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Cresco Labs Inc (CL)

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5.26 +0.22    +4.37%
20/05 - Closed. Currency in CAD ( Disclaimer )
Type:  Equity
Market:  Canada
ISIN:  CA22587M1068 
S/N:  22587M106
  • Volume: 184,430
  • Bid/Ask: 5.25 / 5.30
  • Day's Range: 4.98 - 5.38
Cresco Labs 5.26 +0.22 +4.37%

For the three months ended 31 March 2022, Cresco Labs Inc revenues increased 20% to $214.4M. Net loss decreased 7% to $27.4M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects FV/Uls Adjust on Derivatives for Hedging increase from $7.6M (expense) to $375K (income), Loss on derivative instruments decrease of 49% to $5.7M (expense).

AnnualQuarterly  
InvestingPro Advanced Financial Summary
TTM = Trailing Twelve Months
MRQ = Most Recent Quarter

CL Income Statement

Gross margin TTM 49.75%
Operating margin TTM -26.97%
Net Profit margin TTM -34.56%
Return on Investment TTM -24.2%
 Total Revenue  Net Income
Period Ending: Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021
Total Revenue 214.39 217.79 215.48 209.97
Gross Profit 107.37 110.02 108.32 100.98
Operating Income 20.27 15.56 -282 14.87
Net Income -27.38 -14.73 -270.64 -4.83

CL Balance Sheet

Quick Ratio MRQ 0.73
Current Ratio MRQ 1.21
LT Debt to Equity MRQ 81.22%
Total Debt to Equity MRQ 88.15%
 Total Assets  Total Liabilities
Period Ending: Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021
Total Assets 1784.94 1780.46 1569.94 1595.41
Total Liabilities 1058.32 1024.91 899.56 712.63
Total Equity 726.61 755.55 670.38 882.78

CL Cash Flow Statement

Cash Flow/Share TTM -1.16
Revenue/Share TTM 3.99
Operating Cash Flow  -1.03%
 Cash  Net Change in Cash
Period Ending: Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021
Period Length: 3 Months 12 Months 9 Months 6 Months
Cash From Operating Activities -3.42 14.49 -23.17 -30.24
Cash From Investing Activities -34.22 -163.93 -99.83 -56.38
Cash From Financing Activities -6.37 235 237.38 81.52
Net Change in Cash -44.18 85.33 114.02 -5.54
* In Millions of USD (except for per share items)
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CL Comments

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Hyborian War
HyborianWar May 17, 2022 11:49AM ET
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buy and hodl this 💩 as well ... how millionaires are made with patience in my roth see ya in 2024.. accumulate LT .. I am the biggest baggie of them all. will backup the ship under $3
Guven Buyukpolat
Guven Buyukpolat May 13, 2022 12:22PM ET
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in my portfolio only long term is cresco avg is $6.50 when I make profit I buy more this one (I would only sell if goes up 50 percent 1 day)
Phat Matt
PhatMatt May 03, 2022 2:18PM ET
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woah...sinking ship. Never thought this would see sub $5. Anybody still in this? I lost money when I jumped out at $7.50. I guess it could have been worse. Good luck!
Hyborian War
HyborianWar May 03, 2022 2:18PM ET
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been hodl mode for some time.. not selling anytime soon looks like. I'll bag more in the 3s
Phat Matt
PhatMatt May 03, 2022 2:18PM ET
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Yep, $3s are coming today.
Hyborian War
HyborianWar May 03, 2022 2:18PM ET
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Phat Matt load and hodl broski
Hyborian War
HyborianWar Mar 23, 2022 10:44AM ET
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Cresco to aquire Columbia Care 4qt 2022 creating the largest MJ company on the planet .. est over $3B 🤑🤑🤑
Hyborian War
HyborianWar Mar 22, 2022 7:33PM ET
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might see a monster move tomorrow.. thanks to TLRY .. either way this stock should be LOADED 🚀🚀🚀
Can Saglam
Can Saglam Mar 22, 2022 7:33PM ET
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hi my friend , good days are coming ,,,,,,
Hyborian War
HyborianWar Mar 18, 2022 5:02PM ET
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https://westfaironline.com/146185/marijuana-facility-receives-approval/
Hyborian War
HyborianWar Mar 18, 2022 5:01PM ET
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1647637268_51422.jpg
lets do this cresco
Hyborian War
HyborianWar Mar 18, 2022 3:35PM ET
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dma50 6.5x let's go 🚀🚀🚀
Glenn Herwig
Glenn Herwig Mar 17, 2022 7:57PM ET
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Loaded the boat! 🤙🏻
Hyborian War
HyborianWar Mar 17, 2022 7:57PM ET
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Woooooooo 🍻🍻 sip sip
Hyborian War
HyborianWar Mar 17, 2022 7:57PM ET
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I hope u don't sell son 🤠
Hyborian War
HyborianWar Feb 28, 2022 6:00PM ET
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1646089236_24950.jpg
broke dma50 again and looking to turn it into support lets go $8 .. nice move today EOD lets see what tomorrow brings
Yamilko Fregio
Yamilko Fregio Feb 28, 2022 6:00PM ET
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looking at it now today it looks like it will hit 5.75 again and let's see what it does from there if it moves south of there load up this is not your quintessential 1$ OTC stock
Hyborian War
HyborianWar Feb 28, 2022 6:00PM ET
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agreed 100%
 
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