This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20201218005119\/en\/<\/a><\/p>\n Cresco Labs\u2019 Good News brand launches in Michigan with 10 mg. gummy edibles now available to purchase at dispensaries. (Photo: Business Wire)<\/p>\n<\/div>\n \n\u201cSince receiving our Medical Processing License in March 2020 and launching recreational sales in June, we have remained committed to our strategy of prioritizing wholesale distribution and I\u2019m proud of our Michigan team for creating an outstanding operation that supports our brands and products,\u201d said Charlie Bachtell, CEO & Co-founder of Cresco Labs. \u201cMichigan is a sophisticated market, and we believe our growth speaks to the quality and variety of the brands and products that we are offering to our dispensary partners, patients and customers. We are investing resources in the most strategic markets, and we continue to be excited about the growth potential of Michigan\u2019s cannabis program.\u201d\n<\/p>\n \nNick Fallon, General Manager of Michigan, added, \u201cWe\u2019re thrilled to bring Good News to Michigan\u2014it will be our fifth brand available to medical patients and recreational consumers. Our Mindy\u2019s Chef Led Artisanal Edibles and High Supply brands are performing well, with consumers appreciating a low dose edible option from Mindy\u2019s and more affordable, quality vapes from High Supply. In addition, our customers are enjoying our Cresco Liquid Live Resin vape cartridges, which are unique and differentiated from other live resin products in market today because they represent the purest form of the plant and deliver premium quality and flavor. We are proud to offer more choice with the debut of a higher dose edible option from our Good News brand.\u201d\n<\/p>\n \nIn December of 2019, Michigan became the tenth U.S. state to legalize cannabis for adult-use consumption. In the first eight months of this year, Michigan\u2019s adult use and medical markets brought in over $281 million and more than $313 million, respectively, for a total of $595 million in cannabis sales, according to data from Headset1<\/sup>. Michigan has one of the country\u2019s fastest-growing adult-use markets, with state sales generating over $104 million in October2<\/sup>. In addition to its new adult-use market, Michigan\u2019s growing medical market is ranked second in the country behind California.\n<\/p>\n \nGood News is the Company\u2019s mainstream, social-occasion based brand with a product line developed to deliver a quality, safe and consistent cannabis experience through easy to use and benefit-forward forms focused on occasion and mood benefits. Good News is currently available in California, Illinois and now Michigan.\n<\/p>\n \nCresco Labs\u2019 other House of Brands and products available in the state for medical patients and customers include Cresco<\/a> live resin concentrates and liquid live resin vape cartridges, Mindy\u2019s Chef Led Artisanal Edibles<\/a> gummies, High Supply<\/a> disposable vape pens, and Remedi<\/a> capsules and tinctures.\n<\/p>\n \nCresco Labs has a licensed cultivation and processing facility in Marshall, Michigan, which has a total of 53,000 square feet of cultivation space and is currently under renovation.\n<\/p>\n \nFor more information on Good News, please visit wearegoodnews.co<\/a>.\n<\/p>\n 1<\/sup>https:\/\/www.headset.io\/industry-reports\/the-michigan-cannabis-market-high-level-overview About Cresco Labs<\/b><\/p>\n \nCresco Labs is one of the largest vertically integrated multi-state cannabis operators in the United States. Cresco is built to become the most important company in the cannabis industry by combining the most strategic geographic footprint with one of the leading distribution platforms in North America. Employing a consumer-packaged goods (\u201cCPG\u201d) approach to cannabis, Cresco\u2019s house of brands is designed to meet the needs of all consumer segments and includes some of the most recognized and trusted national brands including Cresco, Remedi, High Supply, Cresco Reserve, Good News, Wonder Wellness Co., FloraCal Farms and Mindy\u2019s Chef Led Artisanal Edibles created by James Beard Award-winning chef Mindy Segal. Sunnyside, Cresco\u2019s national dispensary brand, is a wellness-focused retailer designed 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 provides the industry\u2019s first national comprehensive Social Equity and Educational Development (SEED) program designed to ensure that all members of society have the skills, knowledge and opportunity to work in and own businesses in the cannabis industry. Learn more about Cresco Labs at crescolabs.com<\/a>.\n<\/p>\n Forward Looking Statements<\/b><\/p>\n \nThis press release contains \u201cforward-looking information\u201d 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, \u2018may,\u2019 \u2018will,\u2019 \u2018should,\u2019 \u2018could,\u2019 \u2018would,\u2019 \u2018expects,\u2019 \u2018plans,\u2019 \u2018anticipates,\u2019 \u2018believes,\u2019 \u2018estimates,\u2019 \u2018projects,\u2019 \u2018predicts,\u2019 \u2018potential\u2019 or \u2018continue\u2019 or the negative of those forms or other comparable terms. The Company\u2019s forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company\u2019s 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\u2019s Annual Information Form dated April 28, 2020, and other documents filed by the Company with Canadian securities regulatory authorities; 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\u2019s forward-looking statements. No assurances are given as to the future trading price or trading volumes of Cresco\u2019s shares, nor as to the Company\u2019s financial performance in future financial periods. The Company does not intend to update any of these factors or to publicly announce the result of any revisions to any of the Company\u2019s forward-looking statements contained herein, whether as a result of new information, any future event or otherwise. Except as otherwise indicated, this press release speaks as of the date hereof. The distribution of this press release does not imply that there has been no change in the affairs of the Company after the date hereof or create any duty or commitment to update or supplement any information provided in this press release or otherwise.\n<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201218005119\/en\/<\/a><\/span><\/p>\n Media: Investors: For general Cresco Labs inquiries: KEYWORDS:<\/b> Illinois Michigan United States North America<\/p>\n INDUSTRY KEYWORDS:<\/b> Food\/Beverage Alternative Medicine Health Retail Tobacco<\/p>\n![\"Cresco](\"https:\/\/mms.businesswire.com\/media\/20201218005119\/en\/847911\/4\/GoodNews_Web_2020_Q3_Gummies_Group_1.jpg\")
<\/p>\n
\n<\/a>
2<\/sup>https:\/\/www.headset.io\/posts\/cannabis-market-overview-november-2020<\/a><\/p>\n<\/p>\n
\n<\/i>
Jason Erkes, Cresco Labs
\n
Chief Communications Officer
\n
press@crescolabs.com<\/a><\/p>\n
\n<\/i>
Jake Graves
\n
Senior Analyst, Investor Relations
\n
investors@crescolabs.com<\/a><\/p>\n
\n<\/i>
312-929-0993
\n
info@crescolabs.com<\/a><\/p>\n
![\"Photo\"](\"https:\/\/mms.businesswire.com\/media\/20201218005119\/en\/847911\/3\/GoodNews_Web_2020_Q3_Gummies_Group_1.jpg\")
<\/td>\n<\/tr>\n