CRLBF - Better Marijuana Stock: Cresco Labs vs. Village Farms International
Cannabis companies Cresco Labs (OTC: CRLBF) and Village Farms International (NASDAQ: VFF) have both been around for awhile, and both have seen strong recent revenue growth thanks to acquisitions.
Chicago-based Cresco Labs, founded in 2013, is a pure-play cannabis company that recently expanded again with its purchase this past February of Hope Heal Health, giving it access to the market in Massachusetts. The company also expanded this year in Ohio, where it now operates five dispensaries, the maximum the state allows. Cresco also expanded its cultivation and manufacturing plant in Brookville, Pa., to 88,000 square feet.
The company has a portfolio of products that it sells wholesale and in its dispensaries, with segments including flower, live concentrates, and liquid live resin, such as pre-rolls, gummies, and CBD oil.
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Better Marijuana Stock: Cresco Labs vs. Village Farms International