Cresco Labs Q1 Loss Widens
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Cresco Labs Inc. reported a wider net loss of $17.01 million for Q1, up from $15.23 million last year, attributed to decreased revenue. Adjusted EBITDA fell to $32.90 million from $36.23 million, while revenue declined to $151.32 million from $165.76 million. Despite the losses, shares in Munich rose by 0.77% to 0.9105 euro.
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