Cresco Labs Inc. /zigman2/quotes/200392306/composite CRLBF +1.38% /zigman2/quotes/205276242/delayed CA:CL +1.25% said Thursday it has raised $50 million in a sale-and-leaseback deal of its Lincoln, Illinois facility with GreenAcreage Real Estate Corp. The agreement, which will not dilute its shares, will allow the company to operate the property as a licensed medical and recreational cannabis grow facility in time for the full legalization of adult-use cannabis in Illinois in January. That market is expected to reach $2 billion to $4 billion in sales once it reaches maturity. Cresco had cash and cash equivalents of $73.7 million at the end of the third quarter, along with a working capital position of $144.6 million and zero debt. It has already entered a sale-and-leaseback agreement for its Marshall, Michigan and Yellow Springs, Ohio facilities for $38 million. U.S.-listed shares were not active premarket, but have fallen 11% in 2019, while the ETFMG Alternative Harvest ETF /zigman2/quotes/204332491/composite MJ -0.52% has fallen 32% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.64% has gained 25%.