Cresco stock is trading in the red on Thursday. Leading multi-state cannabis cultivator and producer Cresco Labs (CSE:CL) (OTCQX:CRLBF) reported its earnings for Q1 2019 and the company’s investors might not have been particularly happy about the numbers that were reported.
Revenue Grows 24% Quarter Over QuarterThe Chicago-based company, which is among the biggest vertically integrated multi-state cannabis company in the world, reported revenues that fell short of analysts’ expectations. Cresco Labs recorded revenue of $21.1 million. However, analysts were estimating the company to report $22.8 million, according to Refinitv.
Although the revenue ...
Read The Full Article On PotStockNews.com
Get the latest marijuana stock news, cannabis on stock news on PotStockNews
All content provided by Pot Stock News is subject to our Terms Of Use and Disclaimer.