Mr. Jason Erkes reports
CRESCO LABS ANNOUNCES HOPE HEAL HEALTH'S PROVISIONAL APPROVAL FOR ADULT-USE CANNABIS LICENSES AT HOPE HEAL HEALTH DISPENSARY IN BRISTOL COUNTY, MASSACHUSETTS
Labs Inc. partner Hope Heal Health Inc.'s
(HHH) cultivation facility and dispensary in Fall River,
Mass., has received provisional approvals for adult-use cannabis
cultivation, manufacturing and retail licences. Cresco Labs entered
into a definitive merger agreement with HHH for its Massachusetts
cultivation, manufacturing, processing and dispensary operations at the
end of 2018. An application for approval of the merger will be submitted
to the Massachusetts Cannabis Control Commission and the change of
control of HHH is subject to such approval.
The Fall River dispensary is currently approved for medical-use cannabis
sales and offers medical-grade vape cartridges, edibles, tinctures,
topicals, concentrates and flower. Upon completion of inspections and
other final steps in the licensing process, the Fall River dispensary
expects to begin selling cannabis products for adult use in 60 days to 90 days.
"The receipt of this provisional adult-use licenses for HHH's Fall River
dispensary is another example of our strategic business approach to
partner with professional and responsible operators," said Cresco Labs
chief executive officer and co-founder Charlie Bachtell. "With only 15 adult-use cannabis
dispensaries currently open in Massachusetts, we anticipate that there
will be strong demand in the Fall River dispensary given the robust
growth being seen in this market. The receipt of the adult-use licences
is well timed with the first medical pilot harvest coming in from the
HHH cultivation facility in Fall River. The harvest will provide the
dispensary with superior quality cannabis to meet the volume of sales
that we expect going forward."
The HHH dispensary, located at 1 West Street in Fall River, Mass., is open
daily from 10 a.m. to 7 p.m. For more information, call 774-377-9333.
About Cresco Labs Inc.
Cresco Labs, based in Chicago, is a leading United States cannabis company with
experienced management, access to capital and a demonstrated growth
strategy. As a differentiated grower, processor and retailer of premium
cannabis operating across the United States, the company focuses on
entering highly regulated markets with outsized demand potential and
strong regulatory structures. Its impressive speed to market gives
Cresco a distinct competitive advantage as it replicates its model to
expand its national footprint. Cresco's proven ability to execute is
complemented by a cutting-edge brand strategy spearheaded by several of
the brightest minds in consumer marketing in the nation.
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