Cannabis Firm Cresco Labs Reports Mixed Q4, CEO Says Company Will ‘Strategically Deploy Capital To Create Growth’ In 2025
Cresco Labs Inc. (OTC:CRLBF) reported on Wednesday a fourth-quarter revenue of $175.91 million, down from $188.24 million a year ago, beating the consensus of $172.13 million.
Fourth quarter operating cash flow stood at $29 million, with free cash flow of $27 million.
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“In 2024, the team executed with discipline — streamlining operations, prioritizing profitability and generating record free cash flow,” said Charlie Bachtell,