They create an array of Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Only 0.19% of the stock of Cresco Labs is held by institutions. View our CRLBF earnings forecast. Competitors. Major Benchmarks Today's change 1 year change 1 year trend . Only the top plants are selected to be used in the brand. The company is on a mission to normalize, professionalize, and revolutionize cannabis. While our brands cater to a range of different needs, each offers a trusted, quality, consistent experience, giving consumers the control they deserve. View which stocks are hot on social media with MarketBeat's trending stocks report. Medtronic's management also expects revenue growth to remain stable in the coming quarters as short-term headwinds fade. Cresco carts hold 500 mg or 1 gram of liquid. Cresco Labs (CSE:CL) (OTCQX:CRLBF) ("Cresco" or "the Company), a vertically integrated multistate cannabis operator and the No. These new stores expand Cresco's Florida retail . and create different sensations like vitality, laughter, and relaxation. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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, as well as cannabis products under the Reserve brand. In the past three months, Cresco Labs insiders have not sold or bought any company stock. Aurora has no significant financial partners, unlike its peers. In the medical device market, the company has a lot of potential. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Nearly 400 Cannabis Workers Joined The Union Since Jan. 1st, 2 Cannabis Stocks to Buy and 1 to Avoid in 2023, Down 70%: 2 Growth Stocks Are Smart Buys in a Bear Market, Why Green Thumb Industries, Curaleaf, and Cresco Labs Rallied Today, Why Green Thumb Industries, Curaleaf, and Cresco Labs Plunged Today, Cresco Labs Expands Retail Presence in Orlando, Florida, Cannabis stocks slide after Senator McConnell rebukes marijuana legislation, Cannabis stocks move after President Biden signs marijuana research bill, Wedbush initiates four cannabis stocks with outperform ratings and Green Thumb Industries as top tick, Top Marijuana MSOs Amid Earnings Season: Analyst Shares Key Takeaways From Q3 Reports & What They Mean, Good Stocks To Buy Right Now? Cannabis users who are saving for retirement or who trade stocks should consider investing in this company. What is a Good Dividend Yield? Cresco Labs Celebrates New Sunnyside Dispensary Opening in South Cresco Labs has a net margin of -7.60% compared to SNDL's net margin of -53.71%. Neither company needs marijuana legalization to keep delivering big gains for shareholders. Yearly Gain. Use the checkboxes below to add to the chart. Jim Halley (Trulieve): Trulieve is one of the best companies to invest in the cannabis space because the multi-state operator (MSO) knows how to make a profit and it's about to take advantage of its newfound size -- and resulting economies of scale. Now I bring people to vaping and bring vaping to people. The top 10 competitors in Cresco Labs' competitive set are CGC, Aurora, Organigram, MariMed, Inc., Supreme Cannabis, MedReleaf, CannaCraft, Emerald Health, Cannasseur. digitGaps report on Cresco Labs LLC delivers a detailed in-depth and comprehensive insights of the company, its history, corporate strategy, its businesses and structures, and company operations by examining its performance in . Summary of all time highs, changes and price drops for Cresco Labs; Historical stock prices; Current Share Price: CA$2.33: 52 Week High: CA$8.79: 52 . No representations and warranties are made as to the reasonableness of the assumptions. According to analysts' consensus price target of $6.86, Cresco Labs has a forecasted upside of 276.8% from its current price of $1.82. Sushree Mohanty for Since its inception, Cresco has scaled its business better, but Trulieve is still going strong and enjoying much success. In my mind, there are several strong reasons to buy this stock. We appreciate commentary from our readers. But the truth is that investors can buy growth stocks for less than $100. It's clear that the strategy is working -- so far. Better Buy: Cresco Labs or Trulieve? | The Motley Fool Discovery Company. 10.7% of SNDL shares are held by institutional investors. Market Cap. However, Pinterest has proven investors wrong with its recent quarterly results. Alex Carchidi (Cresco Labs): In my view, Cresco Labs is a good choice for investors who are looking for a cannabis company that's making progress in multiple areas at once. Cresco is a pretty good brand because they have more than Cresco carts. Find Cresco Labs stock competitors. Cresco has not yet entered international markets, but this could happen sooner rather than later. CNSX:TRUL CA$1.5b. Cresco Labs CRLBF Stock Forecast & Analysis - Cannabis Investing Newsletter Our mission for SEED is to develop tangible pathways into the cannabis industry for communities impacted by the War on Drugs through our three pillars: restorative justice, community business incubation, and education & workforce development. In the previous week, Cresco Labs had 10 more articles in the media than SNDL. Beyond the requirements of industry regulation, we regulate ourselves to a higher standard because its the right thing to do. Our daily ratings and market update email newsletter. And, as the company makes around half of its revenue from wholesale operations to other businesses, it doesn't necessarily need to maintain a large retail footprint to rake in cash. Date: Thursday, March 16 th, 2023. Pinterest's. Cresco Labs Inc., together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis products in the United States. It is also focusing on long-term profitability by closing underperforming facilities to save money. Mr. Batchell is an attorney and founder of the Illinois Cannabis Bar Association. Please log in to your account or sign up in order to add this asset to your watchlist. Management believes that the company's efforts in creating more personalized, timely, and engaging content are boosting its MAU and mobile app user growth. These edibles are available in a variety of flavors. Pre-rolls are great for people who do not want to go through the trouble of rolling their own joints. Currently, marijuana wholesaler Cresco Labs (CRLBF 0.55%) is living the dream. By continuing to use this site you are consenting to these choices. Get short term trading ideas from the MarketBeat Idea Engine. Trulieve just turned in its 15th consecutive profitable quarter with revenue of $224.1 million, up 64% year over year, and net income of $18.6 million, up 7% over the same period in 2020. Who are Cresco Labs competitors? - KnowledgeTimer The consensus among Wall Street research analysts is that investors should "buy" CRLBF shares. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Allied Market Research estimates that by 2031, the rapidly expanding global cannabis market could be worth $149 billion. Cresco Labs's revenue is the ranked 1st among it's top 10 competitors. However, management says Cresco should benefit in the long run, growing market share in key state markets as Pennsylvania, Ohio, and Florida look to legalize cannabis. His legal expertise and extensive experience in this industry have allowed the company to navigate various regulatory obstacles while maintaining steady growth. According to management, this strategy had a significant impact on its most recent quarterly results. However, the company's financials remain strong. EVOLUTIVE LABS CO., LTD. Company Profile | Taipei City, Taiwan Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions. Find company research, competitor information, contact details & financial data for Cresco Labs, LLC of Chicago, IL. P/E Ratio. (844) 978-6257. As a result, anyone who invests in Cresco Labs stock now is likely to make significant gains. Grown by CRESCO LABS. The only criticism of this company is that they do not make enough CBD products. They are available in Sativa, Indica, and Hybrid variants. Our trusted, national brands are available wholesale so that consumers can access them in as many places as possible. As Cresco Labs and Columbia Care work toward closing an acquisition agreement with each otherone of the biggest in the cannabis spacethe multistate operators announced Nov. 4 divestitures in three markets to Sean "Diddy" Combs. Most stock quote data provided by BATS. By clicking I agree and entering the website, I agree to be bound by the Terms of Service and Privacy Policy. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Even though its core financial metrics are improving rapidly, Cresco is still unprofitable, with a negative profit margin of 17.88%. Compare other stocks that are similar to CRLBF in performance, different metrics, and ratios. Home - Cresco Labs The vapes contain 300 mg of liquid and are available in Pride, Counting Sheep, Me Time, Brunch, Friyay, and Vegas. Sign in to your free account to enjoy all that MarketBeat has to offer. The stock currently trades for around $25. The most common Cresco Labs email format is [first]. All of their contact information is posted on their website, including the phone number and address. Sativa, Indica, and Hybrid strains are available. Comparison Results. Cresco Labs's Competitors, Revenue, Number of Employees - Owler Regulatory . Webcast: Link. The formulation is meant to provide relief from inflammation and stress, and it can help the user rest more easily. Data and analytics are essential when developing optimal strategies at each stage of production. Identify stocks that meet your criteria using seven unique stock screeners. How many employees does Cresco Labs have? Cresco Labs's headquarters is located at 400 W Erie St Suite 110, Chicago. Enter your email to receive our newsletter. Real-time analyst ratings, insider transactions, earnings data, and more. Invest better with The Motley Fool. I'd be comfortable with buying this stock today, and I expect that waiting a year would make the decision even easier. Cresco Labs beats SNDL on 10 of the 16 factors compared between the two stocks. Being involved to this extent allows them to create a better overall product than what many of their competitors offer. Whereas Cresco's market cap is only $2.4 billion, Trulieve's is larger, at around $5.5 billion. Customers can buy flowers, live resin, concentrates, and pre-rolls.