Everyone generally accepts what goes up eventually comes down. But the law of physics has nothing on the cannabis sector. The trend in the world of marijuana stocks has generally followed a slightly different pattern. When it comes to pot stocks, what goes up comes down, and then drops again. But every so often there is the exception that proves the rule. In this instance, that exception might just be Cresco Labs. The Chicago-based marijuana grower is setting its own trajectory. In 2020, the stock has gained about 31.5%. And the prospects in the near-term are for more of the same. Last week, Cresco Labs revealed its results, which further bolstered its stock, with a one-day gain of about 8%. The company posted an adjusted EBITDA of US$46.3 million.
Mmp News Author, Medical Marijuana Program Connection, 11/24/2020 06:38:25
Open article: https://mmpconnect.com/cresco-labs-proving-not-all-cannabis-stocks-are-sinking/