Home Financial Markets Penny Stocks Is that news prompting Cresco Labs (OTCQX:CRLBF) shares stay positive?

Is that news prompting Cresco Labs (OTCQX:CRLBF) shares stay positive?

One of the most vertically integrated cannabis operators in the United States, Cresco Labs (OTCQX:CRLBF), close 5.49% up to 10.406608. the Chicago, IL-based firm’s shares highest price during the previous session was $10.52 while its lowest cost was $9.98 with a volume of 1,949,120. There is no particular news published in the last 24 hours to influence the Company’s stock directly. However, the reason why the Company was in green might be the CRLBF’sfirst annual report on the SEED (Social Equity and Educational Development) initiative published last week.

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The report describes the Company’s accomplishments over the last 12 months to help create a more diverse and inclusive cannabis industry through SEED’s restorative justice initiatives, community business incubators, and educational and workforce development programming. The 2019-2020 SEED Annual Report is available online at crescolabs.com/seed.

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Highlights of the 2019/2020 SEED program include:

More than $1.5M was invested, and more than 2,200 hours were contributed by Cresco Labs staff for more than 40 SEED initiatives.

Sponsored and funded aid for 22 exciting events for individuals seeking expungement of records.

Assisted 50 businesses and 250 individuals in total in the first SEED Community Business Incubator in Illinois held over two application periods.

Contributed to the establishment of 8 community and workforce development initiatives and assisted in developingthe curriculum for the cannabis industry with five universities and colleges.

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Cabrini Green Legal Aid, a non-profit organization, formed in 1973 to serve legal needs in the Cabrini Green community in Chicago, Illinois, awarded Cresco Labs’ SEED team the 2020 Bill Leslie Visionary Award. The SEED initiative’s recognition reinforces its purpose of building relationships with the community and efforts to be refreshing and inclusive.

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