Cresco Labs Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 186.93 million compared to USD 206.43 million a year ago. Net loss was USD 115.57 million compared to USD 9.79 million a year ago. Basic loss per share from continuing operations was USD 0.34 compared to USD 0.03 a year ago.
For the nine months, sales was USD 571.04 million compared to USD 629.12 million a year ago. Net loss was USD 178.16 million compared to USD 50.71 million a year ago. Basic loss per share from continuing operations was USD 0.56 compared to USD 0.17 a year ago.