Excludes vitamins/supplements, CROs/clinical trial services. In the previous week, Cresco Labs had 5 more articles in the media than SNDL. The top 10 competitors in Cresco Labs' competitive set are CGC, Aurora, Organigram, MariMed, Inc., Supreme Cannabis, MedReleaf, CannaCraft, Emerald Health, Cannasseur. Cresco Labs provide both patients and doctors a "go-to" resource for research, products, and cannabis-based treatments. This suggests a possible upside of 276.8% from the stock's current price. By Sam Reisman. Cresco Labs' portfolio of trusted brands serves an array of consumer lifestyles, from those who are familiar with cannabis to those who are brand new to it. MarketBeat recorded 7 mentions for Cresco Labs and 2 mentions for SNDL. Also, their cannabis and cannabis products are sourced domestically. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. SNDL (NASDAQ:SNDL) and Cresco Labs (OTCMKTS:CRLBF) are both small-cap medical companies, but which is the superior business? Analyst Briefing Submitters are 7x more likely to receive a qualified connection. The acquisition should close at the end of Q1 2023 and will add another 130 dispensaries to Cresco's portfolio. How many employees does Cresco Labs have? It uses Cresco Labs' balance sheet items such as long-term debt, the book value of the preferred stock, minority interest, and other important financials. Origin House Obtains Final Order for Proposed Arrangement with Cresco If the U.S. federally legalizes cannabis, domestic growers like Cresco will have an advantage. Medical device company Medtronic's (NYSE: MDT) recent quarterly results might be a tad disappointing owing to external macro headwinds. Trulieve is the third-largest pure-play cannabis stock in terms of revenue, but it is on its way to being the biggest. Cresco Labs brands are an excellent source for cannabis products that are high in THC and are of good quality. Aurora has no significant financial partners, unlike its peers, Tilray and Canopy Growth. Cresco Labs LLC Company Profile, Financial and Strategic SWOT Analysis Cresco Labs started at buy with C$25 stock price target at Alliance Global Partners. The company earns $-319,600,000.00 in net income (profit) each year or ($0.25) on an earnings per share basis. Whereas Cresco's market cap is only $2.4 billion, Trulieve's is larger, at around $5.5 billion. While Cresco isn't yet profitable, its quarterly revenue is increasing at a fast pace, and in the third quarter it reported a rise of 42.8% year over year. American Consumer News, LLC dba MarketBeat 2010-2023. Cresco is built to become the most important company in the cannabis industry by combining the most strategic geographic footprint with one of the leading distribution platforms in North America. All rights reserved. While federal legalization in the United States appears to be a long shot, the international cannabis market is enormous. I agree to be bound by the Jane Technologies, Inc . As of December 6, 2022, it owned and operated 55 dispensaries. Expect strong and stable companies like Cresco to continue spreading their roots. In its fiscal 2023 second quarter, it finally reported a positive adjusted EBITDA of 1.4 million Canadian dollars. What is Cresco Labs' stock price forecast for 2023? As of now, Cresco Labs products are available in stores located in Chicago. They also have Indica, Sativa, and Hybrid specimens. Since then, CRLBF stock has increased by 1.1% and is now trading at $1.82. The key to investing is diversifying your portfolio with good stocks from high-growth industries and holding them for the long haul. February 27, 2023|americanbankingnews.com, February 24, 2023|markets.businessinsider.com. Currently, marijuana wholesaler Cresco Labs (CRLBF 0.55%) is living the dream. Its dividend yield is 3.2%, which is significantly higher than the S&P 500's 1.7% average yield. As growers, processors and retailers of premium cannabis operating in nine states, our company focuses on entering. Type a symbol or company name. 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. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. Sunnyside South Florida is located at 2051 Town center Blvd. SNDL presently has a consensus target price of $5.20, indicating a potential upside of 173.68%. Sunnyside South Orlando is located at 2051 Town Center Blvd. SNDL's average media sentiment score of 0.52 beat Cresco Labs' score of -0.24 indicating that SNDL is being referred to more favorably in the media. Only 0.19% of the stock of Cresco Labs is held by institutions. They are well-known for their quality. Cresco operates in several states, while Trulieve only has dispensaries in Florida and a few in California and Colorado. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Cresco Labs Celebrates New Sunnyside Dispensary Opening in South Team Members. OTTAWA, Jan. 6, 2020 /CNW/ - CannaRoyalty Corp. d/b/a Origin House(CSE: OH)(OTCQX: ORHOF) ("Origin House"or the"Company"), a North American cannabis products and brands company, is pleased to announce, further to the Company's press releases dated April 1, 2019 and November 13, 2019, that the Company has obtained a final order from the Ontario . However, it also has the potential to make risk-tolerant investors wealthy in the long run with attractive investment options in both the Canadian and U.S. markets. The company also offers cannabis flowers under the FloraCal brand; and chocolate and toffee confections, fruit-forward gummies, hard sweets, and taffy under the Mindy's Edibles brand, as well as licenses the Kiva brand, which produces cannabis infused edibles, including chocolate confections, gummies, mints, and tarts. http://www.expedia.com.au/Taipei.d180030.Destination-Travel-GuidesIn recent decades, Taiwan has transformed itself into one of Asia's premier travel destinat. Cresco Labs Stock Is a Buy Due to Strong Growth Prospects - Market Realist Trulieve Cannabis. As the marijuana industry experiences rising business competition from a wave of legalization in the U.S., it may not be able to defend its medicinal market share against others as a result. The P/E ratio of Cresco Labs is -7.28, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Cresco Labs' share price tumbled 60% over the last year; it is down -52% in the 10 months of . *Stock Advisor returns as of February 8, 2023. View Cresco Labs' Short Interest. In my mind, there are several strong reasons to buy this stock. Factset: FactSet Research Systems Inc.2019. Though the quarterly results appear to be encouraging, there are still some concerns. General Overview of the Companys Services, Thanks for subscribing to our mailing list, Nicotine Tests How Long does Nicotine Stay in Your System, Cresco Labs Inc.: A Premium Source for Cannabis and a Good Investment. Learn More. Cresco Brands are excellent, but this one is the best of the best. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. State-of-the-art facilities. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. In addition, they come in different flavors: Florical Farms has several types of dry bud, like Lime Sorbet, Julius 2.0, and countless other strains. Cresco Labs Email Format & Employee Directory | ContactOut This cannabiss quality is exceptional because of how the companys management controls the process of cultivation, harvesting, and processing. Cresco Labs - Overview, News & Competitors | ZoomInfo.com Selling an even more copious amount of marijuana, more efficiently than before, and to an everwidening audience. Cresco's revenue for fiscal year 2021 (ended Dec. 31, 2021) was $822 million. Yearly Gain. . These companies participate in - or service businesses that participate in - the legal cannabis industry. Cresco Labs is a medical cannabis cultivation company. . Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. Thanks to its exceptionally strong position in Florida, Trulieve's stock is likely to continue flourishing over the next couple of years. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off. Aurora's net revenue increased by 2% year over year to CA$62 million, and grew 20% sequentially. Currently, the company only serves customers in Arizona, Illinois, Massachusetts, New York, Ohio, and Pennsylvania. Disclaimer. Making the world smarter, happier, and richer. The deal should close at the end of first quarter 2023 and will add another 130 dispensaries to Cresco's portfolio. There is every reason to believe that Cresco Labs stock price could go up if marijuana is legalized at the Federal level. Phone Number 312-263-1665. As of February 15th, there was short interest totaling 4,240,800 shares, an increase of 48.9% from the January 31st total of 2,848,700 shares. View which stocks are hot on social media with MarketBeat's trending stocks report. The company saw Hugo garner positive sales momentum in global markets, according to management. Experienced Analyst with a demonstrated history of improvement. Cresco Disposable Vape Pen Review. The Features, Design - UPENDS Both of these companies are well-structured and are likely to grow. 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? In Florida, the company is already the leading player and will greatly benefit whenever that state allows adult-use sales. Aurora has no significant financial partners, unlike its peers. Juice Head Brand Review: Wrap Your Head Around These Disposable Bars. Curaleaf Holdings Inc. (CURLF) A U.S. MSO, the company has 148 dispensaries and 29 cultivation sites in 19 states, including Arizona, Florida, Illinois, Massachusetts, New Jersey, New York and . 10 stocks we like better than PinterestWhen our award-winning analyst team has a stock tip, it can pay to listen. Aurora's path will not be easy unless the company generates profits and achieves positive cash flow. Competitors Cresco Labs vs. Trulieve. 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 . In the medical device market, the company has a lot of potential. Read more. You can read more about your cookie choices at our privacy policyhere. Cresco Labs Stock: Worth The Wait (CRLBF) | Seeking Alpha . Backtested performance is not an indicator of future actual results. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Let's examine an investment thesis for each to find out. Cresco Labs announced an agreement to acquire Columbia Care, establishing the New Leader in Cannabis.