Cresco Labs Opens Yellow Springs Cultivation Facility and Shows Off Newly Planted Crop Of Medical Marijuana
Yellow Springs, OH, October 8, 2018 — Just three weeks after being awarded their certificate of operation from the State of Ohio, Cresco Labs showcased their crop of plants today during a ribbon cutting ceremony and tour of their large-scale medical marijuana cultivation facility. The company will grow nearly 30 unique strains of marijuana which will be sold at dispensaries across the state.
We’re happy to be fully operational here in Ohio and one step closer to providing relief to patients suffering from a variety of medical conditions. We look forward to bringing awareness about this program and to helping eliminate the age-old stigma associated with marijuana – we want it to just be called medicine.
At the Yellow Springs facility, visitors saw a climate-controlled vegetation room with vertical metal racks containing clones, transplanted cubes and potted marijuana plants. As clones are placed to cubes they are tagged with a unique barcode to track their lifecycle seed to sale.
Cresco Labs grow facility is a state-of-the-art hybrid greenhouse with an energy efficient design designed to maximize the cultivation power of the sun and reduce the carbon footprint that typically results from sole indoor agriculture. Based in Chicago, Cresco Labs operates in six states making them the largest operator in Ohio.
The company will offer a full suite of pharmaceutical-grade products in Ohio that provide patients with consistent, controlled dosage. Their brands (Cresco, Remedi, Reserve and Mindy’s Edibles, an infused edible line with James Beard Award-winning chef Mindy Segal) include flower, edibles, vape pens/cartridges and multiple forms of medication delivery including oral sprays, pills, and transdermal patches. Cresco plans for these products to be available at dispensaries across Ohio in early January to patients who have been physician-certified to have any of the 22 approved medical conditions.
“The state of Ohio has done a great job keeping things moving forward with the launch of this program,” Bachtell added. “It’s not only a new program but still a relatively new industry and they are being very thorough in making sure everything is done right, which will ultimately benefit the patients.”
Participating in the ribbon cutting were Yellow Springs Mayor Pam Conine, Village President Brian Housh and Chamber of Commerce Executive Director Karen Wintrow. Ohio State Representative Rick Perales and State Senator Bob Hackett also joined Cresco Labs CEO Charlie Bachtell and President Joe Caltabiano.
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Cresco Labs Presents At Chicago Booth Entrepreneurial Roundtable
CHICAGO, Aug. 14, 2018
Midwest-based cannabis company Cresco Labs was a featured presenter this week at the Chicago Booth Entrepreneurial Roundtable. Charlie Bachtell, CEO of Cresco Labs, lectured to student leaders, aspiring business owners, and educational subject matter experts.
As CEO one of the fastest growing cannabis companies in the United States, Bachtell provided valuable insight to the audience about the fast-paced environment and the direction the cannabis industry is headed. The company has recently received national media and investor attention with the announcement of their multi-market expansion. Their brands (Cresco, Remedi, Reserve and Mindy’s Edibles, an infused edible line with James Beard Award-Winning Chef Mindy Segal) provide a full suite of products including flower, edibles, vape pens/cartridges, and multiple forms of extracts catering to all consumers, from the novice to connoisseur and medically-minded to recreational user.
“It was an honor to speak at such a prestigious institution and I was happy to share our success in product development, financing, and working in a highly-regulated industry,” said Charlie Bachtell. “We hope to continue this partnership and provide value to future programs.”
The Booth Entrepreneurial Roundtable provides educational programs for business owners, advisors, and those considering acquiring or starting a business. Cresco Labs was invited to speak at the prestigious program due to their unparalleled achievements in the medical marijuana industry. Recent success include winning licenses through highly-competitive state application processes, new product development, and acquiring interest for expansion in to new markets.
Based on consumer footprint, Cresco Labs is currently the largest cannabis operator in the US with vertically integrated business in six states. The company has a core value of educating consumers while trying to eliminate the stigma associated with marijuana. The company is currently seeking additional investment.
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Cresco Labs Expands Executive Leadership Team
(Chicago, IL) With new markets planned to launch in the next two quarters, Illinois-based Cresco Labs continues to expand their executive team bringing on seasoned professionals from major healthcare and pharmaceutical companies. The addition of their General Counsel with a decade at Stericycle, a Senior VP of Operations from Abbott Labs, and a VP of Supply Chain from Inventus Power appropriately aligns them as a leader in the rapidly growing cannabis industry.
Cresco Labs continues to build our executive team with top talent that has proven track records as we prepare to launch in several new markets across the country. We are bringing a high level of leadership and expertise to this industry as we can continue to provide the quality products our peers and patients expect.
Stericycle veteran John Schetz joins Cresco as General Counsel. John combines experience in multiple industries including working at a large law firm and a multinational public company. John spent ten years at Stericycle, where he most recently he served as the EVP and General Counsel. In that role, he advised the CEO leading all aspects of a $2.3B acquisition. Prior to that, John worked as the Senior Counsel and Vice President at Stericycle. Prior to that, John spent eight years as the Partner of Corporate development at McDermott Will & Emery LLP. He received his undergraduate and law degrees from the University of Michigan in Ann Arbor.
With nearly 20 years of manufacturing, quality, and project management experience. Joe Ales joins Cresco as Senior Vice President of Operations. Joe has a proven track record of leadership and expertise in managing world class, lean, and scalable operations globally. Prior to joining Cresco Labs, Joe had various leadership roles at Abbott Labs and AbbVie. He ended his tenor at AbbVie as the Corporate Quality Manager responsible for maintaining the global product specification and global quality system documents for all of AbbVie’s products worldwide, supporting 13 global manufacturing plants and 57 affiliates. Joe holds a Bachelor of Arts in Biology and Project Management Professional (PMP) Certification.
Jim Amend joins Cresco as the Vice President of Supply Chain. In this role, Jim will provide the leadership to create a world class supply base and the development of organizational procurement strategy. Prior to joining Cresco, Jim was the Vice President of Global Supply Chain for Inventus Power where he provided strategic control for the vertically integrated manufacturer with six production facilities supporting over $420 million in revenue and over 2,000 employees. He earned his Master’s in Business Administration (MBA) in Operations Management from DePaul University and his Bachelor of Science in Industrial Engineering from Iowa State University.
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CRESCO LABS FIRST TO BREAK GROUND ON OHIO MEDICAL MARIJUANA CULTIVATION FACILITY
(Yellow Springs, OH) A milestone in Ohio’s Medical Marijuana industry was set today as Cresco Labs was the first to break ground on their cultivation facility in Yellow Springs. Cresco will develop a 50,000-square foot environmentally-sound greenhouse that will grow and harvest condition-specific strains of medical marijuana that will be available in dispensaries to physician-certified patients across the state by June.
Cresco was awarded a Level 1 cultivation license by the Ohio Department of Commerce just two weeks ago and says they are focused on being one of the first companies to provide relief to qualified patients across the state. After achieving the top three cultivation application scores in Illinois and the second highest score in Pennsylvania, Cresco is proud to again rank in the top ten in this very competitive and thorough licensing process in the state of Ohio.
“We’re excited to be the first to break ground and move one step closer to providing relief to patients across the state,” said Charles Bachtell, CEO of Cresco Labs. “This is the launch of the most thoughtful and balanced regulated medical marijuana program in the country – the result of a truly engaged government that cared about getting it right for its citizens, a community that embraced being a part of this project and a company that puts patients first and is setting the standard for how this industry develops. We are all celebrating today.”
Cresco Labs is a leading innovator in the development of pharmaceutical-grade, dose-regulated medical cannabis products across the country. They have also applied for a dispensary license and will apply for a processing license which, through industry-leading extraction methods, will produce pharmaceutical-grade oral sprays, sublingual and digestible tablets, transdermal patches and other forms of cannabis oil to provide users with numerous consistent, controlled-dosage consumption methods.
“Medical cannabis is a great fit for Yellow Springs as it combines our local strengths and values of agriculture, wellness and a progressive approach to medicine,” said Karen Wintrow, Yellow Springs Village Council President. “We look forward to working with Cresco as they build and staff their new facility and know they will be a valued contributor to the quality of life in Yellow Springs with jobs and community support.”
Cresco has designed and will build a Modern Hybrid-Greenhouse designed to maximize the cultivation power of the sun and reduce the carbon footprint typically seen in indoor agriculture. The facility will also use Geo-thermal heating and cooling elements, LED lighting and 85% of its energy will be from renewable energy sources.
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Culinary Evolution – Partnering with Award Winning Chef To Create Edibles Line
Award-Winning Chef Launches Marijuana Edible Products
(December 7, 2015) Illinois medical marijuana patients will soon have a line of decadent chef-crafted products to choose from with the announcement of James Beard Award-Winning Chef Mindy Segal’s new edible line. Segal, owner of Chicago’s acclaimed Hot Chocolate Restaurant, is the first high profile, award-winning celebrity chef to attach her personal brand to products in the cannabis industry.
Segal is partnering with Cresco Labs, Illinois largest cannabis cultivator, to produce the products. They plan for the line of infused products to be available for distribution beginning in late February with a variety of delicious and accurately dosed edibles. Her initial products will include a line of chocolate brittle bars, a line of infused granola bites, an infused chocolate drink that is intended to be warmed to enhance the soothing effects, and a ready-made mix with do-it-yourself instructions.
“We’ve all heard the expression ‘it tastes like medicine’ but there’s no reason it has to,” Segal said. “With my recipes and Cresco’s technology, we’re developing this line of products to be consistent every time and absolutely enjoyable to eat,” she added.
Segal loathes the term “celebrity chef”, but has become one anyway by the sheer originality of her work. From Martha Stewart to Oprah and GQ to the New York Times, she has made hundreds of media appearances consistently being recognized as the top of her field. In 2012, Segal was awarded the prestigious James Beard Foundation Award for Outstanding Pastry Chef in the Country and has been nominated for this category five times prior. She published her first cookbook, Cookie Love, in 2015 followed by a coast-to-coast media and book signing tour.
Giving back has always been on Mindy’s menu. She has been active in the Greater Food Depository, Community Kitchens and Charlie Trotter’s Culinary Education Foundation. Mindy is now giving back to those suffering from chronic conditions by reinventing the marijuana-infused sweets industry.
“Having someone with Mindy’s name brand and credibility enter the cannabis industry says a lot about where this industry is headed,” said Charles Bachtell, Cresco Labs Founder. Mindy’s edible products will be available at licensed dispensaries across Illinois for patients approved with nearly 40 medical conditions. Distribution agreements will soon have the branded products produced and available for purchase in five additional states.
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$1MM Illinois Patient Education Campaign Announced
CHICAGO, Oct. 1, 2015 /PRNewswire/ — Illinois’ largest approved grower of medical marijuana announced aggressive plans Wednesday for a multi-tiered marketing campaign designed to educate potential patients and provide them the tools needed to register for the state’s new Compassionate Use of Medical Cannabis program.
Cresco Labs says its outreach campaign, which will target people who have been diagnosed with any of the approved 36 conditions, will include significant spends in print advertising, radio commercials, billboards, social media and health-related publications. They have also launched a new comprehensive website, www.crescolabs.com, that will provide both patients and doctors a “go-to” resource for research, products, cannabis-based treatments and animated how-to videos to answer patients questions.
“This is a new program and leaders in the industry need to step up to shape its future,” said Cresco’s President Rob Sampson. “We intend on letting people know about it, telling them how and why it works and how to sign up so they can begin to get the medical relief they’ve been waiting for,” he added.
Cresco’s self-funded, “State of Relief” campaign, will create much needed awareness with the first round of creative targeting the conditions of pain, nausea and diminished appetite. Cresco previewed initial creative for the first phase of the campaign which included a swimming pool shaped like Illinois with the message “Welcome To A State of Relief: Medical Cannabis is here and it’s not what you think.” An additional piece featured a runner with her face appearing on the Medical Cannabis Identification Card with the copy “Pretty soon we’ll all just be calling it medicine.” Cresco has already placed full-page ads in CS Magazine and provided an insert to all 40,000+ participant bags for the Chicago Marathon. The creative elements of the campaign can be viewed and shared at www.crescolabs.com/ads.
Patients that have been diagnosed with any of the approved debilitating conditions can apply for participation in the program through the Illinois Department of Public Health website or at crescolabs.com.
Cresco Labs received the three highest scores in the state’s very rigorous application process and will be opening cultivation facilities in Joliet, Kankakee and Lincoln, Illinois. Combined, their three facilities make them the largest medical marijuana producer in the state where they will develop a unique array of products ranging from high CBD strains, vapor oils, derma patches, pills as well as a unique line of gourmet ingestible products.
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