Cresco Labs

What Cresco Labs does

Cresco Labs Inc. (CRLBF) is a vertically integrated multi-state cannabis operator headquartered in Chicago, Illinois, founded in 2013 and publicly listed on the Canadian Securities Exchange. The company controls the production chain from genetic selection through retail point-of-sale, operating 13 production facilities across 8 states and 74 Sunnyside retail dispensaries across 6 states (Florida, Illinois, Massachusetts, New York, Ohio, Pennsylvania). It sells a House of Brands portfolio of cannabis products covering flower, vapes, concentrates, edibles, tinctures, capsules, and topicals under eight consumer brands (Cresco, High Supply, FloraCal Farms, Good News, Wonder Wellness Co., Mindy's, Remedi, Sunnyside), supported by patented processing techniques, PhD-led cultivation teams, and standardized operating procedures designed to ensure consistent product quality at scale.

The company generates revenue through two channels: wholesale distribution of branded cannabis products to thousands of third-party dispensaries nationwide, and direct-to-consumer retail through owned Sunnyside dispensaries. Customer segments span medical cannabis patients seeking treatment for conditions such as pain, anxiety, and insomnia, and adult-use recreational consumers in legal states. Cresco Labs expanded internationally in November 2025 with branded flower launches in Germany via partnership with Blossom, and registered U.S. medical cannabis facilities with the DEA following federal rescheduling to Schedule III in May 2026. FY2025 revenue was $656 million against a $140 million net loss, with Q4 2025 generating $162 million in revenue and a 25.0% Adjusted EBITDA margin.

Go-to-market combines direct-to-consumer retail with enterprise field sales targeting new state market entry, complemented by content marketing, in-store wellness advisors, and the SEED social equity initiative. Capital structure includes a $325 million senior secured credit facility maturing 2030, a $50 million Needham Bank revolving facility, and an undrawn $100 million at-the-market equity program with Haywood Securities.

Name

Cresco Labs

Legal name

Cresco Labs Inc.

Website

https://crescolabs.com

Company type

Public

Founded year

2013

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Cresco Labs is a vertically integrated multi-state cannabis operator producing a portfolio of branded cannabis products (Cresco, High Supply, FloraCal, Good News, Wonder, Mindy's, Remedi) sold wholesale and through 74 Sunnyside retail dispensaries across 6 U.S. states, plus recent entry into Germany.

Ownership category

akta.pro rank

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices14 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Supply Chain, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Wholesale Cannabis Product Sales: Cresco Labs produces and sells branded cannabis products including flower, vapes, concentrates, edibles, and pre-rolls through wholesale distribution to thousands of dispensaries across the country. Products are sold under brand portfolio including Cresco, High Supply, FloraCal, Good News, Wonder, Mindy's, and Remedi.
2. Retail Dispensary Operations: The company operates Sunnyside dispensaries nationwide, selling cannabis products directly to consumers. With 74 Sunnyside dispensaries across 6 states, retail operations provide direct customer engagement and consumer insights while capturing full margin on retail sales.
3. International Product Sales: Cresco Labs generates revenue through international expansion, including branded flower sales in Germany via partnership with Blossom, representing first entry into the European Union market.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels7 records

Core offering

Cresco Labs is a vertically integrated multi-state cannabis operator that cultivates, manufactures, and distributes branded cannabis products (flower, vapes, concentrates, edibles, tinctures, capsules, and pre-rolls) across an eight-brand House of Brands portfolio. The company sells these products both wholesale to thousands of dispensaries nationwide and directly to consumers through 74 owned Sunnyside retail dispensaries across six U.S. states.

Product overview

Cresco Labs operates a vertically integrated multi-state cannabis company organized around two main pillars: a House of Brands (8 distinct consumer-facing cannabis product brands) and a national retail footprint under the Sunnyside brand. The branded products include Cresco (core flower/concentrates), High Supply (value flower/vapes), FloraCal Farms (premium West Coast small-batch), Good News (social/recreational gummies and vapes), Wonder Wellness Co. (low-dose wellness gummies/mints), Mindys (premium edibles from Chef Mindy Segal), and Remedi (wellness tinctures/capsules/RSO). These brands are sold both wholesale to thousands of dispensaries nationwide and through Cresco Labs' own 74 Sunnyside retail dispensaries across 6 states, supported by 13 production facilities in 8 operational states.

Differentiator

Problem solved

Functional benefit

Brands

• Sunnyside: Retail dispensary brand - judgement-free cannabis shopping experience offering wide array of high quality cannabis products; national retail footprint of 74 dispensaries in 6 states
• Cresco
• High Supply
• FloraCal Farms
• Good News
• Wonder Wellness Co.
• Mindy's
• Remedi

Products and services

• Sunnyside Cresco Labs' national retail dispensary brand operating 74 Sunnyside dispensaries across Florida, Illinois, Massachusetts, New York, Ohio, and Pennsylvania. Sunnyside offers a broad assortment of cannabis products curated for different needs, price points, and forms, supported by knowledgeable wellness advisors and an e-commerce platform integrated with the Sunnyside Rewards loyalty program.
• Cresco Cresco delivers consistent quality, experience, and availability of flower, vapes, concentrates, and pre-rolls, offering reliably excellent cannabis that consumers can depend on finding. The brand is part of the Cresco Labs House of Brands and is distributed both wholesale and through Sunnyside retail dispensaries.
• High Supply High Supply offers quality cannabis products that are always available, including vape carts, vape pens, flower, popcorn, shake, pre-rolls, and concentrates. Buds are expertly grown and lab-tested.
• FloraCal Farms Born on the West Coast, FloraCal Farms is committed to rigorous pheno-hunting and small-batch cultivation practices. Flower is always hand-trimmed and expertly cared for, with offerings including flower, vapes, gummies, and pre-rolls.
• Good News Good News was created for great moments with friends. Each Good News gummy, rechargeable vape pen, and cart is led by the occasion, offering products designed for social experiences.
• Wonder Wellness Co. Wonder Wellness Co. makes the world of cannabis simple to understand and easy to experience for everyone. The brand's low-dose formulations offered in gummies and mints allow people to control their high for micro-dosing or easing into their cannabis experience.
• Mindy's James Beard Award-winning Chef Mindy Segal partnered with Cresco Labs to create world-class tasting gummy and chocolate edibles, perfectly dosed for consistent experiences with unbeatable quality.
• Remedi Remedi offers wellness-minded cannabis delivered in easy forms and precise doses. Available as tinctures, capsules, and RSO (Rick Simpson Oil) in Relief and Rest benefit formulations.

Quantifiable outcome

• Q4 2025 revenue of $162 million with 25.0% Adjusted EBITDA margin and $27 million in operating cash flow
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• BloomcoreStrategic or Co-development Partner · 31 March 2026Bloom is expanding its partnership with Cresco Labs to enter Pennsylvania's medical cannabis market with its vape products. This marks Bloom's second market launch with Cresco Labs, aiming to meet the demand for high-performance, consistent medical cannabis vaping devices in Pennsylvania.
• BlossomcoreStrategic or Co-development Partner · 12 November 2025Cresco Labs announced the launch of Cresco-branded flower in Germany, its first entry into the EU market, through a partnership with Blossom. The launch aims to establish a foundation for future international expansion and integration into Germany's regulated cannabis market.
• Temple UniversityminorStrategic or Co-development PartnerResearch partnership with Temple University to unlock the potential healing power of cannabis, contributing to scientific advancement and product development.

Scale indicators10 records

Recent moves10 records

Expansion highlights7 records

Direct peers

• Ayr Wellness: Vertically-integrated multi-state cannabis operator with cultivation, manufacturing, and retail operations across the Northeast, Midwest, and Florida. Directly comparable vertically integrated model and brand portfolio approach.
• The Cannabist Company (formerly Columbia Care): Vertically-integrated multi-state cannabis operator with cultivation, manufacturing, and retail dispensaries across medical and adult-use markets. Competes in similar state markets and operates an analogous brand-and-retail dual model.
• Trulieve Cannabis: Vertically-integrated cannabis MSO with a strong Florida retail presence and wholesale brands. Highly comparable operating model and footprint overlap with Cresco, particularly in the Southeast.
• Curaleaf Holdings: Largest US multi-state cannabis operator by retail footprint, with vertically integrated cultivation, processing, and dispensary operations across medical and adult-use markets. Competes head-to-head with Cresco in Florida, Pennsylvania, Massachusetts, and New York.
• Green Thumb Industries: Vertically-integrated multi-state cannabis operator with a similar brand portfolio, wholesale-to-thousands-of-dispensaries model, and direct retail footprint. Like Cresco, GTI was named in the same federal class-action lawsuit and operates in overlapping states.
• Verano Holdings: Multi-state cannabis operator running a House of Brands strategy (MUV, etc.) with retail dispensaries and wholesale distribution. Named alongside Cresco and GTI in the federal class-action lawsuit; comparable business model.
• Ascend Wellness Holdings: Multi-state cannabis operator with cultivation, processing, and retail dispensaries focused on limited-license states. Comparable vertically integrated model with smaller scale.

Emerging players

• Schwazze: Multi-state cannabis operator pursuing vertical integration through retail and cultivation acquisitions in Colorado, New Mexico, and Michigan. Smaller scale but follows the same vertically integrated MSO playbook as Cresco.
• Jushi Holdings: Vertically-integrated multi-state cannabis operator with cultivation, processing, and retail operations in Pennsylvania, Virginia, Illinois, Massachusetts, and Nevada. Comparable vertically integrated model at smaller scale.
• Planet 13 Holdings: Multi-state cannabis operator with superstore retail locations and cultivation/processing capabilities, primarily in Nevada, Florida, and Illinois. Smaller scale but directly comparable business model.

Market position

Strengths5 records

Weaknesses6 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/crescolabs
• Facebookfacebook.com/crescolabsil
• LinkedInlinkedin.com/company/cresco-labs

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries13 records

Funding overview

Funding rounds8 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cresco Labs