Cannabis & Hemp Stocks Investment Tools – Schedule Demo Now!

Cresco Labs Announces Record Revenues

Cresco Labs Announces Record RevenuesLike most marijuana stocks, Cresco Labs (CRLBF) stock has taken quite the beating this year. However, this massive United States-based multi-state cannabis operator just released its Q1 financial results with plenty of good news. Cresco announced record revenues of 66.4 million during Q1 2020 – a 60 % growth over Q4 2019. Is now the time to invest in Cresco Labs stock?

Cresco Labs: Strong Growth

Cresco Labs Announces Record Revenues

Cresco Labs has grown substantially over the past year. On May 27th, Cresco Labs announced the opening of its sixth Illinois Sunnyside dispensary in Danville. The company now owns a total of six dispensaries in the state: Buffalo Grove, Rockford, Champaign, Elmwood Park, Wrigley Ville Chicago – and now, the one in Danville as well. This was apart of the largest cultivation expansion in company history – having added 6x the cultivation space in Illinois and 4x space in Pennsylvania. However, that is not all the progress that the company has made. In addition to the expansion, Cresco also announced a 144% YoY same-store sales increase over Q1 2019 – showing strong customer growth and retention. As one of the strongest cannabis product brand names in North America, Cresco Labs has made some exciting progress this past year.

Will 2020 be the year for Cresco Labs?

It is still too early to speculate how well this year will treat Cresco Labs. Still, there is reason to be optimistic about subsequent earnings reports for this vertically integrated cannabis titan, with a massive reach across North America. Unfortunately, this does not offer much insight into investing decisions for Cresco Labs stock because the end of the COVID-19 pandemic is nowhere near in sight. However, if the company continues to make positive calculated choices like investing $105 million in operations when it hit a slump, it is fair to predict a bright outlook for 2020.

Cresco Labs Announces Record Revenues

About Cannin: Your Marijuana Investment Experts

About Cannin: Your Marijuana Investment ExpertsCannin is your trusted resource for information about marijuana and hemp stock investment opportunities. Our global team of experts evaluates all emerging marijuana and hemp stock investing opportunities. We aggregate hundreds of hours of research and provide tips on the best marijuana and hemp stock investments for 2020. We provide the latest marijuana investment and hemp investment news and analysis. 

Use Cannin as your resource for breaking cannabis and hemp investing news, featured cannabis and hemp company analysis, comprehensive cannabis and hemp stock reports, or get your free trial now and use our Smart Stock Algorithm to take the guesswork out of profiting from the cannabis industry. Is it too late to invest in marijuana or hemp stocks? No! This is the perfect time to invest.

Market analysts expect the marijuana and hemp industry will have an annual value exceeding $75 Billion in the next decade. The time to invest in marijuana and hemp stocks is now. Are you looking to buy stock in hemp companies or marijuana companies for 2020? Interested in emerging penny hemp stock companies? Looking for the best Canadian marijuana stocks to invest in? We can help.

Predict price movements of marijuana and hemp stocks several hours in advance with our proprietary algorithmic stock trading software.

Profit from the best marijuana stocks – we’ll show you how at