The Non-Executive of Cresco Labs (CRLBF) is Selling Shares


Yesterday, the Non-Executive of Cresco Labs (CRLBF), Dominic Anthony Sergi, sold shares of CRLBF for $8.19M.

Following Dominic Anthony Sergi’s last CRLBF Sell transaction on October 01, 2019, the stock climbed by 4.4%. In addition to Dominic Anthony Sergi, 5 other CRLBF executives reported Sell trades in the last month.

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Based on Cresco Labs’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $153 million and GAAP net loss of -$7,459,000. In comparison, last year the company earned revenue of $36.21 million and had a GAAP net loss of $6.96 million. The company has a one-year high of $10.78 and a one-year low of $1.94. The Company has a Price to Book ratio of 9.40.

Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $14.61, reflecting a -31.1% downside.

In the last 30 days, insiders have sold $36.2M worth of CRLBF shares and purchased $99.29K worth of CRLBF shares. The insider sentiment on Cresco Labs has been negative according to 21 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Dominic Anthony Sergi’s trades have generated a -4.7% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Cresco Labs Inc is a Canada based company engaged in the production and sale of cannabis. The company distribute its products to dispensaries nationwide, including several dispensaries owned and operated by its team. Its product includes Reserve, Remedi, Mindy’s. All the revenues of the company were generated in the United States. It has ownership interests in Illinois, Pennsylvania, Ohio, California, Maryland, and Arizona.

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