Cresco Labs reports the successful completion of its equity issuance

XDATA – September 30th 2014

cresco lab Cresco Labs placed $4 million worth of securities as part of a non-brokered equity financing round. The placement, which started a couple of months ago, lured a total of eleven subscribers. No offering was previously initiated by the company under a registration exemption with the SEC.

Cresco Labs develops a state-of-the-art, highly secure medical marijuana facility to provide quality, standardized medical products for Illinois medical patients.

The company was registered in 2013 and has its headquarters located in Chicago IL. Cresco Labs elected to keep its revenues undisclosed.
The executive team includes Dominic A. Sergi and Kayvan Khalatbari.

Offering recap
Status: Completed
Company: Cresco Labs
Industry: Agriculture
Amount offered: $4 million
Amount placed: $4 million
First sale: 07-21-2014
Data as of: 09-30-2014

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One comment

  1. Pingback: Week in Review: Illinois a Launchpad for MJ Companies With Eye on National Expansion : Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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