Cresco Labs Inc. (CRLBF)

OTCMKTS: CRLBF · Delayed Price · USD
1.926
+0.026 (1.36%)
May 24, 2024, 3:59 PM EDT - Market closed
Market Cap 836.85M
Revenue (ttm) 765.36M
Net Income (ttm) -152.51M
Shares Out 434.54M
EPS (ttm) -0.47
PE Ratio n/a
Forward PE 113.64
Dividend n/a
Ex-Dividend Date n/a
Volume 3,338,451
Open 2.010
Previous Close 1.900
Day's Range 1.920 - 2.025
52-Week Range 1.000 - 2.770
Beta 2.01
Analysts Hold
Price Target 2.50 (+29.82%)
Earnings Date n/a

About CRLBF

Cresco Labs Inc., together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis products in the United States. It provides cannabis in flowers, vape pens, live resins, disposable pens, and extracts under the Cresco brand; vape carts, vape pens, flower, popcorn, shake, pre-rolls, shorties, and concentrates under the High Supply brand; vapes and gummies under the Good News brand; vapes and edibles under the Wonder Wellness Co. brand; and tinctures, capsules, salves, and sublingual oils under the Remedi brand. The... [Read more]

Sector Healthcare
Founded 2013
Employees 2,800
Stock Exchange OTCMKTS
Ticker Symbol CRLBF
Full Company Profile

Financial Performance

In 2023, Cresco Labs's revenue was $785.02 million, a decrease of -6.84% compared to the previous year's $842.68 million. Losses were -$178.74 million, -17.19% less than in 2022.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for CRLBF stock is "Hold." The 12-month stock price forecast is $2.5, which is an increase of 29.82% from the latest price.

Price Target
$2.5
(29.82% upside)
Analyst Consensus: Hold

News

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U.S. cannabis dispensary operator Cresco Labs posts narrower loss as revenue dips

Cresco Labs Inc. CRLBF, +0.50% said Wednesday its first-quarter loss narrowed to $2.06 million, from $27.8 million in the year-ago quarter. Excluding taxes, first-quarter net income totaled $16 millio...

11 days ago - Market Watch

Cresco Labs Reports Continued Trend of Financial Improvement with First Quarter 2024 Financial Results

CHICAGO--(BUSINESS WIRE)--Cresco Labs Reports Continued Trend of Financial Improvement with First Quarter 2024 Financial Results.

11 days ago - Business Wire

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Cresco Labs Announces May Conference Participation

CHICAGO--(BUSINESS WIRE)--Cresco Labs Announces May Conference Participation.

17 days ago - Business Wire

Cannabis stocks rally as AP reports imminent rescheduling proposal by DEA

Cannabis stocks were up sharply on Tuesday on a report by the Associated Press that the U.S. Drug Enforcement Administration is poised to propose the lowering of cannabis to a Schedule III controlled ...

26 days ago - Market Watch

Cresco Labs to Report First Quarter 2024 Financial Results on May 15, 2024

CHICAGO--(BUSINESS WIRE)--Cresco Labs to Report First Quarter 2024 Financial Results on May 15, 2024.

26 days ago - Business Wire

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Florida Supreme Court OKs adult-use cannabis referendum for November ballot in victory for pot companies

The Florida Supreme Court on Monday ruled in favor of allowing Florida voters to decide whether cannabis can be sold to adults 21 and over through a referendum on the November ballot.

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7 weeks ago - Market Watch

Cannabis company Cresco Labs swings to a profit while revenue beats estimates

Cresco Labs Inc. CRLBF, +2.63% said Wednesday it swung to a fourth-quarter profit on stronger-than-expected revenue. The Chicago-based cannabis seller said it earned $4.87 million in the three months ...

2 months ago - Market Watch

Cresco Labs Reports Fourth Quarter & Full Year 2023 Financial Results Demonstrating Significant Profitability and Cash Flow Improvements

CHICAGO--(BUSINESS WIRE)--Cresco Labs Reports Fourth Quarter & Full Year 2023 Financial Results Demonstrating Significant Profitability and Cash Flow Improvements.

2 months ago - Business Wire

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Cresco Labs to Report Fourth Quarter and Annual 2023 Financial Results on March 13, 2024

CHICAGO--(BUSINESS WIRE)--CRESCO LABS TO REPORT FOURTH QUARTER AND ANNUAL 2023 FINANCIAL RESULTS ON MARCH 13, 2024.

3 months ago - Business Wire

Cannabis stocks rise as Germany takes ‘first big step' toward broader legalization in Europe

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Cresco Labs Continues Retail Expansion in Pennsylvania with New Gettysburg Store

CHICAGO--(BUSINESS WIRE)--Cresco Labs Continues Retail Expansion in Pennsylvania with New Gettysburg Store.

3 months ago - Business Wire

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Cresco Labs Announces Transfers of Super Voting Shares to Certain Directors

CHICAGO--(BUSINESS WIRE)--CRESCO LABS ANNOUNCES TRANSFERS OF SUPER VOTING SHARES TO CERTAIN DIRECTORS.

3 months ago - Business Wire

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4 months ago - Invezz

Cresco Labs Promotes Greg Butler to President

CHICAGO--(BUSINESS WIRE)--Cresco Labs Promotes Greg Butler to President.

4 months ago - Business Wire