Cresco Stock Erases Early Gains Despite Solid Quarterly Earnings

Cresco stock

Cresco stock is showing higher volatility this morning and turned 4% lower after rising earlier in the opening session. Investors are reacting negatively despite solid earnings from Cresco Labs (CSE:CL) (OTCQX:CRLBF).

Impressive Results

At the turn of the year, many cannabis stocks reached remarkable heights as they got ready to take their businesses to the new level, and one of those was Cresco Labs. By the time April ended, CRLBF stock gained as much as 90% due to the general optimism about the company’s business. However, since then, Cresco stock has given up 24% of its ...

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