October 21, 2021

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Wicked Real Estate

Cresco Labs Announces Opening of Sunnyside Philadelphia, Its Fourth Dispensary in Pennsylvania and 33rd Running U.S. Retailer

4 min read

CHICAGO–(Company WIRE)–Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco or “the Company”), a vertically built-in multistate operator and the variety a person U.S. wholesaler of branded cannabis items, introduced nowadays the opening of Sunnyside Philadelphia, its fourth dispensary in Pennsylvania. The health-related-only hashish shop is situated at 1221 Chestnut St. in Philadelphia. It is in the former historic Cathay Tea Backyard Cafe setting up which is centrally found and techniques absent from the coronary heart of downtown. Cresco’s other Sunnyside dispensaries are in Butler, Pittsburgh and New Kensington.

“I commend our Retail, Genuine Estate and Neighborhood Integration groups for their outstanding perform in the opening of an additional Sunnyside spot that will assist develop our existence in the sixth biggest U.S. town,” said Charlie Bachtell, Cresco Labs’ CEO and Co-Founder. “Our Sunnyside retail system continues to outpace field averages on for each retail outlet retail metrics thanks to our teams’ capability to open in the best places, protected an array of merchandise to provide a breadth of client needs, and provide an superb shopper expertise. We’re delighted to start off bringing the Sunnyside retail expertise to health-related sufferers in downtown Philadelphia.”

Sunnyside Philadelphia will attribute 10 points of sale with more than 5,500 square ft of place and an array of medical cannabis products and solutions shown by form and operate. Sufferers can area on the web orders, search live inventory as a result of Sunnyside.shop and pick up orders in-store the exact day.

In addition to its retail network in Pennsylvania, Cresco Labs continues to distribute its portfolio of branded products and solutions to 100% of dispensaries throughout the state.

Sunnyside Philadelphia’s retailer hours are 9:00 AM to 6:00 PM Sunday by way of Thursday and 9:00 AM to 7:00 p.m. Friday and Saturday.

About Cresco Labs Inc.

Cresco Labs is 1 of the premier vertically integrated multistate hashish operators in the United States, with a mission to normalize and professionalize the hashish field. Utilizing a customer-packaged merchandise (“CPG”) approach, Cresco Labs is the premier wholesaler of branded cannabis items in the U.S. Its brands are created to meet the demands of all buyer segments and comprised of some of the most regarded and reliable nationwide models including Cresco, Significant Supply, Mindy’s Edibles, Good Information, Remedi, Question Wellness Co. and FloraCal Farms. Sunnyside, Cresco Labs’ national dispensary brand, is a wellness-concentrated retailer developed to develop trust, education and learning and convenience for both present and new cannabis customers. Recognizing that the hashish sector is poised to become just one of the primary position creators in the region, Cresco Labs operates the industry’s greatest Social Equity and Academic Advancement initiative, SEED, which was proven to assure that all members of modern society have the abilities, expertise and possibility to operate and very own companies in the hashish field. Understand extra about Cresco Labs at www.crescolabs.com.

Ahead Seeking Statements

This press release is made up of “forward-hunting information” inside the indicating of applicable Canadian securities legislation and might also have statements that may perhaps constitute “forward-wanting statements” in the that means of the safe and sound harbor provisions of the United States Private Securities Litigation Reform Act of 1995. This kind of ahead-looking facts and forward-wanting statements are not agent of historical info or information or existing issue, but in its place represent only the Company’s beliefs with regards to upcoming situations, strategies or aims, several of which, by their nature, are inherently unsure and outdoors of the Company’s handle. Generally, this sort of forward-looking details or ahead-on the lookout statements can be identified by the use of ahead-looking terminology such as, ‘may,’ ‘will,’ ‘should,’ ‘could,’ ‘would,’ ‘expects,’ ‘plans,’ ‘anticipates,’ ‘believes,’ ‘estimates,’ ‘projects,’ ‘predicts,’ ‘potential’ or ‘continue’ or the detrimental of individuals sorts or other comparable terms. The Company’s ahead-hunting statements contain known and unknown threats, uncertainties and other factors which may well bring about the Company’s genuine results, performance or achievements to be materially diverse from any potential benefits, functionality or achievements expressed or implied by the forward-on the lookout statements, which include but not limited to those pitfalls talked about below “Risk Factors” in the Company’s Once-a-year Information Variety for the 12 months finished December 31, 2020 submitted on March 26, 2021, and other documents filed by the Corporation with Canadian securities regulatory authorities and other aspects, many of which are further than the command of the Enterprise. Visitors are cautioned that the foregoing listing of elements is not exhaustive. Mainly because of these uncertainties, you must not location undue reliance on the Company’s forward-searching statements. No assurances are given as to the long term buying and selling price tag or trading volumes of Cresco Labs’ shares, nor as to the Company’s economic effectiveness in potential financial durations. The Company does not intend to update any of these factors or to publicly announce the consequence of any revisions to any of the Company’s ahead-searching statements contained herein, whether as a result of new information and facts, any long term function or normally. Apart from as in any other case indicated, this push release speaks as of the day hereof. The distribution of this press release does not imply that there has been no alter in the affairs of the Corporation immediately after the date hereof or build any responsibility or determination to update or dietary supplement any details supplied in this press release or normally.

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