Man Who Called Nvidia at $1.10 Says Buy This Now...
In 2004, a man predicted Nvidia's rise. Now, he says a new company, which IPO'd in 2023, could soar like Nvidia. It signed a major deal with Apple for its AI tech in iPhones and iMacs. Could it be the next trillion-dollar company? See why he believes it's among "The Next Magnificent Seven."
About Cresco Labs Inc
Cresco Labs Inc., together with its subsidiaries, cultivates, manufactures, and sells medical cannabis and medical cannabis products in the United States. It offers cannabis in flowers, live concentrates, and liquid live resins under the Cresco and Reserve brands; soft gels, tinctures, and lotions under the Remedi brand; gummies, fruit chews, hard sweets, and chocolates under the Mindy's brand; and vape pens, popcorn, shake, pre-rolls, and shorties under High supply brand. It operates 22 dispensaries in Illinois, Pennsylvania, Ohio, California, Nevada, Arizona, Massachusetts, and New York. The company is headquartered in Chicago, Illinois.
General
Name | Cresco Labs Inc |
Ticker | CRLBF |
Exchange | OTCQX |
Sector | Healthcare |
Industry | Drug Manufacturers-Specialty & Generic |
Currency | USD |
Country | USA |
Fiscal Year End | December |
Full Time Employees | 2,000 |
Highlights
Analyst Target | 16.99 |
Market Cap | 2,975,706,368 |
EBITDA | 52,780,000 |
Share Stats
Shares Outstanding | 177,204,000 |
Shares Float | 107,510,674 |
Insider Holdings | 178% |
Institution Holdings | 2.59% |
Highlights
Analyst Target | 16.99 |
Market Cap | 2,975,706,368 |
EBITDA | 52,780,000 |
Valuation
Price/Sales (Trailing 12 Mt.) | 8.40 |
Price/Book (Most Recent Quarter) | 5.62 |
Earnings
Vance Vs. Walz: Flash Poll Picks This Candidate As Tuesday's Debate Winner, But He Falls Short In Favorability Rating
The vice presidential debate was far from being confrontational and the two sides avoided personal attacks and deliberated mainly on policies.
Court throws out manslaughter charge against clerk in Detroit gas station shooting
DETROIT (AP) — The Michigan Court of Appeals threw out a manslaughter charge against a Detroit gas station clerk who locked the door before an , killing one.
Why We Just Sold Half of Our Stocks - Ad
We've already sold all or part of 52 different stocks this year - more than any other period in our firms' history. That's because there are five cracks forming below this market that threaten us with a widespread collapse. We could see the market tumble by 50% and unemployment will triple.
Vista, Blackstone buying software maker Smartsheet for about $8.4 billion
Private equity firms Vista Equity Partners and Blackstone are buying software maker Smartsheet for approximately $8.4 billion in cash.
Ex-Microsoft CEO And Billionaire Steve Ballmer Says He Gets 'Most Important Stuff' From Elon Musk's X: 'I Wanna Know Straight From The Source'
Steve Ballmer, the former CEO of Microsoft and current owner of the Los Angeles Clippers, has declared Elon Musk-owned social media platform X as his go-to source for news.
Jeff Bezos Just Humiliated Elon Musk - Ad
Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet...but in the next 6 months that's all they'll talk about.
Cathie Wood's Ark Invest Dumps Palantir Shares Amidst S&P 500 Inclusion And Extended AI Alliance
Cathie Wood's Ark Invest sold shares of Palantir on the day the company was included in the &P500. The sale came also as Palantir announced a multi million dollar extension of its deal with APA Corp on Sept. 25, 2024.
Top 3 Tech Stocks That Are Ticking Portfolio Bombs
Three stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
Could Elon Musk's New Device Save Us from A.I. Apocalypse? - Ad
A strange new era for mankind is upon us... And it's all thanks to Elon Musk's latest creation. So he invented this strange new device to protect us against that A.I. threat. See this strange device you could be wearing some day.
Mother Sells Taylor Swift Tickets Over Star's Endorsement Of Kamala Harris: 'I'm Gonna Shake It Off, And I'm Done With You'
A mother has chosen to sell the Taylor Swift concert tickets she had bought as a birthday present for her daughter in response to the pop star's recent endorsement of Kamala Harris.
Boeing makes a 'best and final offer' to striking union workers
Boeing said Monday it made a “best and final offer” to that includes bigger raises and larger bonuses than a proposed contract that was .
AI's "iPhone Moment" - Ad
Apple is making a major move. And what they're doing could be bigger than the launch of the first iPhone. Destroying and creating fortunes in the process.
Home cookin': Diners skipping restaurants and making more meals at home as inflation trend inverts
NEW YORK (AP) — Eating in is in and eating out is out.
Elon Musk Comments On Why They Want To Kill Trump, DeSantis Promises Florida's Own Probe
A second assassination attempt on Donald Trump was foiled by the U.S. Secret Service while he was golfing in Florida, with political figures from both parties condemning the incident and reaffirming the importance of denouncing political violence.
50-Year Wall Street Legend: "Prepare for an Election Surprise" - Ad
During his 50 years on Wall Street, legendary stockpicker traded through 13 presidential elections. Today, he is stepping forward to warn of a critical market shift that could blindside millions of Americans before Election Day.
Safety board says pedals pilots use to steer Boeing Max jets on runways can get stuck
WASHINGTON (AP) — Safety investigators are making “urgent” recommendations to Boeing and the Federal Aviation Administration after determining pedals that pilots use to steer 737 Max jetliners on runways can become jammed because moisture can leak into a rudder assembly and freeze.
Mark Zuckerberg Says, Orion 'Is Probably Going To Be The Next Major Platform After Phones' â Meta's New AR Wearables Real-Life Tony Stark Glasses In The Making?
In an interview with YouTuber Cleo Abram, Meta CEO Mark Zuckerberg described the Orion AR Glasses as the first-ever full holographic augmented reality glasses, developed over a decade, which he believes will become the next major computing platform after smartphones.
My No. 1 Oil Play for 2024 - Ad
Do you own oil and gas stocks? Or are you thinking about buying some? If so, you need to see my #1 oil play for 2024. But it's NOT oil stocks, futures, or anything you've likely heard about. Rather, it's an unusual way to potentially bank monthly income from the oil and gas markets.
Fed's favored inflation gauge shows cooling price pressures, clearing way for more rate cuts
WASHINGTON (AP) — The Federal Reserve's preferred inflation measure on Friday provided the latest sign that price pressures are easing, a trend that is expected to fuel further Fed interest rate cuts this year and next.
Canoo Expands Globally With UK Launch, Establishes Activation Center At Historic Bicester Motion
Canoo revealed its official entry into the U.K. market by establishing Canoo Technologies UK Limited, representing a key milestone in the company's global expansion strategy.
Buffett's Big A.I. Secret (Handle With Care) - Ad
A.I. is the talk of the town...But here's what they're NOT telling you. Former investment banking V.P. Ross Givens is letting the cat out of the bag. He's leaking a revolutionary new development, which changes everything. It will kick off A.I.'s massive second wave.
Officials warn that EVs could catch fire if inundated with saltwater from Hurricane Helene
Electric vehicles can catch fire if they are inundated by saltwater, so owners who live in the path of a major storm like Hurricane Helene should take precautions and prepare for the possibility that they'll be unable to charge their cars during a power outage.
New Jersey hits pause on an offshore wind farm that can't find turbine blades
TRENTON, N.J. (AP) — New Jersey Wednesday on an offshore wind energy project that is having a hard time finding someone to manufacture blades for its turbines.
Oil = Monthly Income - Ad
Right now, there's an unusual $25 way to collect MONTHLY income from the oil markets. It's not a stock, bond, or anything you've likely heard about... But it's by far my #1 investment opportunity for 2024.
Australian police infiltrate encrypted messaging app Ghost and arrest dozens
MELBOURNE, Australia (AP) — Australian police said Wednesday they have infiltrated , an encrypted global communications app developed for criminals, leading to dozens of arrests.
PayPal Steps Up Crypto Game, Allows US Merchants To Buy, Sell, And Hold Digital Assets
Payments giant PayPal Holdings Inc. (NASDAQ:PYPL) unveiled its plan to extend cryptocurrency services to U.S. business account holders, with the exception of New York State.
Seven Unknown AI Stocks That Could Dominate the Next Six Years - Ad
The original "Magnificent Seven" stocks generated 16,800% over the last 20 years. But now a new set of AI stocks is set to take over. Alex Green dubs them "The Next Magnificent Seven." And he's arguing that just $1,000 in each could turn into more than $1 million in less than six years.
Safaricom, Mastercard Team Up To Supercharge Cross-Border Payments And Merchant Growth In Kenya
Mastercard and Safaricom have partnered to enhance payment acceptance and streamline cross-border remittances for over 636,000 Kenyan merchants.
Speaker Johnson lays out agenda for Republicans as they fight to hold House majority
WASHINGTON (AP) — Speaker laid out on Tuesday a policy agenda should Republicans take the majority next year that extends the tax cuts approved when was president, reduces the size of the federal workforce and gives parents more choice on where they can send their children to school.
Do NOT Buy Nvidia, Apple, Microsoft, Meta, Tesla, or ANY Major Tech Stock... - Ad
31 billionaires (including: Warren Buffett, Elon Musk, Jeff Bezos, and more) are quietly unloading shares of their OWN stocks at RECORD pace... But why? Wall Street legend Eric Fry says it's because, soon: "America's most popular stocks like Nvidia, Apple, Meta, Tesla, and thousands more... are set to come plummeting back to Earth." Erasing YEARS of investor profits... Sparking a $17 trillion PANIC on Wall Street...
Fortescue Announces $2.8B Electrification Deal, Chairman Claims 'Future Is Zero Emissions'
Fortescue Metals invests $2.8 billion in fleet electrification, firmly committed to green transition goals. This move sets them apart from competitors.
US-China research has given Beijing's military technology a boost, House GOP says
WASHINGTON (AP) — Partnerships between the U.S. and China at universities over the past decade have allowed hundreds of millions of dollars in federal funding to aid Beijing in developing critical technology that could be used for military purposes, congressional Republicans asserted in a new report.
My No. 1 Crypto of 2024 -- "Crypto Royalties" - Ad
I just revealed my #1 way to profit from crypto in 2024 and you can get started with just $100.I promise you it's not buying Bitcoin, Ethereum, or any other coin you may have heard of. Instead it's a "hidden" way to potentially bank big monthly income from the crypto markets.
Invitation Homes agrees to pay $48 million to settle claims it saddled tenants with hidden fees
The nation’s largest owner of single-family homes for rent has agreed to pay $48 million to settle claims by the Federal Trade Commission that it reaped millions of dollars via deceptive business practices, including forcing tenants to pay undisclosed fees on top of their monthly rent.
Jeep urges 194,000 plug-in hybrid SUV owners to stop charging and park outdoors due to fire risk
DETROIT (AP) — Jeep is recalling more than 194,000 plug-in hybrid SUVs worldwide because they can catch fire with the ignition turned off.
Buffett, Bloomberg, & 48 Congress Members Are Buying 1 Sector - Ad
Why are Warren Buffett, Jeff Bezos, Michael Bloomberg, "The Walmart Family", Bill Gates, and 48 members of Congress shifting their stocks in a frenzy? And why are they all piling into ONE unique corner of the market... The last time we saw the world's wealthiest investors move their cash into this corner of the market, Stocks exploded 2,020%, 5,609% Even as high as 8,437% in just ONE year. Now, it's all happening again.
Chuck Schumer Slams Trump's 'Poison Pill' Efforts As Congressional Leaders Agree On Temporary Funding Deal: 'Clearly He Doesn't Care'
Chuck Schumer has criticized former President Donald Trump for spending a month encouraging the House GOP to shut down the government
Iran Attacks Israel With Missiles, Middle East Tensions Escalates: S&P 500, Stocks, Bitcoin Fall As Oil, Gold Rise
On Tuesday, Iran launched a missile attack against Israel following the recent killing of Hezbollah leader Hassan Nasrallah. The strike occurred after the United States warned that an attack in the region was imminent.
10X More Profitable Than Physical Gold? - Ad
There's a backdoor gold play that could deliver 10 TIMES bigger gains than physical gold. In fact, this single investment has outperformed gold by 10-to-1 over the past 25 years... and FAR outperformed most gold stocks
Ports seek order to force dockworkers to bargaining table as strike looms at East and Gulf ports
DETROIT (AP) — With a , the group representing East and Gulf Coast ports is asking a federal agency to make the Longshoremen's union come to the bargaining table to negotiate a new contract.
Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.