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Cresco Labs Announces Termination Of Blair Wellness Acquisition

PUBLIC · CRLBFJan 19, 2022

Acquiring Company

Cresco Labs

Acquired Company

Blair

ChicagoAgriculture and FarmingCommunity And LifestyleHealth CareFood And BeverageAlternative Medicine

Description

Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco Labs” or “the Company”), a vertically integrated multistate operator and the number one U.S. wholesaler of branded cannabis products, announced today the termination of the previously announced definitive agreement to acquire 100% of the outstanding equity interest in Blair Wellness, LLC (“Blair Wellness”), a Baltimore Maryland medical cannabis dispensary (the “Transaction”).

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Company Information

Company

Cresco Labs

Location

400 W ERIE ST SUITE 110

Chicago, Illinois, United States

About

Cresco Labs is one of the largest vertically integrated multistate cannabis operators in the United States, with a mission to normalize and professionalize the cannabis industry. Employing a consumer-packaged goods (“CPG”) approach, Cresco Labs is the largest wholesaler of branded cannabis products in the U.S. Its brands are designed to meet the needs of all consumer segments and comprised of some of the most recognized and trusted national brands including Cresco, High Supply, Mindy's Edibles, Good News, Remedi, Wonder Wellness Co. and FloraCal Farms. Sunnyside, Cresco Labs’ national dispensary brand, is a wellness-focused retailer created to build trust, education and convenience for both existing and new cannabis consumers. Recognizing that the cannabis industry is poised to become one of the leading job creators in the country, Cresco Labs operates the industry’s largest Social Equity and Educational Development initiative, SEED, which was established to ensure that all members of society have the skills, knowledge and opportunity to work and own businesses in the cannabis industry. Learn more about Cresco Labs at www.crescolabs.com.

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Frequently asked

Who acquired Blair?

Blair was acquired by Cresco Labs, based in Chicago. The deal was reported on January 19, 2022. Cresco Labs is one of the largest vertically integrated multistate cannabis operators in the United States, with a mission to normalize and professionalize the cannabis industry. Cresco Labs is publicly traded (CRLBF) and operates in Agriculture and Farming.

When did Cresco Labs acquire Blair?

Cresco Labs's acquisition of Blair was reported on January 19, 2022. Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco Labs” or “the Company”), a vertically integrated multistate operator and the number one U.S. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Blair do?

Blair is a historic brand with over 100 years of producing quality and comfortable women's and men's clothing for a casual lifestyle. It is privately held.

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