{"id":485607,"date":"2021-05-03T07:33:26","date_gmt":"2021-05-03T11:33:26","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cresco-labs-announces-expiration-of-hsr-act-waiting-period-for-the-proposed-acquisition-of-cultivate\/"},"modified":"2021-05-03T07:33:26","modified_gmt":"2021-05-03T11:33:26","slug":"cresco-labs-announces-expiration-of-hsr-act-waiting-period-for-the-proposed-acquisition-of-cultivate","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cresco-labs-announces-expiration-of-hsr-act-waiting-period-for-the-proposed-acquisition-of-cultivate\/","title":{"rendered":"Cresco Labs Announces Expiration of HSR Act Waiting Period for the Proposed Acquisition of Cultivate"},"content":{"rendered":"

<\/p>\n

Cresco Labs Announces Expiration of HSR Act Waiting Period for the Proposed Acquisition of Cultivate<\/b><\/p>\n

CHICAGO–(BUSINESS WIRE<\/a>)–Cresco Labs<\/a> (CSE:CL) (OTCQX:CRLBF) (\u201cCresco Labs\u201d or \u201cthe Company\u201d), a vertically integrated multistate operator and the number one U.S. wholesaler of branded cannabis products, today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the \u201cHSR Act\u201d), as amended, in respect to Cresco Labs\u2019 pending acquisition of Cultivate Licensing LLC and BL Real Estate LLC (collectively \u201cCultivate\u201d)(the \u201cTransaction\u201d). The waiting period expired without the issuance of a so-called \u201csecond request\u201d by the United States Department of Justice Antitrust Division (the \u201cDOJ\u201d). The Transaction remains subject to certain closing conditions, including approval from the Commonwealth of Massachusetts which is anticipated to be received in the fourth quarter of 2021.\n<\/p>\n

\n\u201cWe look forward to completing the remaining steps required to close the Transaction and are excited to begin our work with the Cultivate team later this year,\u201d said Charles Bachtell, CEO of Cresco Labs. \u201cUpon closing, Cresco Labs will immediately vault to a top 3 share position in Massachusetts, the third $1B+ market where we\u2019ve achieved this status. Once again, we will execute our playbook and demonstrate the growth and leverage that can be achieved by going deeper in strategic states.\u201d\n<\/p>\n

\nFor additional highlights and details on the Transaction, please see the announcement press release<\/a> and presentation<\/a> provided on our Investor Relations website.\n<\/p>\n

About Cresco Labs Inc.<\/b><\/p>\n

\nCresco 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 (\u201cCPG\u201d) 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\u2019 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\u2019s 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<\/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 \u201cforward-looking statements\u201d 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\u2019s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company\u2019s 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 \u201cRisk Factors\u201d in the Company\u2019s Annual Information Form for the year ended December 31, 2020 filed on March 26, 2021, 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 Labs\u2019 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\/20210503005337\/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, Cresco Labs
\n
Manager, 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 Illinois<\/p>\n

INDUSTRY KEYWORDS:<\/b> Alternative Medicine Other Retail Health Tobacco Packaging Specialty Manufacturing Retail<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Cresco Labs Announces Expiration of HSR Act Waiting Period for the Proposed Acquisition of Cultivate CHICAGO–(BUSINESS WIRE)–Cresco Labs (CSE:CL) (OTCQX:CRLBF) (\u201cCresco Labs\u201d or \u201cthe Company\u201d), a vertically integrated multistate operator and the number one U.S. wholesaler of branded cannabis products, today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the \u201cHSR Act\u201d), as amended, in respect to Cresco Labs\u2019 pending acquisition of Cultivate Licensing LLC and BL Real Estate LLC (collectively \u201cCultivate\u201d)(the \u201cTransaction\u201d). The waiting period expired without the issuance of a so-called \u201csecond request\u201d by the United States Department of Justice Antitrust Division (the \u201cDOJ\u201d). The Transaction remains subject to certain closing conditions, including approval from the Commonwealth of Massachusetts which is … <\/p>\n

Continue reading “Cresco Labs Announces Expiration of HSR Act Waiting Period for the Proposed Acquisition of Cultivate”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-485607","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCresco Labs Announces Expiration of HSR Act Waiting Period for the Proposed Acquisition of Cultivate - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cresco-labs-announces-expiration-of-hsr-act-waiting-period-for-the-proposed-acquisition-of-cultivate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cresco Labs Announces Expiration of HSR Act Waiting Period for the Proposed Acquisition of Cultivate - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Cresco Labs Announces Expiration of HSR Act Waiting Period for the Proposed Acquisition of Cultivate CHICAGO–(BUSINESS WIRE)–Cresco Labs (CSE:CL) (OTCQX:CRLBF) (\u201cCresco Labs\u201d or \u201cthe Company\u201d), a vertically integrated multistate operator and the number one U.S. wholesaler of branded cannabis products, today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the \u201cHSR Act\u201d), as amended, in respect to Cresco Labs\u2019 pending acquisition of Cultivate Licensing LLC and BL Real Estate LLC (collectively \u201cCultivate\u201d)(the \u201cTransaction\u201d). 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The waiting period expired without the issuance of a so-called \u201csecond request\u201d by the United States Department of Justice Antitrust Division (the \u201cDOJ\u201d). 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