Cresco Labs Announces Strategic Restructuring and Plans to Divest California Operations

Cresco Labs Announces Strategic Restructuring and Plans to Divest California Operations

CHICAGO -- Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) (“Cresco Labs” or the “Company”), today announced a strategic restructuring that includes plans to sell its California operations. This restructuring is part of the Company’s broader strategy to strengthen its balance sheet, increase cash flow, and prioritize markets with the highest margins and long-term growth potential.

Cresco Labs is latest cannabis MSO to exit California market - Cannabis News World

Multistate cannabis operator is selling its California assets as part of a strategic effort to preserve cash as the cannabis industry struggles with falling prices and rising expenses. Cresco Labs is latest cannabis MSO to exit California market is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Cresco Exits California Amid Strategic Restructuring - Shanken News Daily

Illinois-based multistate operator Cresco Labs is exiting the California market as it restructures its business to take advantage of growth opportunities in other markets. For Cresco, with sales of $724 million last year, the move “allows us to reallocate capital … Continue reading → The post Cresco Exits California Amid Strategic Restructuring appeared first on Shanken News Daily.

Cresco Labs Wants to Sell All of its California Cannabis Operations

The company said it's prioritizing markets with the highest margins.

Cresco Labs Inc. (CRLBF) Announces Strategic Restructuring and Plans to Divest California Operations

Cresco Labs Announces Strategic Restructuring and Plans to Divest California Operations Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) (“Cresco Labs” or the “Company”), today announced a strategic restructuring that includes plans to sell its California operations. This restructuring is part of the Company’s broader strategy to strengthen its balance sheet, increase cash flow, and prioritize markets with the highest margins and long-term g…

Cresco Labs To Exit Operations In California

It’s the end of an era for Cresco Labs (CSE: CL), who this morning announced that they will be selling off their California operations as part of a strategic restructuring. The efforts comes as part of an effort to focus on the highest margin markets with long term growth potential. Discussions are said to be […]