Cresco Labs to become largest cannabis company in US with purchase of rival

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Chicago-based Cresco Labs is announcing plans to buy a rival, and become the largest cannabis company in the country.

"This acquisition brings together two of the leading operators in the industry, pairing a leading footprint with proven operational, brand and competitive excellence," Charles Bachtell, CEO of Cresco Labs, said in a statement."The combination is highly complementary and provides unmatched scale, depth, diversification and long-term growth."

The acquisition, which is expected to close by December, will create the largest cannabis company by revenue and the number one wholesaler of branded cannabis products, Cresco said.

 

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Largest doesn't mean best, most people want quality, regardless of the business your in, so buy other company's is great, but can you Consistently Balance Quality product is the question.

Good!. Get the industry going again

Yah sure… we haven’t seen this go badly before. 🙄

monopoly

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