Are you interested in CRLBF shares or you want to add them to your portfolio?
Adding CRLBF stock to your priority list will sure change your financial future for good.
In this article we will show you all you need to know about CRLBF. Our 10-year long term price prediction of the stock will guide your investment decision.
What is CRLBF Stock?
CRLBF Stock is a capital raising instrument of Cresco Labs Inc., through which its shares are traded on the Canadian Securities Exchange (CSE) under the ticker symbol “CL,” and also trades on OTCQX Best Market (OTCQX) under the ticker symbol “CRLBF.”
The company, together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis products in the United States.
Cresco Labs Inc. focused on the provision of cannabis in flowers, vape pens, live resins, disposable pens, and extracts under the Cresco brand; vape carts, vape pens, flower, popcorn, shake, pre-rolls, shorties, and concentrates under the High Supply brand.
Is CRLBF Publicly Traded?
No. CRLBF stocks do not offer a direct purchasing option and has no IPO.
CRLB, however, became a publicly traded company through a reverse takeover (RTO) on November 30 2018.
RTO involves a private company (Cresco Labs) contracting with Randsburg International Gold Corporation, an existing listed Canadian company to acquire the outstanding private company securities.
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In this case, the Cresco membership units were swapped in exchange for the Public corporation shares, thereby giving control of the Public corporation to the private company’s security holders.
How to Buy CRLBF Stock
You may buy CRLBF in the Canadian Securities Exchange (CSE) under the ticker symbol CL.
It can be purchased on OTCQX Best Market (OTCQX) under the ticker symbol “CRLBF.” Cresco stock can be purchased by contacting a registered stock broker or through an online stock brokerage service for self-directed investors.
How do you contact Cresco Labs Inc.?
For further inquiries about CRLBF, you can reach the company through any of the following ways.
- Direct mailing address: 400 West Erie Street, Chicago, IL 60654.
- Official website: crescolabs.com.
- Telephone: 312-929-0993
- Email: investors@crescolabs.com.
Will CRLBF Stock Go Up?
Cresco Labs (OTCMKTS: CRLBF) has a market cap of $905.96 million. It generates about $821.68 million in revenue each year and earns $1.22 on an earnings per share basis each year.
CRLBF stock was trading at $6.67 on January 1st, 2022. CRLBF shares have since then decreased by 49.63% and trading now at $3.36. This decline is short term dip and the stock is projected to maintain a long term growth.
Therefore, the 16 analysts offering 12-month price forecasts for CRLBF have a median target of 7.34, with a high estimate of 17.95 and a low estimate of 3.58. The median estimate represents a +118.45% increase from the last price of $3.36.
We therefore conclude, based on expert analysis that, CRLBF is likely to go up; given the projected long term growth potential for the stock.
Is CRLBF a Buy Now?
7 Wall Street equities research analysts have issued a 12-month “buy,” “hold,” and “sell” ratings for Cresco Labs Inc. There are currently 7 buy ratings for the stock.
9 Penworldgurus stock analysts issued sell or buy on CRLBF Stock. 6(66.6%) support a buy now, 2(22.2%) supports hold, 1(11.1%) supports a sell.
Consensus among Wall Street stock analysts is a buy for CRLBF shares.
This rating has remained unchanged since September.
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CRLBF stock has received a consensus rating of buy. The average rating score is based on 12 buy ratings, 2 hold ratings, and 9 sell ratings.
CRLBF Stock Price Prediction 2022, 2023-2033
We applied Moving Average (MA) and Discounted Cash Flow (DCF) Models to the CRLBF stock historical price data.
We further evaluated the fundamentals of CRLBF stock to arrive at the following point price predictions.
CRLBF Stock Price Prediction 2022
CRLBF price is estimated to reach maximum at $6.19 by the end of 2022.
The price is estimated to drop to as low as $1.45
Average price of ACI is estimated at $3.82. This means the value of CRLBF will reach $3.80 per share by the end of the year; with average price volatility measured at 10.01%.
CRLBF Stock Price Prediction 2023
The price of CRLBF is expected to reach as high as 12.40 while the minimum value is estimated at $3.08 in the year 2023.
The average price is estimated as $7.74. We conclude that CRLBF stock price will reach about $7.70 per share in the year; with average price volatility measured at 12.05%.
CRLBF Stock Price Prediction 2024
Experts predict CRLBF stock to reach a maximum trading value at $19.71 and the minimum price is projected to hit $4.20 in 2024.
Average price of CRLBF is estimated at $11.95. This means that CRLBF will trade at about $12.00 per share in the year; with the average price volatility measured at 10.12%.
CRLBF Stock Price Prediction 2025
The year 2025 is expected to close with a maximum price-value of $24.72 and a minimum price value of $5.98.
The average price is projected to reach $15.35, with average price volatility at 29.05%. We conclude that CRLBF will reach $15.00 per share in the year.
CRLBF Stock Price Prediction 2026
Fundamental analysis by our stock experts put the range of values of CRLBF in 2026 at $6.86 minimum and $31.55 maximum. Average price of CRLBF is estimated at $19.20.
Given that average price volatility is about 10.14% in the year, we conclude that CRLBF will trade at $19.00 per share in the year.
CRLBF Stock Price Prediction 2027
There is a long term prospect of growth in CRLBF fundamentals and we expect price to head upward in the long term.
The price is expected to go up to a minimum of $9.57 and reaches maximum at $40.38.
Average price is estimated at $24.97 in 2027 with average price volatility measured at 13.04%.
There is evidence that CRLBF will trade at $25.00 per share in 2027, that is, by the next 5 years. We conclude that CRLBF will grow by 643.15% through the next 5 years.
CRLBF Stock Price Prediction 2028
In 2028 CRLBF is projected to reach a maximum of $44.78 and a minimum of $11.35.
Average trading price of CRLBF is estimated at $28.06, with about 10.08% average price volatility for the year. We conclude that CRLBF stock will trade at about $28.00 per share in year.
CRLBF Stock Price Prediction 2029
In 2029, there will be $12.62 minimum price and $50.46 maximum price.
Average CRLBF price is estimated at $31.54, with average price volatility measured at 12.03%. We conclude that CRLBF will trade at about $31.00 per share in the year.
CRLBF Stock Price Prediction 2030
Experts predict that CRLBF will attain maximum at $56.89 by the year 2030, with minimum price expected to reach $13.75.
Average price of CRLBF is estimated at $35.32, with average price volatility measured at 12.30%. We conclude that CRLBF will trade at about $35.00 per share in the year 2030.
CRLBF Stock Price Prediction 2031
It is estimated that CRLBF stock will trade between $15.60 and $64.25 by the end of 2031
On the average, CRLBF price is estimated at $39.92. We conclude that CRLBF will trade at about $40.00 per share in 2031; average price volatility is measured at 13.06% during the year.
CRLBF Stock Price Prediction 2032
In 2032, minimum projection is $17.60 and maximum price estimated at $75.59
On the average, the price of CRLBF is estimated at $46.59 in 2032; with average price volatility measured at 11.18%. There is evidence CRLBF will trade at $46.00 per share in the year.
CRLBF Stock Price Prediction 2033
Both technical and fundamental analyses of (OTCMKTS: CRLBF) by stock experts show that the price of CRLBF will reach $18.53 minimum and $81.79 maximum.
Average price of CRLBF is estimated at $50.16: with average price volatility measured at 10.06%.
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We conclude that, in the next 10 years, CRLBF will trade at about $50.00 per share, which is about 1,392.85%% increase from today’s price of $3.36.
