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Fly News Breaks for December 20, 2019
CRLBF
Dec 20, 2019 | 08:38 EDT
Roth Capital analyst Scott Fortune initiated coverage of Cresco Labs with a Buy rating and C$12 price target. The company is executing on a consumer packaged goods strategy of branded products and wholesale distribution in 11 pro-forma states, Fortune tells investors in a research note. The analyst believes Cresco is on track to produce "robust" revenue growth, expanded margins, and "meaningful" profitability.