Cresco Labs Stock Gains on Sale-and-Leaseback Agreement

Cresco Labs stock

Cresco Labs stock is moving up slightly after Cresco Labs Inc (CSE:CL) (OTCQX:CRLBF) reached a binding agreement to sell two properties to Innovative Industrial Properties (NYSE:IIPR) for $46.3 million.

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The whole cannabis industry might have gone through a bit of a downturn over the past few months, but most of the companies have continued to work on deals in order to further grow their businesses. In a new development, Cresco Labs announced today that it had reached an agreement with the cannabis-focused real estate investment trust Innovative Industrial Properties over two of its properties ...

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