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Stock impact report

Better Marijuana Stock: Cresco Labs vs. Green Thumb Industries [The Motley Fool]

Aurora Cannabis Inc. - Common Shares (ACB) 
Company Research Source: The Motley Fool
Anyone following marijuana stocks Cresco Labs ( OTC:CRLBF Green Thumb Industries OTC:GTBIF Image source: Getty Images. The case for Cresco Labs Cresco Labs currently operates in six states. It has production facilities and runs 9 retail cannabis stores. But those numbers will soon increase significantly. The company is expanding into Massachusetts, Michigan, and New York. It already owns retail cannabis licenses, with the pending acquisition of Tryke boosting the count to plus adding two production facilities. Cresco also awaits the closing of its acquisition of Origin House It's not that Cresco absolutely needs acquisitions to fuel growth, though. The company posted sales of $. million in the third quarter, a year-over-year jump of 8% and a quarter-over-quarter increase of %. Cresco's growth opportunities continue to look very good, especially with the legal recreational marijuana market opening in the company's home state of Illinois in less than a month. There's a decent argumen Show less Read more
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