Cresco Labs stands as a titan in the cannabis sector, celebrated for its pioneering spirit and dedication to crafting premium cannabis products. Established in 2013 in the bustling city of Chicago, Cresco Labs has its etymological roots in the Latin term “Cresco,” which translates to “I grow” or “I increase.” This name encapsulates the company’s ethos of growth and expansion, both in terms of product offerings and geographical reach. Initially, Cresco Labs focused on establishing a stronghold in Illinois, but it has since burgeoned into a national leader, navigating the complexities of cannabis regulation with finesse. The company’s evolution mirrors the broader shifts in the cannabis industry, where Cresco Labs has consistently championed quality, transparency, and social responsibility. Today, Cresco Labs is synonymous with excellence in cannabis, offering a wide array of products that meet the diverse needs of consumers. To stay updated on Cresco Labs’ latest ventures, you can visit their website or follow their news on reputable sources like CNBC and The Wall Street Journal.
Cresco Labs, Inc. is a publicly traded, vertically integrated cannabis and medical marijuana company based in Chicago, Illinois, with current retail operations in nine states where marijuana has been legalized for medical use. The company's stock trades on the Canadian Securities Exchange under the ticker symbol CL, and in over-the-counter markets in the United States with the ticker symbol CRLBF.
 | |
| Company type | Public |
|---|---|
| CSE: CL OTCQX: CRLBF | |
| Industry | Cannabis industry, medical marijuana |
| Founded | 2013 |
| Founder | Charlie Bachtell Joe Caltabiano |
| Headquarters | Chicago, IL |
Area served | |
Key people | |
| Brands | Cresco Reserve Remedi Mindy's High Supply Good News FloraCal |
| Revenue | US$724,343,000 (2024) |
| US$364,454,000 (2024) | |
| Total assets | US$1,355,355,000 (2024) |
Number of employees | 2900 (2024) |
| Website | https://www.crescolabs.com/ |
| Footnotes / references | |