Cresco Labs is focused on wholesale and has a goal of converting people from the illicit market to the regulated market.
900,000 sq ft of cultivation.
70+ stores.
FACILITIES:
Utah: 1 of 8 cultivation licenses.
California : Cresco Labs is the sole producer and distributor of Khalifa Kush-branded products which are sold in Cookies stores.
Florida: 54,000 sq ft of cultivation and processing with 31 stores.
Massachusetts: 64,00 sq ft of cultivation. Customers can order via Doobie Direct for delivery to their door from 4 stores across the state.
New York: 433,000 sq ft cultivation, processing, packaging and distribution of cannabis with 4 stores.
Ohio: 95,000 sq ft of cultivation and processing 5 stores.
Pennsylvania: 88,000 sq ft of cultivation and processing with 15 stores.
Illinois: 215,000 sq ft of cultivation and processing with 10 stores.
Nevada: 160,000 sq ft of cultivation, processing and ancillary space.
PARTNERSHIPS:
2019
The company acquired Gloucester Street Capital gaining 1 of the 10 vertical licenses operating in New York.
The company announced the signing of a letter agreement to acquire VidaCann, a company active in the Florida market, the agreement was terminated later in the year.
The company signed a purchase ageement to acquire Tryke Companies’ 6 stores in Nevada and Arizona and expand its cultivation and processing capacity in these states as well as enter the Utah market.
The company was named the US Cannabis Company Game Changer at MJBizDaily Awards in Las Vegas. The American Trade Association for Cannabis and Hemp announced Charlie Bachtell as the year’s top industry leader, visionary, and contributor with a Captain of the Industry Award.
The company launched online ordering in Western Pennsylvania.
The company was named the Best Place to Work in Chicago by Crain’s Chicago Business.
2020
The company signed an agreement to act as the exclusive distributor of Kings Garden packaged products.
The company and Tryke Companies mutually agreed to terminate their purchase agreement.
The company acquired Origin House, a distribution company in California, also gaining access to 92,000 sq ft of ultra-premium indoor cultivation and production facilities.
The company acquired Hope Heal Health which holds licenses for cultivation, product manufacturing and an open store in Massachusetts.
The company entered into agreements with Verdant Creations giving the company the option to purchase 4 Ohio stores. Under the agreement, Cresco has agred to provide certain consulting services and financing to Verdant for the development and operation of the stores.
2021
The company signed an exclusive distribution agreement in California with Emerald Family Farms which is a farming co-op in the Emerald Triangle in California providing sustainable, sun-grown, jarred flower, pre-rolls and concentrates.
The company acquired Bluma Wellness, gaining access to 1 of the state’s only cultivation facilities producing ultra-premium quality flower and 8 stores offering same-day delivery and curbside pickup. 7 more stores are also in permitting and/or are under construction.
The company acquired 4 stores from Verdant Creations in Ohio.
The company acquired Laurel Harvest Labs, a Pennsylvania vertical operator with around 52,000 sq ft of indoor grow/processing space and a store as well as another store under construction and licenses for 4 more.
The company acquired Cure Pennsylvania with 3 stores which will be rebranded to Sunnyside next year.
The company shifted away from its 3rd party distribution in California to focus on its own brand’s distribution in the state.
The company acquired Cultivate in Massachusetts gaining access to a 42,000 sq ft flowering canopy and 3 stores.
2022
Deal with Khalifa Kush to exclusively cultivate, manufacture and distribute flower and pre-rolls in Massachusetts as well as an exclusive cultivation and product collaboration agreement in California where they are the sole producer and distributor of Khalifa Kush distributing all across the state.
2023
Direct-to-Consumer Partnership with Doobie for delivery in Massachusetts.
The company became the first THC-company to advertise on Spotify.
The company announced a research agreement to figure out the ways cannabis can be used to treat conditions like chronic pain and food allergies.
The company and The Cannabist mutually agreed to terminate the proposed merger between them.
The company expanded its partnership with Khalifa Kush to exclusively cultivate, manufacture and distribute the cannabis brand’s premium products in Massachusetts.
2024
Good News collaborated with the Wicker Park sports bar the Fifty/50 to come up with The Big Game sauce, a mild orange wing sauce containing 100 mg of THC selling at the company’s stores in River North, Wrigleyville, Buffalo Grove and Schaumburg as well as across Okay Cannabis, a chain that has a relationship with Fifty/50.
2025
Good News partnered with Boston chef and restaurateur Asia Mei to develop a THC-infused Asian barbecue wing sauce to be sold at select Sunnyside stores in Illinois and Massachusetts.
The companyannounced a management services agreement with a Tier 3 cultivation license in Kentucky. The agreement makes Cresco 1 of 2 operators in the state and includes the management and operation of Kentucky’s largest cultivation facility with up to 25,000 sq ft of canopy.
The company announced a strategic restructuring involving plans to divest its California operations including cultivation, manufacturing and select stores, however, excluding its premium FloraCal brand.
The company entered Germany through a medical flower distribution agreement with Blossom pertaining to Cresco-branded flower sourced from Canadian cultivators which will be processed, tested and packaged at an EU-GMP-certified facility in Lisbon before sales of 3 signature lower products to German pharmacies through prescription channels.
2026
The company was awarded a Texas Compassionate Use Program License. However, a month later, the license was revoked as the state of Texas said calculations were wrongly made and put them on the state’s eligibility list.
The company opened up 2 stores in Ohio in April-May.
BRANDS:
Cresco offers most popular and consistent strains and is available in California, Arizona, Illinois, Michigan, Ohio, Maryland, Pennsylvania, Massachusetts and Florida
Reserve includes strains with exclusive, proprietary genetics, nurtured with masterful cultivation techniques and just the top 10% of the flower is harvested by hand.
Remedi is wellness-minded cannabis, delivered as tinctures, capsules and RSO.
Mindy’s Edibles provides restaurant-quality edibles infused with the best quality of cannabis oil with a wide variety of tasty products with multiple potency levels available. Mindy Segal is the creative force behind the brand bringing gummies and chcolates to the market. Available in Nevada, Illinois and California.
Good News is for great moments with friends as it provides three easy to share product forms – pre-rolls called shorties, vapes and gummies. Available in Pennsylvania.
High Supply is quality cannabis that provides you with shake, popcorn & flower which is available in bulk (up to 14 grams), vape carts & pens, pre-rolls & shorties as well as concentrates.
Wonder Wellness Co. provides you with gummies and minis, each with different THC and CBD variations in different flavors.
Flora Cal Farms is Cresco’s premium brand in California, rooted in Sonoma County, bringing to you the finest genetics in small batch sustainable farming made with 100% renewable energy, terpene rich hand-trimmed flowers, love rosin cartridges and concentrates.
RETAIL BRANDS:
Sunnyside is Cresco Labs retail store concept with a loyalty program for regulars.