Cresco Labs reports elevated marijuana income, net quarter loss

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Cresco Labs, a multistate cannabis business primarily based in Chicago, on Wednesday reported income of $29.9 million for the second quarter, up 253% from the exact same period a year ago.

Net loss for the quarter, ending June 30, was $three.9 million, compared with net revenue of $1.six million for the prior-year period.

Cresco trades on the Canadian Stock Exchange beneath the ticker symbol CL.

Extra facts about the quarterly final results can be discovered right here.

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