Cresco Labs Announces the Opening of Sunnyside Schaumburg, Creating the Largest Retail and Cultivation Footprint in Illinois
Cresco achieved a record share of Illinois adult-use retail market in July
CHICAGO-August 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 the opening of Sunnyside Schaumburg, its ninth dispensary in the state, creating the largest retail footprint in Illinois. Sunnyside achieved its highest share ever of the reported $61 million July adult-use retail market. Cresco’s retail share of the adult-use market has almost doubled since January and now far exceeds its prorated share compared to the number of dispensaries it operates. Additionally, the Company’s wholesale business in Illinois continues to grow rapidly with sales to every dispensary across the state and the largest cultivation footprint.
We continue to grow our share of adult-use retail sales on the back of an excellent retail experience and expanded supply of premium flower. We are taking more share both at an individual store level and by opening more stores than any other operator in the state.
Charlie Bachtell, Cresco Labs’ CEO and Co-founder
With Sunnyside* Schaumburg opening today we operate nine dispensaries (eight adult-use) in Illinois, with a license for one more. Our substantial retail share is supported by our expanded cultivation facility, which has driven a consistent supply of premium flower into this capacity-constrained market.
This new Sunnyside dispensary is adjacent to the Woodfield Mall, the largest shopping mall and heart of one of the densest areas of stores, hotels, and restaurants in Illinois. The Woodfield Mall attracts more than 27 million visitors annually.
With more than 11,500 square feet of space and 20 points of sale, Sunnyside Schaumburg is Cresco’s largest dispensary in Illinois,