Chicago-based Cresco Labs (CSE:CL) (OTC:CRLBF), a cannabis grower and retailer in seven states, announced on February 20 the opening of the Hope Heal Health Dispensary (HHH) in Fall River, Bristol County, Massachusetts. The dispensary is located at 1 West Street in Fall River, MA.
This news comes as Cresco Labs’ stock has been on a tear, rising 38% in one month, and 105% on 6 months.
The dispensary opened with medical-focused cannabis edibles, tinctures, topicals, concentrates, vape cartridges, and flower from three Massachusetts cultivators.
Patients can buy up to 10 ounces every two months after being certified by a physician for any one of the Massachusetts state-approved debilitating medical conditions.
Cresco has also applied for recreational licensing for this dispensary. It expects its first harvest from its Fall River facility near the end of the first quarter 2019. HHH is already licensed for medical cannabis cultivation, manufacturing, processing and to operate a medical cannabis dispensary. It can obtain up to two more medical cannabis dispensary licenses and three adult-use dispensary licenses.
Cresco Labs merged with HHH at the end of 2018. The merger is pending state approval.
“…We are pleased to offer comfort to 60,000 certified patients in Massachusetts,” said Charles Bachtell, CEO of Cresco Labs.
Cresco Labs focuses on regulated markets with high demand and high barriers to entry. It has brands tailored to four consumer segments: everyday cannabis, medicinally focused, connoisseur grade, and cannabis edibles inspired by pastry chef Mindy Segal.
For more information about the new dispensary call 774-377-9333.
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Source: Cresco Press release