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OTCMKTS:CRLBF

Cresco Labs (CRLBF) Stock Forecast, Price & News

$2.09
-0.01 (-0.48%)
(As of 09/22/2023 08:53 PM ET)
Compare
Today's Range
$1.96
$2.14
50-Day Range
$1.02
$2.68
52-Week Range
$1.00
$4.20
Volume
303,800 shs
Average Volume
699,712 shs
Market Capitalization
$722.35 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$16.05

Cresco Labs MarketRank™ Forecast

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
667.9% Upside
$16.05 Price Target
Short Interest
Healthy
0.42% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.06mentions of Cresco Labs in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.21) to ($0.09) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.78 out of 5 stars


CRLBF stock logo

About Cresco Labs (OTCMKTS:CRLBF) Stock

Cresco Labs Inc., together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis products in the United States. It provides cannabis in flowers, vape pens, live resins, disposable pens, and extracts under the Cresco brand; vape carts, vape pens, flower, popcorn, shake, pre-rolls, shorties, and concentrates under the High Supply brand; vapes and gummies under the Good News brand; vapes and edibles under the Wonder Wellness Co. brand; and tinctures, capsules, salves, and sublingual oils under the Remedi brand. The company also offers cannabis flowers under the FloraCal brand; and chocolate and toffee confections and fruit-forward gummies under the Mindy's Edibles brand, as well as licenses the Kiva brand, which produces cannabis infused edibles, including chocolate confections, gummies, mints, and tarts. In addition, the company offers cannabis-infused edibles under the Sunnyside brand. Cresco Labs Inc. was incorporated in 1990 and is headquartered in Chicago, Illinois.

CRLBF Price History

CRLBF Stock News Headlines

Top Wellness Nasdaq Stock for 2023
Cutting-Edge Ai-Based Technology Is Set to Disrupt the Womens Wellness Space
Top Wellness Nasdaq Stock for 2023
Cutting-Edge Ai-Based Technology Is Set to Disrupt the Womens Wellness Space
Cresco Labs reports Q2 results
Cresco Labs Reports Second Quarter 2023 Results
Earnings Outlook For Cresco Labs
Cresco Labs Opens Its 69th Cannabis Dispensary
See More Headlines
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CRLBF Company Calendar

Last Earnings
8/16/2023
Today
9/25/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Medicinals & botanicals
Sub-Industry
N/A
Sector
Medical
Current Symbol
OTCMKTS:CRLBF
Fax
N/A
Employees
3,200
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$16.05
High Stock Price Forecast
$34.00
Low Stock Price Forecast
$2.50
Forecasted Upside/Downside
+667.9%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
8 Analysts

Profitability

Net Income
$-212,050,000.00
Pretax Margin
-22.68%

Debt

Sales & Book Value

Annual Sales
$842.68 million
Book Value
$1.70 per share

Miscellaneous

Free Float
N/A
Market Cap
$722.35 million
Optionable
Not Optionable
Beta
2.52
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Key Executives

  • Mr. Thomas J. Manning (Age 67)
    Exec. Chairman
    Comp: $800.05k
  • Mr. Charles Bachtell (Age 44)
    Co-Founder, CEO & Director
    Comp: $999.85k
  • Mr. Robert M. Sampson (Age 48)
    Co-Founder & Independent Director
  • Mr. Dennis M. Olis (Age 60)
    Chief Financial Officer
    Comp: $622.85k
  • Mr. Ty Gent (Age 64)
    Chief Operating Officer
  • Ms. Brenna Albert CPA
    Sr. VP and Controller of Accounting, Treasury & Tax
  • Mr. Zach Marburger (Age 38)
    Chief Information Officer
  • Jake Graves
    Mang. of Investor Relations
  • Mr. John Schetz (Age 45)
    Gen. Counsel
  • Mr. Jason Erkes (Age 52)
    Chief Communications Officer













CRLBF Stock - Frequently Asked Questions

Should I buy or sell Cresco Labs stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cresco Labs in the last year. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CRLBF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CRLBF, but not buy additional shares or sell existing shares.
View CRLBF analyst ratings
or view top-rated stocks.

What is Cresco Labs' stock price forecast for 2023?

8 equities research analysts have issued 1-year price targets for Cresco Labs' shares. Their CRLBF share price forecasts range from $2.50 to $34.00. On average, they anticipate the company's stock price to reach $16.05 in the next year. This suggests a possible upside of 667.9% from the stock's current price.
View analysts price targets for CRLBF
or view top-rated stocks among Wall Street analysts.

How have CRLBF shares performed in 2023?

Cresco Labs' stock was trading at $1.80 on January 1st, 2023. Since then, CRLBF shares have increased by 16.1% and is now trading at $2.09.
View the best growth stocks for 2023 here
.

Are investors shorting Cresco Labs?

Cresco Labs saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,447,200 shares, an increase of 15.4% from the August 15th total of 1,254,400 shares. Based on an average daily trading volume, of 1,565,500 shares, the days-to-cover ratio is presently 0.9 days.
View Cresco Labs' Short Interest
.

How were Cresco Labs' earnings last quarter?

Cresco Labs Inc. (OTCMKTS:CRLBF) announced its quarterly earnings data on Wednesday, August, 16th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by $0.02. The business earned $197.89 million during the quarter, compared to the consensus estimate of $194.60 million. Cresco Labs had a negative trailing twelve-month return on equity of 9.52% and a negative net margin of 29.14%.

What is Cresco Labs' stock symbol?

Cresco Labs trades on the OTCMKTS under the ticker symbol "CRLBF."

How do I buy shares of Cresco Labs?

Shares of CRLBF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Cresco Labs' stock price today?

One share of CRLBF stock can currently be purchased for approximately $2.09.

How much money does Cresco Labs make?

Cresco Labs (OTCMKTS:CRLBF) has a market capitalization of $722.35 million and generates $842.68 million in revenue each year. The company earns $-212,050,000.00 in net income (profit) each year or ($0.78) on an earnings per share basis.

How many employees does Cresco Labs have?

The company employs 3,200 workers across the globe.

How can I contact Cresco Labs?

Cresco Labs' mailing address is 400 West Erie Street, Chicago, IL 60654. The official website for the company is www.crescolabs.com. The company can be reached via phone at 312-929-0993 or via email at investors@crescolabs.com.

This page (OTCMKTS:CRLBF) was last updated on 9/25/2023 by MarketBeat.com Staff

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