Cresco Labs

About

Cresco Labs is a vertically-integrated multi-state cannabis operator inciting the progressive evolution of the medical cannabis industry.

Chicago,Illinois,United States
501 - 1000
http://www.crescolabs.com

Highlights

Details

Last Funding Type: Funding Round
Industries: Cannabis,Health Care,Medical,Pharmaceutical
Founded date: Jan 1, 2013
Number Of Employee: 501 - 1000
Operating Status: Active
Stock Symbol: cnsx:CL
Legal Name: Cresco Labs, LLC

Cresco Labs is a vertically-integrated multi-state cannabis operator inciting the progressive evolution of the medical cannabis industry. It grows, manufactures, and distributes cannabis using a consumer-packaged-goods (CPG) approach. The company is on a mission to normalize, professionalize, and revolutionize cannabis.

It was founded in 2013 and is headquartered in Chicago, Illinois.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

9

$554M $73.50M

Cresco Labs has raised a total of $554M $73.50M in funding over 2 rounds. Their latest funding was raised on Jan 15, 2021 from a Post-IPO Equity round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Jan 15, 2021	Post-IPO Equity	$125M	—	—	—	Detail
Feb 3, 2020	Post-IPO Debt	$100M	—	—	—	Detail
Nov 26, 2019	Post-IPO Equity	$38M	—	—	—	Detail
Oct 8, 2019	Funding Round	—	1	—	—	Detail
Sep 27, 2019	Post-IPO Equity	$73.50M	—	—	—	Detail

Investments

Number of Investments

Number of Lead Investments

1

0

Cresco Labs has made 1 investments. Their most recent investment was on Nov 6, 2019, when Digits raised $10.50M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Nov 6, 2019 Digits	Series A	$10.50M	Artificial Intelligence	—

Investors

Number of Lead Investors

Number of Investors

—

1

Cresco Labs is funded by 1 investors. Merida Capital Holdings are the most recent investors.

Investor Name	Lead Investor	Funding Round
Merida Capital Holdings	—	Funding Round

Employee Profiles

Number of Employee Profiles

12

Cresco Labs has 12 current employee profiles, including Executive Joe Caltabiano

Executive

Executive

Executive

Employee

Executive

Acquisition

Cresco Labs has acquired 7 organizations. Their most recent acquisition was VidaCann on Mar 18, 2019. They acquired VidaCann for $120M.

Date Company Name	Industry	Acquisition Type	Price
Mar 18, 2019 VidaCann	Cannabis	acquisition	$ 120M	Detail
Apr 1, 2019 Origin House	Business Development	acquisition	$ 850M	Detail
Jan 14, 2021 Bluma Wellness	Alternative Medicine	acquisition	$ 213M	Detail
Mar 18, 2021 Cultivate	Alternative Medicine	acquisition	$ 90M	Detail
Aug 17, 2021 Blair Wellness	Alternative Medicine	acquisition	—	Detail