Cresco Labs (OTCQX:CRLBF) is without doubt one of the “Big 4” U.S. multi-state operators (‘MSOs’) within the hashish trade. In comparability with friends, CRLBF has a heavier emphasis on the wholesale market, though its retail dispensary section can be rising quickly. The newly-elected Democratic administration could present tailwinds if hashish is decriminalized on the federal degree. CRLBF’s steadiness sheet is in weaker form than the remainder of the Big 4, however future progress could allow the corporate to finally scale back leverage. I charge shares a purchase with large upside however observe the excessive uncertainty and potential dangers.

New Cannabis Growth Monster

CRLBF has operations in 9 states, however its key core markets are in Illinois and Pennsylvania, the place it has main market share and 100% wholesale penetration:

(Investor Presentation)

We can see under that in contrast to most U.S. primarily based hashish operators, CRLBF derives the majority of its revenues from wholesale distribution channels:

(Investor Presentation)

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