Cresco Labs (CSE: CL) (OTCQX: CRLBF) - Investor Dashboard

Summary

Financials (03/31/21)

Capital Structure (05/28/21)

Company Brief

Cresco Labs (CSE: CL) (OTCQX: CRLBF), based in Chicago, is a leading U.S. cannabis company with experienced management, access to capital and a demonstrated growth strategy. As a differentiated grower, processor and retailer of premium cannabis with operations in nine states, the company focuses on entering markets with outsized demand potential, significant supply constraints and high barriers to entry.

Its unparalleled speed-to-market gives Cresco a distinct competitive advantage as it replicates its model to expand its national footprint. Cresco’s proven ability to execute is complemented by a well-defined brand strategy that is tailored to all major consumer segments: everyday cannabis, medicinally focused, connoisseur grade, and chef-inspired edibles by James Beard Award-winning pastry chef Mindy Segal. The company’s growth strategy is focused on brands and distribution.

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Highlights

• One of the largest, vertically integrated multi-state operators
• Brands to address variant consumer groups: Remedi, Cresco, Reserve, Mindy’s, Wonder Wellness Co., High Supply, Good News, and dispensary brand Sunnyside
• Strong medical advisory board and R&D partnerships with leading institutions and universities
• 44 retail licenses, 32 operating dispensaries and 18 production facilities
• More than 5,000 SKUs in production
• Operations in Illinois, Pennsylvania, Ohio, Arizona, Maryland, California, Massachusetts, New York, Michigan and Florida
• Branded products sold through company-owned dispensaries and through wholesale; products sold in more than 1.100 dispensaries across the country

Growth Strategy

• Leveraging success in the Illinois, Pennsylvania and California markets to expand into states like Florida, Michigan, New York and Massachusetts
• Hope Heal Health acquisition to help the company serve the growing adult-use market in Massachusetts
• Create licensing and/or distribution partnerships to expand Mindy Segal edible products
• Growth fueled by brands and distribution
• Developing a variety of products based on traditional pharmaceutical delivery systems – pills, tinctures, topical salves, transdermal patches and edible forms with a variety of cannabinoid profiles
• Marketing strategy driven by awareness and education, in-store experience, and outreach
• Formation of hemp and CBD subsidiary WellBeings
• Actively pursuing the acquisition of licenses and existing cannabis operations

Differentiators

• Obtained cultivation licenses in more than one of the modern, limited license, merit-based application state programs
• One of 10 vertically integrated license holders in New York
• Holds two of seven licenses available in Chicago’s Central District and one of six available licenses in the Southeast District
• 630,000 square feet of potential canopy space and 10 stores in Illinois; 88,000 square feet of cultivation in Pennsylvania
• Holds the maximum number of retail licenses (five) in Ohio following the acquisition of four Verdant Creations’ dispensaries
• One of the largest wholesale distributors in California following the Origin House acquisition
• Social Equity and Education Development (SEED) initiative aims to make the cannabis space more inclusive

Kenric Tyghe
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Matthew McGinley
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ROTH Capital Partners

Derek Dley
Canaccord Genuity

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Echelon Partners

Jason Zandberg
PI Financial

Andrew Partheniou
Stifel

Pablo Zuanic
Cantor Fitzgerald

Graeme Kreindler
Eight Capital

Michael S. Lavery
Piper Jaffray