Cresco Labs Reaches Utah; Expands In Nevada, Arizona

Vertically integrated cannabis company Cresco Labs Inc. (CSE: CL) (OTC: CRLBF) reported Monday it has signed a purchase agreement to buy certain assets from cannabis company Tryke Companies.  

 

With this agreement Cresco Labs will expand its presence acquiring six prime Reef Dispensary locations in Nevada and Arizona, licensed cultivation and process capacity in Phoenix and Las Vegas, and it will enter the Utah market, the company said.

 

Entering the Utah market will mark the company’s access to a 12th state, and the transaction will also make the company one of the top 3 cannabis operators in Nevada, and it will …

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