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CRLBF - Cresco Labs: Pending Acquisitions Catalyst In 2020
Cresco Labs Inc
Welcome to our Cannabis Earnings series where we break down the latest earnings to help you focus on the most important topics.
Introduction
Cresco Labs (OTCQX:CRLBF) is busy transforming its businesses through a slew of acquisitions. The company announced a number of deals throughout 2019, but things didn't go as planned for all of them. After originally announcing a deal to buy VidaCann in Florida in March, the company terminated the deal in November amid a shortage of capital. After MedMen terminated its PharmaCann transaction, we think more cannabis companies will re-evaluate their