Cresco Labs (OTCMKTS:CRLBF) has published its first annual Social Equity and Education Development (SEED) initiative report.
Cresco Labs publish a SEED initiative report
The report highlights the cannabis operator’s achievements in helping create an inclusive ad diverse cannabis industry through SEED’s community business incubators, restorative justice initiatives, and workforce and education development programs.
Charlie Bachtell, the company’s co-founder, and CEO stated that they are delighted to have launched the first SEED initiative in the industry. He lauded the massive strides the program has made towards equitable inclusion of Brown and Black people in the cannabis sector. The company in 2019/2020 year invested almost $15 million and contributed around 2,200 staff hours to 40 multi-layered SEED initiatives through the SEED initiative. Equally, Cresco Labs sponsored and financed 22 restorative justice events and more than 1,200 people seeking records expungement. The company also established 8 workforce and community development initiatives and helped develop cannabis industry curriculum initiatives in 5 colleges and universities.
Cresco extends distribution agreement with Continuum
Recently, the company extended its distribution agreement with the Californian brand Kings Gardens Inc. According to the agreement, Cresco Lab’s subsidiary, Continuum, will continue serving as the exclusive Kings Garden packaged products distributor. Continuum is among the largest full-service distributors in California.
Cresco Labs’ West regional President, David Gacom, said that California is one of the company’s core markets which is the main contributor to its revenue. He said that Kings Garden complements its strong portfolio in the state and will allow Cresco labs to open new doors and enhance its current accounts in California.
Cresco opens its tenth dispensary in Illinois
The company has continued to grow its presence in Illinois after opening its tenth dispensary in the state’s largest city of Naperville. The Sunnyside dispensary is in the western suburb of Chicago at 2740 W. 75th St, one of Naperville’s busiest streets. Bachtell said that the company’s retail platform is outperforming because it focuses on finding premium locations for their stores.
Global Hemp Group Inc (OTCMKTS:GBHPF) Inks A Pact To Takeover Western Sierra Resource Corp (OTCMKTS:WSRC): Becomes A Member Of USHBA
Post Views: 48 Global Hemp Group Inc (OTCMKTS:GBHPF) signed a deal with Prescient Strategies Group LLC to take over all...
Global Cannabis Applications Corp (OTCMKTS:FUAPF) Enters A Pact With CBD Agrocasa To Apply Efixii QR Codes On CBD Oil Tinctures
Post Views: 46 Global Cannabis Applications Corp (OTCMKTS:FUAPF) signs an MOU (Memorandum of Understanding) with CBD Agrocasa. As per the...
Heritage Cannabis Holdings Corp (OTCMKTS:HERTF) Ships Derivative Products Under RAD Brand To AGLC And BCLDB For Sale In The Provinces Through Authorized Channels
Post Views: 46 Heritage Cannabis Holdings Corp (OTCMKTS:HERTF) commenced shipping RAD Vapes, RAD Crumble, feelgood topical, RAD CBD Isolate, and...
Tilray Inc (NASDAQ:TLRY) Posts Revenues Of $56.6 Million In Q4 2020: Lowers Annualized Costs By $57 Million YoY
Post Views: 176 Tilray Inc (NASDAQ:TLRY) posts solid growth by strengthening its business in 2020 despite the COVID-19 pandemic. The...
Nutritional High International Inc (OTCMKTS:SPLIF) Posts Drop Of 47.88% In Revenues In 2020
Post Views: 183 Nutritional High International Inc (OTCMKTS:SPLIF) realized cost savings by restructuring its obligations and eliminating unprofitable operations. These...
OrganiGram Holdings Inc (NASDAQ:OGI) Reports A Drop Of 11% In Revenues In Q1 2021: Appoints Marni Wieshofer To The Board Of Directors
Post Views: 161 OrganiGram Holdings Inc (NASDAQ:OGI) posted a decline of 11% in revenues to $25.28 million in Q1 2021....