written by reader CRLBF Cresco

By gdoggcrunch, August 31, 2019

This one hit the radar on Friday amongst the carnage in pot stocks. It was one of the few pot stocks up Friday as the sector was getting hit again.

I’d recommend going to their investor relations page and listening to both their latest earnings call and August Investor presentation. These are ex-mortgage bankers that seem focused on their business plan. It looked to me like this stock popped after both the Investor presentation and the earnings but has given a bit of that back.

CRLBF is growing into new geographies so if they execute they could grow into their pricey valuation. They don’t appear to have any “debt” but appear to have a $50m obligation perhaps related to a $50m asset (biz purchase?). Pink Sheet stocks take awhile to decipher due lack of standard filings. I don’t own CRLBF yet, but I’m considering it, probably with a $.50 stop. Appreciate any insight from anyone that follows this one.

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Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) is acquiring CannaRoyalty Corp. also known as Origin House (CSE: OH) (OTCQX: ORHOF) in a deal valued at C$1.1 billion or C$12.68 ($9.60 U.S.) per Origin House Share (based on the Exchange Ratio and the closing price of Cresco Labs Shares on March 29). The deal looks to be the largest public company acquisition in the history of the U.S. cannabis industry. Terms Of The Deal Cresco Labs will acquire all of the issued and outstanding Origin House Shares, with each holder of Origin House common shares receiving 0.8428 Cresco Labs Shares for… Read More »