Cresco Labs to Acquire Tryke Including the Reef Dispensary Portfolio

Tryke generated US$70.4 million in Revenue and US$24.6 million in EBITDA in fiscal 20181, making it one of the highest grossing and most profitable private cannabis companies in the U.S. market.

Nevada is one of the largest and fastest growing cannabis markets in the U.S. with 2019 sales estimates of up to US$940 million2; Arizona is one of the largest and fastest growing medical-only markets with estimated 2019 sales of up to US$760 million. Continue reading “Cresco Labs to Acquire Tryke Including the Reef Dispensary Portfolio”

Cresco Labs’ Dispensary Launches Newly Enacted Illinois Opioid Alternative Pilot Program

Cresco Labs (CSE: CL) (“Cresco” or “the Company”), one of the largest vertically integrated multistate cannabis operators in the United States, announced that the Company’s FloraMedex dispensary launched Illinois’ Opioid Alternative Pilot Program (OAPP) today vastly expanding the population of Illinois patients who can access medical cannabis in place of pharmaceutical opioid medications. Under this new program, patients with doctor approval can receive near-immediate access to cannabis products from an Illinois licensed dispensary. Continue reading “Cresco Labs’ Dispensary Launches Newly Enacted Illinois Opioid Alternative Pilot Program”

Cresco Labs Appoints New Chief Experience Officer

Cresco Labs, one of the largest vertically integrated multi-state cannabis operators in the United States, today announced the appointment of Scott Wilson to the new role of Chief Experience Officer.  As CXO, Wilson will extend Cresco Labs’ mission to professionalize and mainstream cannabis as a conventional consumer product with brands tailored to the largest consumer segments.  Continue reading “Cresco Labs Appoints New Chief Experience Officer”

Cresco Labs…oh what a year its been!

A year ago, I had the privilege of sharing Charlie Bachtell and his team at Cresco Labs’ story (The Big Boys Bring the A-Team and Game to Illinois and Beyond: Cresco Labs) with CBE’s readers. It was a story filled with a lot of hope, smart planning, a unique marketing and go to market strategy which we thought at the time was unique for industry start-ups and boy have they come a long way in a short period of time. Continue reading “Cresco Labs…oh what a year its been!”