Charlie Bachtell On Cresco Labs’ Q4 and FY 2023

In today’s episode of TDR’s Trade To Black podcast, we interview Charlie Bachtell, CEO and Director of Cresco Labs. We highlight the recently released Q4 and fiscal year 2023 earnings and discuss Cresco Labs’ achievement of number one in market-share positions in Illinois, Pennsylvania, and Massachusetts. Massive opportunities lie ahead for Cresco Labs, and they seem primed to take full advantage. Find out why.

Taking a look at their Q4 and fiscal year 2023 report, some of the highlights include a revenue of $118m in Q4 and $771m FY. They also generated $59m in operating cash flow for the full year. We’ve got the full breakdown on our site, and an overview here. What investors should be looking at as key takeaways? Cresco has a 3x increase in operating cash flow in FY 2023, their adjusted EBITDA nearly doubled in Q4, and their revenue dipped 2% in Q4 YOY and 6.4% FY.

Charlie Bachtell, CEO and Director of Cresco Labs, joins us at the mic as we break down this report and the strategy that lies ahead for them in 2024 and beyond. Charlie Bachtell calls 2023 “The Year Of The Core.” Cresco focused on core markets, brands, stores, and people. Everyone bought in and made it happen, and now it’s part of the company DNA.

Hear what Charlie Bachtell thinks about the state of the various cannabis markets and the competition. Charlie details some of the operational highlights that the company has seen in their facilities, and state by state.

Be sure to tune in so you can hear the whole breakdown of Cresco Labs’ earning report, the outlook ahead for the company, and how they achieved their market share positions with Charlie Bachtell. Also, be sure to sign up for our Baked-In Newsletter if you haven’t already, to join 20k+ unfiltered investing elites and get the latest delivered to your inbox for free, 5 days a week.