Cresco Labs Touts Uptick In Revenue And Cash Flow In Latest Earnings Report

Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBFreleased its third-quarter results with record revenue of $153 million.

That's a 63% jump from the previous quarter.

This marks the Chicago-based company’s third quarter in a row with more than 40% of revenue growth.

Cresco Labs also achieved a record positive adjusted EBITDA of $46.4 million — 182% higher than the second quarter. The company, which claims to be the biggest wholesaler of branded products in the cannabis industry, credited the EBITDA gain to higher revenue and operational gross profit, as well as firm selling, general …

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