Cresco Labs Inc. is trading 5.1% up now at $0.95 after announcing a new US$50 million revolving credit facility with Needham Bank, which boosts its liquidity and supports growth and acquisition plans.
- The move gives the company access to non-dilutive capital at a fixed 7.99% rate through August 2030.
- This facility improves financial flexibility and has likely lifted investor sentiment within a broadly positive equity market.