04:30:53 EDT Wed 01 May 2024
Enter Symbol
or Name
USA
CA



Cresco Labs Inc
Symbol CL
Shares Issued 318,051,818
Close 2023-10-06 C$ 2.24
Market Cap C$ 712,436,072
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Cresco Labs releases Good News brand in Pennsylvania

2023-10-10 01:23 ET - News Release

Mr. Charlie Bachtell reports

CRESCO LABS LAUNCHES GOOD NEWS BRAND IN PENNSYLVANIA WITH NEW SWEET TROCHES

Cresco Labs Inc. has launched its Good News brand in the Commonwealth of Pennsylvania. Good News's first product, Sweet Troches (troh-kees), is a sublingual form offered in six flavours with 10 milligrams tetrahydrocannabinol. It is available to purchase at all Sunnyside locations and other dispensaries in the state.

"We've demonstrated repeatedly our ability to build our core brands and core products in new markets to meet market conditions while also maintaining our strong No. 1 share positions," said Charlie Bachtell, chief executive officer and co-founder of Cresco Labs. "Our branded portfolio is holding strong with the top share position in Pennsylvania. We have many targeted strategies in place to continue to grow our share in the state, such as launching smart innovations like Sweet Troches from Good News. So far, we've seen a strong reception from patients and caregivers for our Wonder Wellness Co. Mini Troches, and we're pleased to offer more dosing options from our Good News brand."

Sweet Troches from Good News is a line of simple, easy-to-use medical marijuana products intended to be dissolved in the mouth. They are made with distillate oil and live sand with a white rice flour coating. Patients and caregivers can try one of six flavours: watermelon, white grape, berry, orange, peach and black cherry. Each Sweet Troche from Good News has 10 mg THC per dose.

In April, Cresco Labs introduced its first Troche from its Wonder Wellness Co. brand. Called Mini Troches, these are offered in relax, shine and sleep cannabinoid effects in low-dose formulations with approachable flavours and botanical extracts.

About Cresco Labs Inc.

Cresco Labs' mission is to normalize and professionalize the cannabis industry through a consumer packaged goods approach to building national brands and a customer-focused retail experience, while acting as a steward for the industry on legislative and regulatory-focused initiatives. As a leader in cultivation, production and branded product distribution, the company is leveraging its scale and agility to expand its portfolio of brands that include Cresco, High Supply, FloraCal, Good News, Wonder Wellness Co., Mindy's and Remedi on a national level. The company also operates highly productive dispensaries nationally under the Sunnyside brand that focus on building patient and consumer trust and delivering continuing education and convenience in a wonderfully traditional retail experience. Through year-round policy, community outreach and SEED initiative efforts, Cresco Labs embraces the responsibility to support communities through authentic engagement, economic opportunity, investment, work force development and legislative initiatives designed to create the most responsible, respectable and robust cannabis industry possible.

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