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March 3, 2020, 7:33 a.m. EST

Cresco Labs says President Joe Caltabiano is resigning with immediate effect

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By Ciara Linnane

Cresco Labs Inc. /zigman2/quotes/200392306/delayed CRLBF +3.68% /zigman2/quotes/205276242/delayed CA:CL +2.17% said Tuesday its president, Joe Caltabiano, is resigning with immediate effect. The Chicago-based cannabis company said Caltabiano's management duties will be taken up by Chief Executive and co-Founder Charlie Bachtell and other members of the company's leadership team. It did not offer any further details on the move. U.S.-listed shares were not active premarket, but have fallen 49% in the last 12 months, while the ETFMG Alternative Harvest ETF /zigman2/quotes/204332491/composite MJ +5.99% has fallen 62% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.24% has gained 10%.

/zigman2/quotes/200392306/delayed
US : U.S.: OTC
$ 10.29
+0.37 +3.68%
Volume: 677,352
Nov. 27, 2020 12:59p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$3.52 billion
Rev. per Employee
$91,810
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/zigman2/quotes/205276242/delayed
CA : Canadian Securities Exchange
$ 13.19
+0.28 +2.17%
Volume: 361,151
Nov. 27, 2020 3:57p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$4.57 billion
Rev. per Employee
$121,822
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/zigman2/quotes/204332491/composite
US : U.S.: NYSE Arca
$ 15.21
+0.86 +5.99%
Volume: 2.30M
Nov. 27, 2020 5:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,638.35
+8.70 +0.24%
Volume: 1.22B
Nov. 27, 2020 2:07p
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