Cresco Labs Launches Adult-Use Cannabis Distribution and Retail Sales in Ohio
August 06 2024 - 7:30AM
Business Wire
Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) (“Cresco
Labs” or the “Company”), the industry leader in branded
cannabis products with a portfolio of America’s most popular brands
and the operator of Sunnyside dispensaries, today announced the
launch of adult-use distribution and retail sales in the Ohio
market. The Company’s Yellow Springs cultivation/processing
facility and all five of their Sunnyside Dispensaries have been
approved to service both medical and adult-use customers in the
state.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240806901201/en/
Cresco Labs five Sunnyside Dispensary
locations in Ohio began sales today for adult-use customers (Photo:
Business Wire)
“The acceptance of cannabis continues to grow with Ohio becoming
the 24th state to launch an adult-use cannabis program. This is a
tipping point with almost half of all states allowing adult-use
cannabis and more adopting common-sense regulations every day,”
said Charlie Bachtell, CEO and Co-founder of Cresco Labs. “Our Ohio
team is ready to welcome new customers to our incredibly popular
Sunnyside stores, which are twice as productive as the state
average, and introduce them to our award-winning portfolio of
branded products.”
The Company manufactures and distributes its Cresco, Supply,
Good News, Wonder Wellness, and Mindy’s branded products throughout
the state. Sunnyside operates five stores located in Cincinnati,
Newark, Chillicothe, Marion and Wintersville. The Company has the
right and intends to open three more dispensaries in Ohio, pending
approval from the Ohio Department of Commerce.
Ohio is the seventh-most-populous state in the country with
nearly three-quarters of Ohioans older than 21. When Ohio reaches
its full potential, it is expected to be a $2 billion market a 4x
increase from the roughly $0.5 billion in 2023.
About Cresco Labs Inc.
Cresco Labs’ mission is to normalize and professionalize the
cannabis industry through a CPG approach to building national
brands and a customer-focused retail experience, while acting as a
steward for the industry on legislative and regulatory-focused
initiatives. As a leader in cultivation, production and branded
product distribution, the Company is leveraging its scale and
agility to grow its portfolio of brands that include Cresco, High
Supply, FloraCal, Good News, Wonder Wellness Co., Mindy’s and
Remedi, on a national level. The Company also operates highly
productive dispensaries nationally under the Sunnyside brand that
focus on building patient and consumer trust and delivering ongoing
education and convenience in a wonderfully traditional retail
experience. Through year-round policy, community outreach and SEED
initiative efforts, Cresco Labs embraces the responsibility to
support communities through authentic engagement, economic
opportunity, investment, workforce development and legislative
initiatives designed to create the most responsible, respectable
and robust cannabis industry possible. Learn more about Cresco
Labs’ journey by visiting www.crescolabs.com or following the
Company on Facebook, X or LinkedIn.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240806901201/en/
Media Jason Erkes, Cresco Labs Chief Communications
Officer press@crescolabs.com 312-953-2767
Investors TJ Cole, Cresco Labs SVP, Corporate Development
& Investor Relations investors@crescolabs.com
For general Cresco Labs inquiries: 312-929-0993
info@crescolabs.com
Cresco Labs (TG:6CQ)
Historical Stock Chart
From Aug 2024 to Sep 2024
Cresco Labs (TG:6CQ)
Historical Stock Chart
From Sep 2023 to Sep 2024