Cresco Labs Granted Final State Approval to Open the First Adult-use Dispensary in Downtown Chicago
Sunnyside River North will open soon for online sales
CHICAGO, April 06, 2020-(BUSINESS WIRE)–Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or “the Company”), one of the largest vertically integrated multistate cannabis operators in the United States, announced today that it received an adult-use dispensing organization license from the Illinois Department of Financial Regulation for its dispensary located at 436 N. Clark Street in the prestigious River North neighborhood of Chicago. Sunnyside River North (the “Dispensary”) will soon begin adult-use cannabis sales online for pick up through a pop-up retail experience. As part of the procedures they’ve implemented system-wide to eliminate wait lines, crowding and follow social distancing guidelines during the COVID-19 pandemic, the Dispensary will operate with online orders only through Sunnyside.shop. Once customers receive a notification that their order is ready, they can visit the store at staggered times for order pick up. Normal store hours will be 10:00 AM to 9:00 PM daily, seven days a week.
The Dispensary is located in the former home of the iconic Baton Club, right at the heart of one of the most dynamic downtown neighborhoods of Chicago. River North is home to hotels, restaurants, a variety of nightlife options as well as residential buildings, offering retailers in the area consistent foot traffic day and night. The area touches the Loop and the Magnificent Mile on North Michigan Avenue, which is Chicago’s premier commercial district and a destination point for Chicago’s 58 million visitors annually1. As the first recreational only cannabis store to open in the city, Cresco’s River North location will be ideally positioned to act as both a driver of retail results as well as a brand showcase for the Company.