CRESCO LABS INC. November 30, 2018 LISTING STATEMENT
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CCB 2021 0322.Pdf
INDEMAND JOBS: Here are the 10 hottest well-paying careers in Illinois. PAGE 12 CONVENTIONS: What Chicago must do to win them back. PAGE 3 CHICAGOBUSINESS.COM | MARCH 22, 2021 | $3.50 MANUFACTURING As the ‘engine Socially conscious investing gains currency as investors seek to improve sustainability of the economy’ and bene t the social good while still making money. PAGE 15 heats up again, tech advances are accelerating ahead of a lagging labor FACTORIES FORWARD force. PAGE 15 FACTORIES FORWARD FIND THE COMPLETE SERIES ONLINE ChicagoBusiness.com/CrainsForum ZAC OSGOOD ZAC How Chicago became Herd immunity: the Silicon Valley of pot Kayvan Khalatbari, a cannabis A moving target Early obstacles helped consultant from Denver who turn local marijuana advised Cresco on its original li- Threshold for stopping COVID is higher in some areas cense application. companies into giants In the six years since Illinois BY STEPHANIE GOLDBERG issued its rst licenses to grow MINDING THE GAP: Why so many health care workers are BY JOHN PLETZ and sell marijuana for medical As COVID-19 inoculations use, GTI, Cresco, Verano and accelerate, a weary public waits still unvaccinated. PAGE 3 Call Chicago the capital of Big privately held PharmaCann have anxiously for vaccines to reach 70 Weed. emerged as industry giants, win- BOEHM R. JOHN percent of the population, a level tration in areas that have been e city is home to three of the ning or acquiring licenses across Cresco CEO Charlie Bachtell widely associated with “herd im- hit harder during the pandemic. ve biggest public companies in the country as legalization took munity.” In other words, vaccinating any the United States that grow and o . -
Cresco Labs Announces Opening of Sixth Sunnyside in Illinois and First Cannabis Dispensary in Danville
CRESCO LABS ANNOUNCES OPENING OF SIXTH SUNNYSIDE IN ILLINOIS AND FIRST CANNABIS DISPENSARY IN DANVILLE Cresco Labs increases national retail footprint to 16 operating stores and widens Sunnyside’s reach in eastern Illinois Cresco Labs’ Sunnyside dispensary in Danville is the first adult-use only store in eastern Illinois CHICAGO – May 27, 2020 — Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or “the Company”), one of the largest vertically integrated multistate cannabis operators in the United States, announced today the opening of its sixth Illinois dispensary located at 369 Lynch Dr. in the city of Danville. As the first cannabis retail store to open in eastern Illinois, near the Indiana border, Sunnyside Danville is ideally positioned to introduce its portfolio of owned brands to the tens of thousands of people living in the region. “We’re excited to bring the Sunnyside retail experience and introduce our house of brands to people living in eastern Illinois. This is our sixth store in Illinois and with additional cultivation from our recent expansion coming online throughout Q3, we are set to generate significant operating leverage and demonstrate the value of going deep,” said Charlie Bachtell, Cresco Labs’ CEO and Co-founder. Cresco completely renovated the adult-use only Danville location to showcase the Sunnyside retail concept. Designed to offer an educational and welcoming shopping experience with bright light, natural wood tones and sunny accents, the store has 4,800 square feet of space with over 10 points of sale and products divided by form and function. Sunnyside Danville’s store hours are 10:00 AM to 9:00 PM daily, seven days a week starting May 27th. -
CRESCO LABS OHIO LLC Application ID 470
Ohio Medical Marijuana Dispensary Application CRESCO LABS OHIO LLC Application ID 470 Demographic Information(Business Contact) A-1.1 Business Name, as it appears on the Applicant’s certificate of incorporation, charter, bylaws, partnership agreement or other legal business formation documents Cresco Labs Ohio LLC A-1.2 Other trade names and DBA (doing business as) names No response provided by applicant A-1.3 Business Street Address 6545 Market Avenue North, STE 100 A-1.4 City North Canton A-1.5 State OH A-1.6 Zip Code 44721 A-1.7 Phone 6144408589 A-1.8 Email [email protected] Demographic Information(Primary Contact/Registered Agent) A-2.1 Please select: Primary Contact, or Registered Agent for this Application PRIMARY CONTACT A-2.2 First Name Christopher A-2.3 Middle Name Thomas A-2.4 Last Name Schrimpf A-2.5 Street Address 113 South Ardmore A-2.6 City Bexley A-2.7 State OH A-2.8 Zip Code 43209 A-2.9 Phone 6144408589 A-2.10 Email [email protected] Demographic Information(Applicant Organization and Tax Status) A-3.1 Select One Limited Liability Company A-3.1A If other, explain No response provided by applicant A-3.2 State of Incorporation or Registration OH A-3.3 Date of Formation 05/22/2017 A-3.4 Business Name on Formation Documents Cresco Labs Ohio, LLC A-3.5 Federal Employer ID number This response has been entirely redacted A-3.6 Ohio Unemployment Compensation Account Number No response provided by applicant A-3.7 Ohio Department of Taxation Number (if Applicant is currently doing business in Ohio) No response provided by applicant A-3.8 Ohio Workers’ Compensation Policy Number (if Applicant is currently doing business in Ohio) No response provided by applicant A-3.9 The Applicant attests that workers’ compensation insurance will be obtained by the time the State of Ohio Board of Pharmacy determines the Applicant to be operational under the Act and regulations. -
Q4 2019 Your Cannabis Investment Resource
THE CANNIN REPORT | Q4 Q4 2019 Your Cannabis investment resource. THE CANNIN REPORT | Q3 Risks Disclosures If you are considering investing in a company that is connected to the marijuana industry, be aware that marijuana-related companies may be at risk of federal, and perhaps state, criminal prosecution. The Department of Treasury recently issued guidance noting: “[T]he Controlled Substances Act (“CSA”) makes it illegal under federal law to manufacture, distribute, or dispense marijuana. Many states impose and enforce similar prohibitions. Notwithstanding the federal ban, as of the date of this guidance, 20 states and the District of Columbia have legalized the certain marijuana-related activity.” Fundamental Analysis Sections p. 11 | CuraLeaf Holdings Inc. p. 15 | Planet 13 Holdings Inc. p. 18 | MJardin Group p. 21 | Innovative Industrial Properties p. 25 | KushCo Holdings Inc. p. 29 | Harvest Health and Recreation Inc. p. 32 | Green Thumb Industries p. 37 | MedMen p. 41 | TILT Holdings p. 45 | Acreage Holdings p. 49 | Trulieve Cannabis Corp. p. 53 | Cresco Labs Inc. 9 THE CANNIN REPORT | Q3 Cresco Labs Inc. Fundamentals Profile: HQ: Chicago, IL, USA Founded: 1990 Facilities: Chicago, Joliet, Lincoln, Fall River, Salome, Las Vegas, San Luis Obispo, Mendota, others Symbol: CRLBF (OTC); CL (CSE) Focus: Strong As a top-quality cannabis producer, processor and retailer operating in seven US states, the company focuses on entering highly regulated markets with excessive demand potential and high barriers to entry. Cresco has elevated everyday cannabis through its THC-forward products available in flower, vape pens, and multiple forms of extracts. Cresco plans to leverage the success in Illinois, Pennsylvania, Ohio, Nevada, California, and Arizona to expand into legalized cannabis markets in other states, while focusing on compliance, control, efficiency, and product performance in the medicinal or adult-use cannabis industry. -
Fact Sheet Medical Cannabis & Housing
Medical Marijuana & Housing Fact Sheet Medical Cannabis & Housing Medical Cannabis in Maryland: Overview ● In 2013, the Maryland General Assembly enacted the state’s first legislation creating a framework for the medicinal use of cannabis. Chapter 403 of the Acts of MD 2013 ● A “qualifying patient” may possess up to a 30-day supply of medical cannabis without being subject to arrest, prosecution, or any civil or administrative penalty. The Natalie LaPrade Medical Cannabis Commission will determine what constitutes a 30-day supply. Health-General Article 13–3313(a). ● On June 26, 2015, the Commission published proposed regulations governing the growth, sale, distribution, possession and use of medical cannabis. Maryland Register, Vol. 42, Issue 13, pages 812-45 (June 26, 2015). The comment period closed July 27, 2015, and final regulations are anticipated soon. At this time, medical cannabis is not available for sale or use in Maryland. Federal Law Concerning Marijuana Under the federal Controlled Substances Act, marijuana is categorized as a Schedule 1 drug that has a high potential for abuse and no accepted medical use in treatment in the United States; therefore, use and possession are illegal. 21 U.S.C. §812 Schedule 1(c)(17) ● Despite federal law, as of April 2015, at least 23 states, along with the District of Columbia and Guam, have passed laws exempting qualified users of medical marijuana from penalties imposed under state law, and created state medical marijuana programs. See Colorado Medical Marijuana Code, C.R.S. 12-43.3- 101 et seq.; Hawai’i Uniform Controlled Substances Act, Haw. Rev. -
2021 Environmental, Social and Governance Report
2021 ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT PUBLISHED JUNE 7, 2021 2021 IIP ESG REPORT LETTER FROM OUR EXECUTIVE CHAIRMAN We are delighted to present to you Innovative Industrial Properties, Inc.’s (IIP) inaugural Environmental, Social and Governance Report. From its founding in December 2016, IIP has focused on supporting the high-growth, rapidly evolving regulated cannabis industry in the United States. We recognized an opportunity to apply our team’s extensive real estate experience to this new sector and help bring the benefits that our capital provides to as wide an audience as possible. At the same time, we recognized that our role extends beyond simply being an investor in real estate. As a team, we are also committed to sound environmental management, collaborative community engagement, and strong corporate governance principles, evolving and strengthening our actions in these areas as we grow as a company. Most importantly, we recognize that our operations, and those of our tenants, have the potential to transform thousands of lives in the communities where our properties are located. Many of these communities have experienced significant hardships, most notably losses in jobs and commerce due to industry disruption and migration to other geographies. However, together with our tenant partners, we have demonstrated the ability to bring back good jobs, economic activity and much needed benefits to the people of these communities, in addition to key tax revenues that drive reinvigoration of local services, schools and healthcare. We are excited to bring even more transparency to how we operate with this report. While we are in the early stages of reporting on our environmental, social and governance journey, we are committed to improving the disclosures we make year over year and exploring additional opportunities where we can make a positive, lasting, meaningful impact for all of our stakeholders: our stockholders, tenant partners, employees and communities. -
Medical Cannabis Comes in Many Forms Alternative Methods of Cannabinoid Delivery
OUR LOGO Hamsa A universal symbol of Peace, Hope, Protection, and Healing. Treasured by Muslims, Christians, Jews and others, both the Hebrew word “hamesh” and the Arabic word hamsa have the same source, meaning “five”, hence the hand representing - Peace, Hope Protection and Healing OUR MISSION… to provide you with the best patient experience possible, in a professional, warm, and comfortable environment, offering the highest quality and largest variety of medicinal grade marijuana and marijuana concentrates, as well as books and accessories, at great prices. TAKOMA WELLNESS CENTER HOURS OF OPERATIONS Monday – Friday 1:00 pm – 7:00 pm Saturday CLOSED Sunday 11:30 am – 5:00 pm 2001 IOM Quality Chasm Report CANNABIS Cannabinoids: 3 Varieties Endocannabinoids (Di Marzo 1998): natural endogenous compounds binding cannabinoid receptors (e.g., anandamide and 2-AG Arachidonoylglycerol) whose functions are: “relax, eat, sleep, forget and protect” in human beings Phytocannabinoids (Pate 1994): terpenophenolic 21-C plant compounds found in the genus Cannabis (e.g., THC, CBD) Synthetic Cannabinoids (e.g., ajulemic acid) that also affect cannabinoid receptors. Dronabinol (e.g. Marinol) Russo, E.B. 2008. Cannabinoids in management of difficult to control pain. Therapeutics & Clinical Risk Management 4(1):245-259. Phytocannabinoids: Produced in Trichomes ➢THC and other cannabinoids are produced in the trichomes ➢Trichomes are predominant in the flowers and leaves of the female Cannabis plant Cannabis sativa plant Terpenes: Smells & Therapeutic Effects SATIVA Sativa plants are used most commonly to elevate a depressed mood. Primarily the effects of sativas are on the mind and emotion. They tend to more stimulating, uplifting, energizing, and creativity enhancing. -
Annual Information Form
Annual Information Form For the year ended December 31, 2017 Dated March 11, 2019 TABLE OF CONTENTS GENERAL ................................................................................................................................................................. 1 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION ............................. 1 MARKET DATA AND INDUSTRY FORECASTS ............................................................................................... 2 CORPORATE STRUCTURE .................................................................................................................................. 2 GENERAL DEVELOPMENT OF THE BUSINESS ............................................................................................. 2 DESCRIPTION OF THE BUSINESS ................................................................................................................... 10 RISK FACTORS ..................................................................................................................................................... 58 DIVIDENDS AND DISTRIBUTIONS ................................................................................................................... 84 DESCRIPTION OF CAPITAL STRUCTURE..................................................................................................... 84 MARKET FOR SECURITIES ............................................................................................................................. 102 CONSOLIDATED CAPITALIZATION ............................................................................................................ -
The Time Is Now for U.S. Cannabis January 25, 2021
Equity Research U.S. Cannabis Industry January The Time is Now for U.S. Cannabis January 25, 2021 Given an attractive growth outlook for both medical and recreational markets in the U.S., improved execution by operators, healthier balance sheets and current Viridian Capital Advisors valuation trends for certain companies, we believe now is an attractive time to invest (or reinvest) in the U.S. cannabis market. The more attractive companies are those www.viridianca.com with established profitable and growing businesses in core markets which are poised for additional state expansion, but are more overlooked by analysts and investors. Jonathan DeCourcey 2020 was an evolutionary year of development for cannabis. In Q1/20, the industry Director Equity Research was nearly a year into a valuation decline which began in Q2/19 and continued [email protected] through the vape crisis with stock prices hitting a five year low in early March. Things began to change in the early days of COVID- 19, with cannabis companies deemed to (781) 724.6869 be essential businesses. Sales accelerated in legal markets at a time when most other retail industries struggled. With initial sales in Illinois and Michigan, recreational cannabis moved beyond the coasts. Five states passed ballot initiatives in November. Some states openly discussed legalization as a tool to offset economic hardship. Cannabis Investment Thesis Capital markets activity improved late in 2020 with the U.S. becoming the focal point • Visible and Profitable of investment and M&A activity. We expect the upswing to continue as capital is Long-Term Industry Growth becoming less costly for companies on improved investor interest (particularly from institutional investors), and increased debt financings. -
Cannabis MAPA19.Pptx
8/2/19 Objectives 1. Explore who is eligible to obtain medical cannabis (marijuana). 2. Outline the process to receive an order for Medical Marijuana in Maryland medical cannabis. 3. Understand the various types of medical cannabis products available in Maryland. 4. List the three components of the medical cannabis market in Maryland. 5. Describe the number of dispensary locations in Maryland. Source: National Institute on Drug Abuse; National Institutes of Health; U.S. Department of Health and Human Services History of Cannabis • Documented in Chinese literature back to The 2700 BC GOOD • Netherlands back to 2459 BC • Used in Ayurvedic medicine back to 1700 BC Cannabis • 1550 BC Egyptian prescription found • 500 BC a Greek description of cannabis steam baths The The BAD UNKOWN Marijuana in Maryland Medical Cannabis in Maryland • 2013 bill signed for medical marijuana program • 2014 bill passed to decriminalize possession of 10 grams or less • September 2015 Maryland Medical Cannabis Law passed For Whom? • 2016 public smoking or possession of marijuana paraphernalia decriminalized (civil infraction with How? fine vs criminal charge) • 2017 bill to approve recreational marijuana did When? By Whom? not pass Photo Source: National Institutes of Health; U.S. Department of Health and Human Services 1 8/2/19 Maryland Medical Cannabis Medical Cannabis in Maryland Commission • MMCC develops policies, procedures, • Growers (14) regulations • Processors (12) • Named in honor of Natalie M Laprade • Dispensers (77 – will be up to 102) – Mrs. Laprade was mother of Baltimore City – 2 allowed per state senate voting district Delegate Cheryl Glenn. • Independent Laboratory – Mrs. Laprade died of kidney cancer; Delegate Glenn believes medical cannabis could have benefited her mother. -
Choice Consolidation Corp. Investor Presentation February 1, 2021
Choice Consolidation Corp. Investor Presentation February 1, 2021 This document is for information purposes only and should not be considered a recommendation to purchase, sell or hold a security. This document does not constitute an offering memorandum or an offer or solicitation in any province or territory in Canada or other jurisdiction in which an offer or solicitation is not authorized. A copy of the preliminary prospectus dated January 22, 2021 containing important information relating to the securities described in this document has been filed with the securities regulatory authorities in each of the provinces and territories of Canada, except Québec. A copy of the preliminary prospectus, and any amendment, is required to be delivered with this document. The preliminary prospectus is still subject to completion. Copies of the preliminary prospectus may be obtained from www.sedar.com. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued. No securities regulatory authority has expressed an opinion about these securities and it is an offence to claim otherwise. The preliminary prospectus constitutes a public offering of the securities only in those jurisdictions where they may be lawfully offered for sale and, in such jurisdictions, only by persons permitted to sell such securities. This document does not provide full disclosure of all material facts relating to the securities offered. Investors should read the preliminary prospectus, the final prospectus and any amendment for disclosure of those facts, especially risk factors relating to the securities offered, before making an investment decision. -
Building America's Largest Cannabis Company
BUILDING AMERICA’S LARGEST CANNABIS COMPANY APRIL 2019 DISCLAIMER This presentation contains “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as, ‘may,’ ‘will,’ ‘should,’ ‘could,’ ‘would,’ ‘expects,’ ‘plans,’ ‘anticipates,’ ‘believes,’ ‘estimates,’ ‘projects,’ ‘predicts,’ ‘potential’ or ‘continue’ or the negative of those forms or other comparable terms. The Company’s forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward- looking statements, including but not limited to those risks discussed under "Risk Factors" in the company’s CSE Listing Statement filed with SEDAR; and other factors, many of which are beyond the control of the Company. Readers are cautioned that the foregoing list of factors is not exhaustive. Because of these uncertainties, you should not place undue reliance on the Company’s forward-looking statements. No assurances are given as to the future trading price or trading volumes of Cresco’s shares, nor as to the Company’s financial performance in future financial periods.