Cresco Labs reports increased marijuana revenue, net quarter loss

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Cresco Labs, a multistate cannabis company based in Chicago, on Wednesday reported revenue of $29.9 million for the second quarter, up 253% from the same period a year ago.

Net loss for the quarter, ending June 30, was $3.9 million, compared with net income of $1.6 million for the prior-year period.

Cresco trades on the Canadian Securities Exchange under the ticker symbol CL.

More details about the quarterly results can be found here.

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