Cresco Labs reports increased marijuana revenue, net quarter loss

Don’t miss the opportunity to attend MJBizCon 2023 with tickets starting at $99 for a limited time! Dare to join us? Buy your ticket today.

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.

For analysis and in-depth looks at the investment trends and deals driving the cannabis industry forward, sign up for our premium subscription service, Investor Intelligence.