on Monday in a 13 to 8 vote, writes Marijuana Moment. After the...

A final deal for a bill to legalize recreational marijuana in the state of New York could be closed imminently. The effects of this decision could greatly affect the fate of a number of large and medium-sized multi-state operators, or MSOs, within the Empire State and New Jersey. A major variable...

Cannabis company Cresco Labs (CSE:CL) (OTCQX: CRLBF) is taking over Massachusetts-based Cultivate Licensing LLC and BL Real Estate LLC for a total of $158 million. The sum includes an upfront payment of $90 million, consisting of $15 million in cash and $75 million in Cresco’s...

Cannabis-focused investment vehicles, NewLake Capital Partners Inc. and GreenAcreage Real Estate Corp., confirmed its merger and creation of the combined company NewLake Capital Partners, Inc. With more than $325 million in assets, over $110 million in cash, and a diversified portfolio of 24...

Cannabis company Cresco Labs (CSE: CL) (OTCQX: CRLBF) is on its way to take over Bluma Wellness Inc. (CSE: BWEL.U) (OTCQX: BMWLF) in an all-share transaction worth $213 million. The waiting period for a government review of the deal, in accordance with the Hart-Scott-Rodino Antitrust...

Jason Wild, CEO of JW Asset Management LLC, is one of the most seasoned U.S. institutional investors in legal cannabis.  The former pharmacist, who oversees $1 billion in assets, recently chatted with Barron's about his fund. "From 1998 to 2010...

With the U.S. unemployment rate at its highest point since the Great Depression, millions of Americans are looking for jobs and reconsidering their career paths. Seeking to attract new people to the cannabis industry, one of the few growing amid the COVID-19 pandemic, recruitment platform Vangst...