NEW YORK, March 12, 2019 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Cresco Labs Inc. (CSE: CL;OTCQX: CRLBF), one of the largest vertically integrated multistate cannabis operators in the United States, has qualified to trade on the OTCQX® Best Market.
Cresco Labs begins trading today on OTCQX under the symbol "CRLBF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"Cresco Labs, an Illinois-based cannabis company which completed a $100 million raise in 2018, now trades the OTCQX Best Market," said Jason Paltrowitz, Director of OTC Markets Group International Ltd. and EVP of Corporate Services at OTC Markets Group. "OTCQX standards enable investor-focused companies to demonstrate their financial qualifications and broaden distribution of their company information to U.S. investors. We are pleased to welcome Cresco Labs to OTCQX and look forward to supporting the company and its shareholders."
"We are excited to begin trading on the OTCQX Best Market," said Cresco Labs CEO and Co-founder Charlie Bachtell. "We are steadily working to improve access to our stock and increase our universe of potential investors, and trading on the OTCQX Best Market is very positive step for the company."
MCAP LLC acted as the company's OTCQX sponsor.
About Cresco Labs Inc.
Cresco Labs, based in Chicago, is a leading U.S. cannabis company with experienced management, access to capital and a demonstrated growth strategy. As a differentiated grower, processor and retailer of premium cannabis operating in seven states, the company focuses on entering highly regulated markets with outsized demand potential and high barriers to entry. Its impressive speed-to-market gives Cresco a distinct competitive advantage as it replicates its model to expand its national footprint. Cresco's proven ability to execute is complemented by a cutting-edge brand strategy spearheaded by several of the brightest minds in consumer marketing in the nation. Cresco's products are tailored to all major consumer segments: everyday cannabis, medicinally focused, connoisseur grade, and chef inspired edibles by James Beard Award-winning pastry chef Mindy Segal.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
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