Cresco Labs: New Jersey Boost, But No Federal Help

Apr. 20, 2022 12:16 PM ETCresco Labs Inc. (CRLBF)CCHWF72 Comments


  • Cresco Labs hit yearly lows following the delay of the CAOA bill from Schumer.
  • The MSO is poised to become the largest cannabis company with the Columbia Care deal offering up a license in the recently approved New Jersey recreational cannabis market.
  • The stock is cheap trading at ~2x 2023 combined sales targets before dispositions.
  • Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our model portfolio. Learn More »

State of New Jersey State

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The U.S. cannabis market continues to take two steps forward and 1 step back, but the stock market only focuses on the roadblocks. Cresco Labs (OTCQX:CRLBF) is a leading multi-state operator (MSO) trading near new multi-year

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Cresco Labs/Columbia Care Operations overlap

Source: MJBizDaily

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Stone Fox Capital Advisors, LLC is a registered investment advisor founded in 2010. Mark Holder graduated from the University of Tulsa with a double major in accounting & finance. Mark has his Series 65 and is also a CPA.

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Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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