Cresco Labs Files Shelf Registration for Up to $1 Billion in Financing

Eric Volkman, The Motley Fool
·2-min read
Cresco Labs Files Shelf Registration for Up to $1 Billion in Financing

Cresco Labs (OTC: CRLBF), the ambitious multi-state operator (MSO) headquartered in Illinois, is gearing up to raise a boatload of cash. The marijuana company intends to issue up to $1 billion in new securities, it revealed in a shelf registration statement filed on Monday. In its Monday filing, Cresco wrote that it might issue one, some, or all of several different types of funding instruments, including subordinate voting shares (possibly combined with warrants) and debt securities.