logo
Cresco Labs to Report Second Quarter 2025 Financial Results on August 7, 2025

Cresco Labs to Report Second Quarter 2025 Financial Results on August 7, 2025

Business Wire2 days ago
CHICAGO--(BUSINESS WIRE)-- Cresco Labs Inc. (CSE:CL) (OTCQX:CRLBF) (FSE: 6CQ) ('Cresco' or 'Company'), the industry leader in branded cannabis products with a portfolio of America's most popular brands and the operator of Sunnyside dispensaries, today announced it will report financial results for the second quarter ended June 30 th, 2025 on Thursday, August 7, 2025 before the market opens.
The Company will host a conference call and webcast to discuss its financial results and provide investors with key business highlights.
Event: Cresco Labs Second Quarter 2025 Earnings Conference Call
Date: Thursday, August 7, 2025
Time: 8:30 am ET
Webcast: LINK
Conference Call Registration: LINK
Dial-in: 1-833-470-1428 (US Toll Free), 1-404-975-4839 (US Local)
Access Code: 158138
Archived access to the webcast will be available for one year on the Cresco Labs investor relations website.
About Cresco Labs Inc.
Cresco Labs' mission is to normalize and professionalize the cannabis industry through a CPG 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 grow 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 ongoing 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, workforce development and legislative initiatives designed to create the most responsible, respectable and robust cannabis industry possible. Learn more about Cresco Labs' journey by visiting www.crescolabs.com or following the Company on Facebook, X or LinkedIn.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Clip Money Inc. Announces US$4,000,000 Financings
Clip Money Inc. Announces US$4,000,000 Financings

Hamilton Spectator

time3 hours ago

  • Hamilton Spectator

Clip Money Inc. Announces US$4,000,000 Financings

TORONTO, July 18, 2025 (GLOBE NEWSWIRE) — Clip Money Inc. (TSX-V: CLIP) (OTCQB: CLPMF) ('Clip Money' or the 'Company'), a company that operates a multi-bank self-service deposit system for businesses, is pleased to announce the closing of a non-brokered private placement of an unsecured convertible note (the 'Convertible Note') for gross proceeds of US$3,000,000 (or CAD$4,125,900, based on a CAD/USD exchange rate of US$1 = CAD$1.3753) to Cardtronics Inc. ('Cardtronics'), a subsidiary of NCR Atleos Corporation (the 'Convertible Note Financing'). Cardtronics is Clip Money's largest shareholder and also a strategic commercial partner through the NCR Atleos Allpoint ATM network. Cardtronics' continued support highlights its confidence in the Clip Money solution and team. Separately, Clip Money is also pleased to announce the closing of a non-brokered private placement of 6,876,500 common shares in the capital of the Company ('Common Shares') at a price of CAD$0.20 per Common Share for gross proceeds of US$1,000,000 (or CAD$1,375,300, based on a CAD/USD exchange rate of US$1 = CAD$1.3753) to two insiders of the Company (the 'Equity Financing', together with the Convertible Note Financing, the 'Financings'). The Convertible Note will accrue simple interest at a rate of 13% per annum. The Company will make quarterly cash interest payments in satisfaction of a portion of the interest that accrues on the principal amount of the Convertible Note in the preceding quarter. The principal amount of the Convertible Note outstanding on the Maturity Date plus all accrued and unpaid interest thereon that has not been previously paid in connection with the quarterly interest payments will be due and payable in full on, July 18, 2030 (the 'Maturity Date'). On the Maturity Date, payment of the principal amount of the Convertible Note then outstanding will be satisfied by the Company, at Cardtronics' sole discretion, through: (i) a cash payment equal to the entirety of the principal amount of the Convertible Note then outstanding; (ii) the issuance of a number of Common Shares equal to the entirety of the principal amount of the Convertible Note then outstanding divided by CAD$0.55 (the 'Conversion Price'); or (iii) a combination of a cash payment and the issuance of Common Shares at the Conversion Price, provided that at least 50% of the principal amount of the Convertible Note then outstanding must be converted into Common Shares. On the Maturity Date, payment of all accrued and unpaid interest up to and including the Maturity Date that has not been previously satisfied by way of the quarterly interest payments will be satisfied by the Company, at Cardtronics' sole discretion, through: (i) a cash payment equal to the entirety of all accrued and unpaid interest up to and including the Maturity Date; (ii) the issuance of a number of Common Shares equal to the entirety of the accrued and unpaid interest up to the Maturity Date divided by the then-prevailing market price of the Common Shares on the TSX Venture Exchange (the 'TSXV'), subject to prior written approval of the TSXV; or (iii) a combination of a cash payment and the issuance of Common Shares at the then prevailing market price of the Common Shares on the TSXV, subject to prior written approval of the TSXV. Subject to the terms of the Convertible Note, if the Company redeems all or a portion of the Convertible Note prior to the three year anniversary thereof, it must pay a redemption price equal to 102% of the portion of the principal amount of the Convertible Note being redeemed plus all accrued and unpaid interest up to and including the redemption date on the portion of the principal amount being redeemed. Such a redemption shall be payable in cash or, at the election of the holder and subject to the prior written approval of the TSXV, be payable in Common Shares pursuant to the terms of the Convertible Note. Subject to the terms of the Convertible Note, if the Company redeems all or a portion of the Convertible Note after the three year anniversary thereof and until the date that is one day before the Maturity Date, it must pay a redemption price equal to 101% of the portion of the principal amount of the Convertible Note being redeemed plus all accrued and unpaid interest up to and including the redemption date on the portion of the principal amount being redeemed. Such a redemption shall be payable in cash or, at the election of the holder and subject to the prior written approval of the TSXV, be payable in Common Shares pursuant to the terms of the Convertible Note. The Financings represent related-party transactions under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ('MI 61-101'), but are exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the subject matter of the transactions nor the consideration paid exceeds 25% of the Company's market capitalization. All securities to be issued in connection with the Equity Financing and the Convertible Note Financing are subject to a statutory hold period of four months plus a day from the date hereof in accordance with applicable securities legislation in Canada. The Company intends to use the net proceeds from the Financings for network expansion and customer acquisition, new unit capital expenditures, business operations and technology and for general corporate purposes. There was no finder's fee paid in connection with the Financings. EARLY WARNING DISCLOSURE REGARDING BRIAN BAILEY In connection with closing of the Equity Financing, Brian Bailey, president and chief operating officer of Clip Money, acquired 3,438,250 Common Shares at a price of CAD$0.20 per Common Share pursuant to the terms of a subscription agreement. Prior to closing of the Equity Financing, Mr. Bailey beneficially owned, directly or indirectly, (i) 7,233,766 Common Shares, (ii) a convertible note in the principal amount of CAD$367,518 (the 'Bailey Convertible Note') that is convertible into 735,036 Common Shares, in whole or in part, at the option of Mr. Bailey, based on the principal amount of the Bailey Convertible Note divided by the conversion price of CAD$0.50, (iii) 455,118 common share purchase warrants ('Warrants') exercisable for 455,118 Common Shares, and (iv) 1,449,650 options exercisable for 1,449,650 Common Shares (the 'Options'), representing approximately 6.86% of the issued and outstanding Common Shares of Clip Money on a non-diluted basis and approximately 9.14% of the issued and outstanding Common Shares of Clip Money on a partially diluted basis assuming the full conversion of the Bailey Convertible Note and the full exercise of the Warrants and Options. Following closing of the Equity Financing, Mr. Bailey will own (i) 10,672,016 Common Shares, (ii) the Convertible Note, (iii) 455,118 Warrants and (iv) 1,449,650 Options, representing approximately 9.51% of the issued and outstanding Common Shares of Clip Money on a non-diluted basis and approximately 11.59% of the issued and outstanding Common Shares of Clip Money on a partially diluted basis assuming the full conversion of the Bailey Convertible Note and the full exercise of the Warrants and Options. The securities of Clip Money are being held by Mr. Bailey for investment purposes and Mr. Bailey will evaluate his investment in the Company from time to time and may, based on such evaluation, market conditions and other circumstances, increase or decrease his shareholdings through market transactions, private agreements, or otherwise. This news release is being issued under the early warning provisions of Canadian securities legislation. A copy of the early warning report to be filed by Mr. Bailey in connection with the transactions described above will be available on the Company's SEDAR+ profile at . A copy of such report may also be obtained by contacting Joseph Arrage by telephone at 844-593-2547 or by email at jarrage@ . The Company's registered office is located at 333 Bay Street, Suite 3400, Toronto, Ontario, M5H 2S7. About Clip Money Inc. Clip operates a multi-bank self-service deposit system for businesses through the Clip Money network that gives users the capability of making deposits outside of their bank branch at top retailers and shopping malls. Rather than having to go to their personal bank branch or using a cash pickup service, businesses can deposit their cash at any ClipDrop Box or ClipATM located near them. After being deposited, the funds will automatically be credited to the business' bank account, usually within one business day. The Company combines functional hardware, an intuitive mobile app and an innovative cloud-based transaction engine that maximizes business-banking transactions. Combined with mobile user applications, Clip offers a cost-effective and convenient solution for business banking deposits in metropolitan statistical areas across Canada and the United States. For more information about the Company, visit . Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. For further information, please contact: Joseph Arrage Chief Executive Officer tel: 844-593-2547

Wall Street Wants to Make Private Markets a Little More Public
Wall Street Wants to Make Private Markets a Little More Public

New York Times

time4 hours ago

  • New York Times

Wall Street Wants to Make Private Markets a Little More Public

There's a new darling on Wall Street: private markets. Because that's where the party is now. Companies are staying private for longer — the number of publicly traded companies has dropped by nearly half over the past three decades, with nearly 1,500 start-ups worldwide currently boasting a valuation of $1 billion or more — and, according to the global consultancy Bain & Company, private market assets have more than tripled since 2013. The firm expects them to grow twice as fast as public assets in the future, reaching $62 trillion globally by 2034. Historically, private equity investments were accessible only to wealthy and experienced investors. But in recent years, interest has soared among the retail class. Fund managers, brokerage houses and savvy start-ups are racing to build new products that expand access to all, and the newly appointed chairman of the Securities and Exchange Commission, Paul S. Atkins, has signaled he supports the goal. 'This is just the beginning,' said the senior vice president of Robinhood Crypto, Johann Kerbrat, who is leading Robinhood's efforts to make private equity tradable on its platform. Washington appears to be on board. Investments in private companies have typically been reserved for 'accredited investors' — people that earn more than $200,000 a year or have a net worth of at least $1 million. The requirement is meant to protect everyday investors from high-risk investments 'There's not a lot of clarity, you can't get your money out, and you might lose all your money,' said Jonathan Foster, the C.E.O. at Angeles Wealth Management. Want all of The Times? Subscribe.

Treatment.com AI Engages Marketing Services Providers
Treatment.com AI Engages Marketing Services Providers

Hamilton Spectator

time5 hours ago

  • Hamilton Spectator

Treatment.com AI Engages Marketing Services Providers

VANCOUVER, British Columbia, July 18, 2025 (GLOBE NEWSWIRE) — AI Inc. (CSE: TRUE, OTC: TREIF, Frankfurt: 939) ('Treatment') is pleased to announce that it has engaged 45 Degrees, Inc. ('45 Degrees') and Investment Publishing LLC ('Investment Publishing') to provide digital marketing and investor awareness services on behalf of Treatment as further described below. 45 Degrees: 45 Degrees of Cheyenne, WY, has been engaged by Treatment for a six-month term commencing immediately to provide advertising services including Google Ads, social media and video interview distribution (the 'Marketing Engagement'). The Marketing Engagement was entered into on July 18, 2025, in consideration of a total fee of USD $180,000 to be paid in two equal installments: USD $90,000 on signing and USD $90,000 due 10 weeks after the marketing campaign launch. The Marketing Engagement may be extended on a month-to-month basis for a fee of USD $25,000 by way of mutual written agreement between both parties. Furthermore, Treatment may elect to increase the scope of the services provided under the Marketing Engagement for accelerated reach, expanded content, or live media in consideration for an additional USD $10,000 per month. In connection with and as partial consideration for the Marketing Engagement, Treatment has issued400,000 stock options (each an 'Option') to the principal of 45 Degrees, which shall each be exercisable at $0.45 per common share of the Company. Such options shall vest immediately and shall be exercisable for a period of 3 years from the date of grant. The contact information for 45 Degrees is: 45 Degrees Inc, whose registered address is: 1621 Central Ave, Cheyenne WY 8200, USA. Email: info@ and phone; 672.906.2276. Investment Publishing: The Company has also engaged Investment Publishing pursuant to a marketing agreement dated July 18, 2025 to enhance the Company's investor relations strategy. The engagement of Investment Publishing is for an initial one year term commencing immediately and is designed to increase awareness of the Company. Investment Publishing will aim to engage investors through public relations efforts, educational content, and direct outreach using a range of digital platforms, including social media channels, email newsletters, and investor-focused webinars. As compensation for services to be provided, the Company will pay Investment Publishing, the Company will issue Investment Publishing's principal, Mariusz Skonieczny, 400,000 Options, which are each exercisable to acquire one common share of the Company at an exercise price of $0.45 for a period of three years from the date of grant. The Company looks forward to a productive collaboration with Investment Publishing as the Company continues to expand its reach and deliver value to stakeholders. Contact Information for Investment Publishing LLC: Name: Mariusz Skonieczny Email: marios188@ Business Address: 1202 Far Pond Cir. Mishawaka IN 46544. Option Grants The Company also announces that it has granted an aggregate of an additional 400,000 Options to certain arm's length consultants to the Company pursuant to the Company's stock option plan. Such Options, which vest immediately, are exercisable at an exercise price of $0.45 per common share of the Company for a period of 3 years from the date of grant. About AI Inc. AI is a company utilizing AI (artificial intelligence) and best clinical practices to positively improve the healthcare sector and impact current inefficiencies and challenges. With the input of hundreds of healthcare professionals globally, AI has built a comprehensive, personalized healthcare AI engine, the Global Library of Medicine (GLM). With more than 10,000 expert medical reviews, the GLM delivers tested clinical information and support to all healthcare professionals as well as providing recommended tests (physical and lab), imaging and billing codes. The GLM helps healthcare professionals (doctors, nurses or pharmacists) reduce their administrative burden; creates more time for needed face-to-face patient appointments; and enables greater consistency in quality of patient support. AI's GLM platform, through supporting healthcare professionals, allows for the inclusion of disenfranchised communities. To learn more about AI's products and services: or email: info@ FOR ADDITIONAL INFORMATION, CONTACT: Dr. Essam Hamza, CEO ehamza@ For media inquiries, contact: media@ Call: +1 (612) 788-8900 / Toll-Free USA/Canada: +1 (888) 788-8955 Cautionary Statements This news release contains forward-looking statements that are based on Treatment's expectations, estimates and projections regarding its business and the economic environment in which it operates, including with respect to the implementation of its shareholder communications initiative and the timing thereof. These forward-looking statements or information may relate to the engagement of 45 Degrees and Investment Publishing and the anticipated benefits to Treatment from such engagement. Although Treatment believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements, and readers should not place undue reliance on such statements. These forward-looking statements speak only as of the date on which they are made, and Treatment undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances unless otherwise required to do so by law. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store