Latest news with #Sunnyside
Yahoo
a day ago
- General
- Yahoo
Sunnyside city manager on leave after harassment complaint against councilwoman
Sunnyside City Manager Mike Gonzalez was placed on a 30-day paid administrative leave while the city conducts an internal investigation into an escalating feud with a city council member. Gonzalez was the economic development manager in Pasco from June 2021-March 2023 before leaving to become Franklin County administrator. He led the county for about a year before leaving during a criminal investigation of elected officials. The Sunnyside City Council met in a study session on June 2 and voted 5-2 to place Gonzalez on leave. The decision seemed to be related to a dispute with Councilwoman Theresa Hancock, who has been accused of harassment by Gonzalez and at least one other city staff member. 'This has been a witch hunt from the very beginning. And it's been orchestrated by Councilwoman (Theresa) Hancock,' Gonzalez told the council. The contentious public meeting saw several community members levy accusations of racism, leading to Mayor Dean Broersma nearly recessing the meeting. Many raised concerns about Hancock's past behavior, while several others defended her. According to the Sunnyside Sun, Gonzalez filed a human resources complaint against Councilwoman Theresa Hancock on May 11, accusing her of harassment and creating a hostile work environment. Hancock served on Sunnyside City Council from 2005-2017 and was reappointed in March. In Gonzalez's complaint, he detailed a series of alleged incidents since Hancock's appointment, including accusations of harassment, surveillance, undermining administrative procedures, hostility during meetings, disruption of city operations and defamation. The complaint came a few weeks before Irving Brown Sr., Sunnyside's human resources manager, filed a protection order against Councilwoman Theresa Hancock, accusing her of harassment and racism. Brown told the Tri-City Herald last week that Hancock has been targeting him and Gonzalez and wants them both fired. He reports that there is video footage of Hancock outside Sunnyside City Hall behaving in a threatening manner. Brown was a Pasco council member in July 2022. He started working for Sunnyside in February. He lives in Pasco and is the president of NAACP Tri-Cities. Fire Chief Cameron Haubrich will serve as acting city manager. The Sunnyside City Council will appoint an interim city manager during a special meeting on Wednesday at 6 p.m.
National Post
6 days ago
- Business
- National Post
Cresco Labs Continues Track Record of Delivering Strong Operating Cash Flow
Article content CHICAGO — Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) (' Cresco Labs ' or the ' Company '), the industry leader in branded cannabis products with a portfolio of America's most popular brands and the operator of Sunnyside dispensaries, today released its financial and operating results for the first quarter ended and year ended March 31, 2025. All financial information presented in this release is reported in accordance with U.S. GAAP and in U.S. dollars, unless otherwise indicated, and is available on the Company's investor website, here. Article content First Quarter 2025 Highlights Article content First quarter revenue of $166 million. First quarter operating cash flow of $30 million and Free Cash Flow 1 of $25 million. Gross profit of $79 million. Adjusted gross profit 1 of $82 million; and an Adjusted gross margin 1 of 49% of revenue. SG&A of $58 million or 35% of revenue. Net loss of $15 million. First quarter Adjusted EBITDA 1 of $36 million and Adjusted EBITDA margin 1 of 22%. Retained the No. 1 share position in multiple billion dollar markets. 2 Article content 'We entered 2025 with the flexibility and financial strength needed to navigate market volatility, complete our debt refinancing, and remain both strategic and patient as we invest thoughtfully for long-term growth.' Article content In Q1, we delivered $166 million in revenue, reflecting our successful plan to reduce AR exposure by limiting sales to wholesale accounts with credit risk. We generated $82 million in adjusted gross profit, and $36 million in Adjusted EBITDA. Most importantly, these actions translate into strong cash results. We generated $30 million in operating cash flow and ended the quarter with $162 million in cash, our highest balance in the past three years. Article content 'We're focused on ensuring our balance sheet remains in the strongest possible position to support long-term value creation,' said Charlie Bachtell, Cresco Labs CEO and co-founder. 'By staying disciplined and thoughtful in how we deploy capital, we're positioning Cresco Labs to drive margin expansion, gain market share, and invest in sustainable growth when the right opportunities arise.' Article content As of March 31, 2025, current assets were $311 million, including cash, cash equivalents, and restricted cash of $159 million. The Company had senior secured term loan debt, net of discount and issuance costs, of $353 million and a mortgage loan, net of discount and issuance costs of $18 million. Total shares on a fully converted basis to Subordinate Voting Shares were 484,592,240 as of March 31, 2025. Article content The Company will host a conference call and webcast to discuss its financial results on Monday, June 2, 2025, at 8:30am Eastern Time (7:30am Central Time). The conference call may be accessed via webcast or by dialing 1-833-470-1428 (US Toll Free) or 1-404-975-4839 (US Local), providing access code 671160. Archived access to the webcast will be available for one year on Cresco Labs' investor website, here. Article content 1 See 'Non-GAAP Financial Measures' at the end of this press release for more information regarding the Company's use of non-GAAP financial measures. 2 According to Hoodie Analytics. Article content Consolidated Financial Statements Article content The financial information reported in this press release is based on unaudited management prepared financial statements for the quarter ended March 31, 2025. These financial statements have been prepared in accordance with U.S. GAAP. The Company expects to file its unaudited condensed interim consolidated financial statements for the quarter ended March 31, 2025, on SEDAR+ and EDGAR on or about May 30, 2025. Accordingly, such financial information may be subject to change. All financial information contained in this press release is qualified in its entirety with reference to such financial statements. While the Company does not expect there to be any material changes between the information contained in this press release and the consolidated financial statements it files on SEDAR+ and EDGAR, to the extent that the financial information contained in this press release is inconsistent with the information contained in the Company's financial statements, the financial information contained in this press release shall be deemed to be modified or superseded by the Company's filed financial statements. The making of a modifying or superseding statement shall not be deemed an admission, for any purposes, that the modified or superseded statement, when made, constituted a misrepresentation for purposes of applicable securities laws. Further, the reader should refer to the additional disclosures in the Company's audited financial statements for the year ended December 31, 2024, filed on SEDAR+ and EDGAR. Article content Cresco Labs references certain non-GAAP financial measures throughout this press release, which may not be comparable to similar measures presented by other issuers. Please see the 'Non-GAAP Financial Measures' section below for more detailed information. Article content This release reports its financial results in accordance with U.S. GAAP and includes certain non-GAAP financial measures that do not have standardized definitions under U.S. GAAP. The non-GAAP measures include: Earnings before interest, taxes, depreciation, and amortization ('EBITDA'); Adjusted EBITDA; Adjusted EBITDA margin; Adjusted gross profit; Adjusted gross profit margin; Adjusted selling, general, and administrative expenses ('Adjusted SG&A'), Adjusted SG&A margin; and Free Cash Flow are non-GAAP financial measures and do not have standardized definitions under U.S. GAAP. The Company defines these non-GAAP financial measures as follows: EBITDA as net loss (income) before interest, taxes, depreciation, and amortization; Adjusted EBITDA as EBITDA less other (expense) income, net, fair value mark-up for acquired inventory, adjustments for acquisition and non-core costs, impairment and share-based compensation; Adjusted EBITDA Margin as Adjusted EBITDA divided by revenues, net; Adjusted gross profit as gross profit less fair value mark-up for acquired inventory and adjustments for acquisition and non-core costs; Adjusted gross profit margin as Adjusted gross profit divided by revenues, net; Adjusted SG&A as SG&A less adjustments for acquisition and non-core costs; Adjusted SG&A margin as Adjusted SG&A divided by revenues, net; and Free Cash Flow as Net cash provided by operating activities less purchases of property and equipment and proceeds from tenant improvement allowances. The Company has provided the non-GAAP financial measures, which are not calculated or presented in accordance with U.S. GAAP, as supplemental information and in addition to the financial measures that are calculated and presented in accordance with U.S. GAAP and may not be comparable to similar measures presented by other issuers. These supplemental non-GAAP financial measures are presented because management has evaluated the financial results both including and excluding the adjusted items and believe that the supplemental non-GAAP financial measures presented provide additional perspective and insights when analyzing the core operating performance of the business. These supplemental non-GAAP financial measures should not be considered superior to, as a substitute for or as an alternative to, and should only be considered in conjunction with, the U.S. GAAP financial measures presented herein. Accordingly, the Company has included below reconciliations of the supplemental non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with U.S. GAAP. Article content 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 or following the Company on Facebook, X or LinkedIn. Article content This press release contains 'forward-looking information' 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 (collectively, 'forward-looking statements'). Such 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 statements can be identified by the use of forward-looking terminology such as, 'may,' 'will,' 'should,' 'could,' 'would,' 'expects,' 'plans,' 'anticipates,' 'believes,' 'estimates,' 'projects,' 'predicts,' 'potential,' or 'continue,' or the negative of those forms or other comparable terms. The Company's forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the Company's 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's Annual Information Form for the year ended December 31, 2024, filed on SEDAR+ and EDGAR, 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's forward-looking statements. No assurances are given as to the future trading price or trading volumes of Cresco Labs' shares, nor as to the Company's 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's 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. Article content Cresco Labs Inc. For the Three Months Ended March 31, 2025, December 31, 2024, and March 31, 2024 For the Three Months Ended ($ in thousands) March 31, 2025 December 31, 2024 March 31, 2024 Revenue, net $ 165,757 $ 175,909 $ 184,295 Cost of goods sold 87,126 91,883 92,083 Gross profit 78,631 84,026 92,212 Gross profit % 47.4 % 47.8 % 50.0 % Operating expenses: Selling, general, and administrative 57,811 56,030 54,013 Share-based compensation 2,075 3,133 3,614 Depreciation and amortization 5,156 5,457 5,422 Total operating expenses 65,042 64,620 63,049 Income from operations 13,589 19,406 29,163 Other (expense) income, net: Interest expense, net (14,824 ) (13,079 ) (14,071 ) Other income (expense), net 317 (3,272 ) 856 Total other expense, net (14,507 ) (16,351 ) (13,215 ) (Loss) income before income taxes (918 ) 3,055 15,948 Income tax expense (14,316 ) (2,616 ) (18,003 ) Net (loss) income 1 $ (15,234 ) $ 439 $ (2,055 ) 1 Net (loss) income includes amounts attributable to non-controlling interests. Article content Cresco Labs Inc. Unaudited Reconciliation of Net (Loss) Income to Adjusted EBITDA (Non-GAAP) For the Three Months Ended March 31, 2025, December 31, 2024, and March 31, 2024 For the Three Months Ended ($ in thousands) March 31, 2025 December 31, 2024 March 31, 2024 Net (loss) income 1 $ (15,234 ) $ 439 $ (2,055 ) Depreciation and amortization 12,906 13,904 15,331 Interest expense, net 14,824 13,079 14,071 Income tax expense 14,316 2,616 18,003 EBITDA (Non-GAAP) $ 26,812 $ 30,038 $ 45,350 Other (income) expense, net (317 ) 3,272 (856 ) Adjustments for acquisition and other non-core costs 7,015 4,493 4,470 Share-based compensation 2,723 3,705 4,197 Adjusted EBITDA (Non-GAAP) $ 36,233 $ 41,508 $ 53,161 Adjusted EBITDA % (Non-GAAP) 21.9 % 23.6 % 28.8 % 1 Net (loss) income includes amounts attributable to non-controlling interests. Article content Article content Article content Article content Article content Contacts Article content Media Press@ Article content Investors TJ Cole, Cresco Labs SVP, Corporate Development & Investor Relations investors@ Article content Article content Article content
National Post
28-05-2025
- Business
- National Post
Cresco Labs Deepens Core Market Presence with New Sunnyside in Chippewa Township, Beaver Falls, PA
Article content CHICAGO — Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) ('Cresco Labs' or the 'Company'), today announced the grand opening of Sunnyside Chippewa in Beaver Falls, Pennsylvania. Article content Article content 'Pennsylvania continues to be a standout market for us, and this new Sunnyside location reinforces our commitment to serving patients with the highest-quality products and retail experience,' said Charlie Bachtell, CEO of Cresco Labs. 'We're going deeper in our core states—like Pennsylvania—where we are number one in branded market share, with a strong retail presence and the ability to drive significant operating leverage.' Article content Located at 2634 Darlington Road in Beaver Falls, Sunnyside is just 1.5 miles northwest of I-376 and easily accessible from nearby towns such as New Brighton, West Mayfield, and New Beaver. Article content Active patients and caregivers can place orders in store or online at Dispensary hours are Sunday through Thursday, 9 a.m. to 6 p.m., Friday and Saturday, 9 a.m. to 7 p.m. Article content About Cresco Labs Inc. Article content Cresco Labs' mission is to normalize and professionalize the medical marijuana 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 medical marijuana industry possible. Learn more about Cresco Labs' journey by visiting or following the Company on Facebook, X or LinkedIn. Article content This press release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation and may also contain n 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 (collectively, 'forward-looking statements'). Such 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 statements can be identified by the use of forward-looking terminology such as, 'may,' 'will,' 'should,' 'could,' 'would,' 'expects,' 'plans,' 'anticipates,' 'believes,' 'estimates,' 'projects,' 'predicts,' 'potential' or 'continue' or the negative of those forms or other comparable terms. The Company's forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's 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's Annual Information Form for the year ended December 31, 2024, filed on SEDAR+ and EDGAR, 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's forward-looking statements. No assurances are given as to the future trading price or trading volumes of Cresco Labs' shares, nor as to the Company's 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's 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. Article content Article content Article content Article content Article content Contacts Article content Media press@ Article content Article content Article content
Yahoo
10-05-2025
- Yahoo
Houston senior says squatter is now suing her after he took over a home that's been in her family for 70 years
A decades-old family home is now the center of a high-stakes legal showdown after a Houston woman says a man squatting on the property filed an adverse possession lawsuit, essentially claiming it as his own. Glory Gendrett says her family's roots run deep in the Sunnyside neighborhood, where her father built the home on Clover Street nearly 70 years ago. Now, she's fighting tooth and nail to keep what's hers. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) 'It's a huge part of my family because my father built that house,' Gendrett shared with KPRC 2. But what was once a symbol of generational legacy is now tangled up in unpaid taxes and a legal quagmire that's pushed Gendrett, 73, to the edge. Gendrett said she moved out in 2014 after a break-in left her shaken. Making matters worse, she found that she was unable to keep up with the rising property taxes. And while the deed to the property was later transferred to her and one of her sisters, the unpaid taxes ballooned into the tens of thousands, which opened the door for trouble. Gendrett claims a neighbor informed her that a man had broken into the home and was living on her property. She says calls to the police went nowhere — the issue, she was told, was a "civil matter." But the system didn't make it easy for her to fight back. 'I went to different places trying to get somebody to help me get this taken care of,' Gendrett recalled. 'What do I need to do, who do I need to talk to, this group, that group, you know, legal aid, a lot of different people, and I've had no help.' Her son, Lloyd Hudson Jr., tried to confront the man living inside the home but, according to Hudson, the man claimed his mother had given him the keys. 'I said, 'well, my mother has two kids, two grandkids, why would she just give you the keys?'' said Hudson. But the man, identified in court documents as Marquise Busby, wouldn't leave. Busby then went a step further and filed an adverse possession lawsuit, asserting that since he's been living in and maintaining the home since 2014, it now legally belongs to him. The lawsuit states Busby's been handling the upkeep, paying utilities, mowing the lawn and raising horses on the property. But when KPRC 2 reporter Robert Arnold visited the home, he found boarded-up windows, trees and vines choking the structure of the house, and no horses in sight. One piece of siding reportedly dangled loose, a symbol of a house in complete disrepair. Read more: BlackRock CEO Larry Fink has an important message for the next wave of American retirees — here's how he says you can best weather the US retirement crisis Court records reveal that Harris County first moved to collect back taxes in 2017. The legal drama stretched on until 2019 when the county initially won a judgment, but that ruling was tossed when it was discovered that one of the heirs to the property was never properly notified. Fast forward to 2024 and a final judgment hit Gendrett and her now-deceased sister's estate for nearly $30,000 in taxes, fees, penalties and interest. Hudson found a company to help the family set up a payment plan, preventing the property from going up for auction. That's when neighbor Jerome Harris stepped in, offering to buy and fix up the home. "It's destroying the neighborhood, it's an eyesore,' Harris said. But his attempt to buy the house was blocked by the squatter who refused to vacate. Now, with the taxes resolved, Gendrett thought they'd finally reclaim the home. But instead, Gendrett and her family were blindsided by Busby's adverse possession lawsuit. Dana Karni, director of litigation services for Lone Star Legal Aid, said these types of cases are rare and hard to prove. 'One of the elements that's more challenging is that the person living there needs to have been there in a way that's, quote, 'open and hostile,'' Karni explained. 'That means they're not hiding the fact that they are possessing the property, and in fact, they do not have the owner's permission.' Gendrett and Hudson are still searching for an attorney. In the mean time, their formal response to the lawsuit was a handwritten letter to the judge that Gendrett filed herself. In U.S. real estate, there's a legal backdoor that can hand your property to someone else without a sale, will or a single dollar exchanged. According to Cornell Law School, adverse possession is 'a doctrine under which a trespasser, in physical possession of land owned by someone else, may acquire valid title to the property.' Under the right circumstances, a person can take over land they don't own and eventually become the legal owner. All it takes is time, persistence and a few strategic moves. The idea behind adverse possession is rooted in practicality: if you abandon your property long enough and someone else takes care of it like it's theirs, the law might just reward them for doing so. Think of it as the legal system's way of saying 'use it or lose it.' But adverse possession is not a free-for-all squatters' paradise. The bar is set quite high — in order to win an adverse possession case, the claimant has to check off some very specific boxes: Actual: The squatter is living on and in possession of property that doesn't belong to them. Open and Notorious: The squatter's possession of the property is obvious to anyone paying attention. An adverse possession claim cannot succeed if posession of the property is a secret. Exclusive: The squatter cannot share control of the property with someone else. Hostile: Not in the angry sense, but legally speaking, it means the squatter is using the property without the true owner's permission. Continuous: The squatter must occupy the property openly and continuously. Depending on the state, that can be anywhere from five to 20 years. The financial consequences of this situation could be huge for Gendrett and her family. A vacant lot in a growing city like Houston could be worth hundreds of thousands of dollars. If you forget about your unused property, someone else could walk in, clean it up and eventually walk away with the deed, all without paying you a cent. Gendrett's story should serve as a warning to homeowners, landlords and heirs throughout the country. Keep an eye on your property, pay those taxes and don't let it sit idle for too long, because in the eyes of the law, possession really can be nine-tenths of ownership. 'At this time of my life, 73 years old, I have exhausted all I can do,' Gendrett wrote to the judge. 'I don't know where else to turn.' The court battle is set to go to trial in 2026. Until then, the fight for the Clover Street home and the legacy it holds rages on. Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
National Post
08-05-2025
- Business
- National Post
Cresco Labs Announces Rescheduling of First Quarter 2025 Earnings Release and Conference Call
Article content CHICAGO — Cresco Labs Inc. (CSE:CL) (OTCQX:CRLBF) (FSE: 6CQ) ('Cresco' or 'Company') today announced that the earnings call originally scheduled for May 9, 2025 will be postponed to provide additional time to complete procedures for the review of its first quarter interim financial statements. The Company will announce the rescheduled earnings call date once it has been determined but expects to host the earnings call and file its first quarter interim financial statements on or before the required filing date of May 30, 2025. Article content Article content 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 or following the Company on Facebook, X or LinkedIn. Article content This press release contains 'forward-looking information' 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 (collectively, 'forward-looking statements'). Such 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 statements can be identified by the use of forward-looking terminology such as, 'may,' 'will,' 'should,' 'could,' 'would,' 'expects,' 'plans,' 'anticipates,' 'believes,' 'estimates,' 'projects,' 'predicts,' 'potential' or 'continue' or the negative of those forms or other comparable terms. The Company's forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's 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's Annual Information Form for the year ended December 31, 2024, filed on SEDAR+ and EDGAR, 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's forward-looking statements. No assurances are given as to the future trading price or trading volumes of Cresco Labs' shares, nor as to the Company's 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's 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. Article content Article content Article content Article content Article content Contacts Article content Media press@ Article content Article content Article content
