Cresco Labs

Chicago, United States Founded: 2013 • Age: 13 yrs
Retailer of cannabis based products
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About Cresco Labs

Cresco Labs is a company based in Chicago (United States) founded in 2013.. Cresco Labs has raised $104 million across 2 funding rounds. The company has 2,900 employees as of December 31, 2024. Cresco Labs has completed 12 acquisitions, including Arizona Facility Supply, Blair Wellness and Bluma Wellness. Cresco Labs offers products and services including House of Brands and Retail Products. Cresco Labs operates in a competitive market with competitors including Auxly, TerrAscend, Goodness Growth Holdings, Sweet Flower and Vireo Growth, among others.

  • Headquarter Chicago, United States
  • Employees 2900 as on 31 Dec, 2024
  • Stage Public
  • Sectors
    Consumer
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Cresco Labs, Inc.
Operational Areas
Consumer → Tobacco, Cannabis & Alternative Products
Key Metrics
  • Annual Revenue
    $689.69 M (USD)
    -4.63
    as on Dec 31, 2024
  • Net Profit
    $-70.88 M (USD)
    56.95
    as on Dec 31, 2024
  • EBITDA
    $167.97 M (USD)
    35.14
    as on Dec 31, 2024
  • Total Equity Funding
    $104 M (USD)

    in 2 rounds

  • Latest Funding Round
    $100 M (USD), Series D

    Oct 05, 2018

  • Investors
  • Employee Count
    2900

    as on Dec 31, 2024

  • Investments & Acquisitions
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IPO & Listings of Cresco Labs

Cresco Labs is a publicly listed company on the CSE with ticker symbol CL in Canada, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

Exchange: CSE · Ticker: CL . Sector: Process industries · Canada

Products & Services of Cresco Labs

Cresco Labs offers a comprehensive portfolio of products and services, including House of Brands and Retail Products. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

Assortment of quality cannabis brands for diverse consumer needs

High-quality cannabis items for medical and recreational use

People of Cresco Labs
Headcount 1000-5000
Employee Profiles 147
Board Members and Advisors 1
Employee Profiles
People
Megan Boyd
Sr Manager, Retail Demand Planning
People
Chelsea Donley
East Regional Trainer
People
Chris Fuston
Sourcing Manager
People
Charlie Bachtell
Founder & CEO

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Board Members and Advisors
people
Tom Manning
Chairman

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Funding Insights of Cresco Labs

Cresco Labs has successfully raised a total of $104M across 2 strategic funding rounds. The most recent funding activity was a Series D round of $100 million completed in October 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding
  • Total Rounds 2
  • Last Round Series D — $100.0M
  • First Round

    (06 Oct 2014)

  • Investors Count
Date Amount Transaction Name Valuation Lead Investors Investors
Oct, 2018 Amount Series D - Cresco Labs Valuation

investors

Oct, 2014 Amount Series A - Cresco Labs Valuation

investors

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investments & Acquisitions by Cresco Labs

Cresco Labs has strategically engaged in corporate development activities, having acquired 12 companies. Notable acquisitions include Arizona Facility Supply, Blair Wellness and Bluma Wellness. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Acquisitions
Company Name Description Domain Location Founded Year Amount
Healthcare management services are provided to clients.
2018
Cannabis-based medicinal products are manufactured in the United States.
2017
Medical cannabis is dispensed and wellness services are provided.
2016
Company Name Description Domain Location Founded Year Amount
OVO is recognized as a smart digital payment application.
2017
Bionic investment advisor platform
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014

Financial Statements - Cresco Labs

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Cresco Labs Comparisons

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Competitors of Cresco Labs

Cresco Labs operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Auxly, TerrAscend, Goodness Growth Holdings, Sweet Flower and Vireo Growth, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Platform for managing cannabis manufacturing operations is provided.
domain founded_year HQ Location
Cannabis dispensaries are operated and medical products are retailed.
domain founded_year HQ Location
Retailer of cannabis products
domain founded_year HQ Location
Provider of an E-commerce platform for cannabis products
domain founded_year HQ Location
Cannabis company focused on cultivation, manufacturing, wholesale, and retail
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Cresco Labs

Frequently Asked Questions about Cresco Labs

When was Cresco Labs founded?

Cresco Labs was founded in 2013 and raised its 1st funding round 1 year after it was founded.

Where is Cresco Labs located?

Cresco Labs is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.

Is Cresco Labs a funded company?

Cresco Labs is a funded company, having raised a total of $104M across 2 funding rounds to date. The company's 1st funding round was a Series A of $4M, raised on Oct 06, 2014.

How many employees does Cresco Labs have?

As of Dec 31, 2024, the latest employee count at Cresco Labs is 2,900.

What is the annual revenue of Cresco Labs?

Annual revenue of Cresco Labs is $689.69M as on Dec 31, 2024.

What does Cresco Labs do?

Cresco Labs was founded in 2013 in Chicago, United States, within the cannabis industry. Retail operations are centered on cannabis-based products, including distribution and sales through licensed channels. The company serves consumers in various states where cannabis is legalized, with headquarters maintained in Chicago. Its online presence is established via crescolabs.com, focusing on compliance and market expansion in the sector.

Who are the top competitors of Cresco Labs?

Cresco Labs's top competitors include Auxly, TerrAscend and Vireo Growth.

What products or services does Cresco Labs offer?

Cresco Labs offers House of Brands and Retail Products.

Is Cresco Labs publicly traded?

Yes, Cresco Labs is publicly traded on CSE under the ticker symbol CL.

How many acquisitions has Cresco Labs made?

Cresco Labs has made 12 acquisitions, including Arizona Facility Supply, Blair Wellness, and Bluma Wellness.

What is Cresco Labs's ticker symbol?

The ticker symbol of Cresco Labs is CL on CSE.

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