Cresco Labs (CSE: CL) (OTCQX: CRLBF), the vertically integrated multistate operator, announced the execution of a definitive agreement to acquire 100% of the outstanding equity interests in Blair Wellness, LLC a Baltimore, Maryland medical cannabis dispensary.
Below is a recap of the main news related to the cannabis industry and markets for the week of August 13, 2021, which was marked by earnings reports out of many of the largest companies in the space – all details below.
Multi-state cannabis operator Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) announced its second-quarter financial results on Friday with revenue of $210.0 million beating Seeking Alpha estimates of $195.29 million. The revenue grew 17.7% from the previous quarter, and 122.8% year-over-year.
Trulieve Opens Stores In Tampa And Tavernier, 89th and 90th Dispensary Nationwide
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) continues its June opening streak by launching dispensaries in Tampa and Tavernier.
Vertically integrated cannabis company Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) reported a 9.9% quarter-over-quarter and 168.8% year-over-year revenue growth amounting to $178 million in the first quarter of 2021.
Cannabis Co Ascend Wellness Holdings Taps Former Ford Exec Joe Hinrichs To Its Board
Vertically integrated multi-state operator Ascend Wellness Holdings, Inc. (CSE: AAWH) has tapped Joe Hinrichs to its board of directors.