{"id":405021,"date":"2020-12-23T07:33:17","date_gmt":"2020-12-23T12:33:17","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=405021"},"modified":"2020-12-23T07:33:17","modified_gmt":"2020-12-23T12:33:17","slug":"cresco-labs-opens-tenth-illinois-sunnyside-dispensary-in-naperville","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cresco-labs-opens-tenth-illinois-sunnyside-dispensary-in-naperville\/","title":{"rendered":"Cresco Labs Opens Tenth Illinois Sunnyside Dispensary in Naperville"},"content":{"rendered":"

<\/p>\n

Cresco Labs Opens Tenth Illinois Sunnyside Dispensary in Naperville<\/b><\/p>\n

The Company increases its national retail footprint to 20 operating stores<\/i><\/p>\n

CHICAGO–(BUSINESS WIRE<\/a>)–Cresco Labs<\/a> (CSE:CL) (OTCQX:CRLBF) (\u201cCresco\u201d or \u201cthe Company\u201d), one of the largest vertically integrated, multistate cannabis operators in the United States, announced today the opening of its tenth Illinois dispensary in the third largest city in the state, Naperville. The adult-use Sunnyside<\/a> dispensary is located at 2740 W. 75th St., one of the busiest shopping areas in Naperville, a western suburb of Chicago.\n<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20201223005051\/en\/<\/a><\/p>\n

\"Cresco<\/p>\n

Cresco Labs opens its tenth Illinois dispensary in Naperville. (Photo: Business Wire)<\/p>\n<\/div>\n

\n\u201cOur retail platform continues to outperform because we put such a premium on finding the right location for our stores, and Naperville is another example of opening a new location in the heart of one of the city\u2019s most vibrant retail spaces\u2014on the same block as Costco, Whole Foods and Starbucks. We are normalizing the cannabis shopping experience,\u201d said Charlie Bachtell, Cresco Labs\u2019 CEO and Co-founder. \u201cWith the opening of Sunnyside Naperville, we are proud to be the first cannabis operator to reach ten dispensaries in Illinois. This milestone and the acceleration of our store growth this year is a reflection of our differentiated strategy and our best-in-class ability to execute it.\u201d\n<\/p>\n

\nIllinois is one of the most robust cannabis markets in the country where state retail sales are on an annual run rate of more than a billion dollars.1<\/sup> Sunnyside retail stores continue to command an outsized share of the market.\n<\/p>\n

\nSunnyside Naperville will employ nearly 40 people in the nearly 8,400 square foot dispensary featuring 12 points of sale. Adult-use customers can browse live inventory, place online orders through Sunnyside.shop<\/a> and pickup orders in-store. They will receive a confirmation when their order is ready for pickup. Sunnyside Naperville requires all customers to wear masks and practice social distancing. Regular store hours are 9:00 AM to 9:00 PM CST daily, seven days a week.\n<\/p>\n

\nIn Illinois, Cresco Labs has 10 operating stores in the River North and Lakeview neighborhoods of downtown Chicago; Chicago northwestern suburb of Schaumburg; villages of Elmwood Park and Buffalo Grove in Cook County, the most populous county in the state; northern cities of Rockford and South Beloit, which is near the Wisconsin border; city of Champaign in central Illinois; and city of Danville in eastern Illinois near the Indiana border.\n<\/p>\n

\nThe Company has 20 operating stores in six states, including Illinois, Arizona, Ohio, Pennsylvania, New York and Massachusetts.\n<\/p>\n

\nTo learn more about Sunnyside, visit Sunnyside.shop<\/a>.\n<\/p>\n

1 <\/sup>https:\/\/www.idfpr.com\/Forms\/AUC\/2020%2012%2002%20IDFPR%20monthly%20adult%20use%20cannabis%20sales.pdf
\n<\/a>
1<\/sup>https:\/\/www2.illinois.gov\/sites\/mcpp\/Pages\/update12042020_mcpp.aspx<\/a><\/p>\n

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 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 www.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

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201223005051\/en\/<\/a><\/span><\/p>\n

Media:
\n<\/i>
Jason Erkes, Cresco Labs
\n
Chief Communications Officer
\n
press@crescolabs.com<\/a><\/p>\n

Investors:
\n<\/i>
Jake Graves
\n
Senior Analyst, Investor Relations
\n
investors@crescolabs.com<\/a><\/p>\n

For general Cresco Labs inquiries:
\n<\/i>
312-929-0993
\n
info@crescolabs.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Canada Illinois<\/p>\n

INDUSTRY KEYWORDS:<\/b> Other Consumer Tobacco Specialty Alternative Medicine Health Consumer Retail Agriculture Natural Resources<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Photo<\/b><\/font><\/td>\n<\/tr>\n
\"Photo\"<\/td>\n<\/tr>\n
Cresco Labs opens its tenth Illinois dispensary in Naperville. (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Cresco Labs Opens Tenth Illinois Sunnyside Dispensary in Naperville The Company increases its national retail footprint to 20 operating stores CHICAGO–(BUSINESS WIRE)–Cresco Labs (CSE:CL) (OTCQX:CRLBF) (\u201cCresco\u201d or \u201cthe Company\u201d), one of the largest vertically integrated, multistate cannabis operators in the United States, announced today the opening of its tenth Illinois dispensary in the third largest city in the state, Naperville. The adult-use Sunnyside dispensary is located at 2740 W. 75th St., one of the busiest shopping areas in Naperville, a western suburb of Chicago. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20201223005051\/en\/ Cresco Labs opens its tenth Illinois dispensary in Naperville. (Photo: Business Wire) \u201cOur retail platform continues to outperform because we put such a premium on … <\/p>\n

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The adult-use Sunnyside dispensary is located at 2740 W. 75th St., one of the busiest shopping areas in Naperville, a western suburb of Chicago. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20201223005051\/en\/ Cresco Labs opens its tenth Illinois dispensary in Naperville. 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