Cresco Labs swings to a loss on $261 million non-cash charge
Published
Nov 11 2021 at 12:46 PM GMT
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- Cresco Labs Inc said Thursday it lost $263.45 million in the third quarter after reporting net income of $25.
- The cannabis company did not provide results on a per share basis.
- The quarter included a non-cash impairment charge of $291 million related to a strategic shift in its California operations.
- Revenue rose to $215.5 million from $153.
- 3 million in the year-ago quarter, and ahead of the $210 million revenue figure in the second quarter.
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- Published Nov 11, 2021 12:46 PM GMT