Cresco Labs Completes Expansion of Illinois’ Largest Cannabis Cultivation Facility

Cresco Labs, one of the largest vertically integrated multistate cannabis operators in the United States, has completed the expansion of its cultivation facility in Lincoln, Illinois, the largest in the state, and the first phase of expansion at its Kankakee facility.

These expansions add almost 180,000 square feet of additional indoor and greenhouse cultivation space, bringing the total cultivation space to 215,000 square feet across all three of its Illinois facilties. Cresco is the only operator in Illinois with three cultivation sites, which are licensed to grow up to 630,000 square feet of flowering canopy.

“Illinois represents one of the largest opportunities in U.S. cannabis, and at Cresco Labs we are committed to strengthening our share in this high growth market,” said Charlie Bachtell, Cresco Labs’ CEO and co-founder. “The expansion of our Illinois cultivation footprint at both our Lincoln and Kankakee facilities enables us to quickly bring additional capacity to such a growing, high-demand market, support supply to our statewide dispensary and wholesale network, and simultaneously cater to both medical and recreational consumers in our home state.”

Due to Cresco’s phased construction schedule, its first harvests from the additional capacity recently occurred and “they will bring limited incremental supply to market toward the end of May and significantly ramp up through Q3. This should dramatically increase sales in the state and help to address the current supply-demand imbalance,” said Bachtell.

Furthermore, to meet the increasing demand in the state, Cresco has also bolstered its retail presence through its Sunnyside dispensaries. The company currently operates five dispensaries. It recently received approval to open its sixth location, and it has licenses to open an additional four. The company has announced its intention to open locations in the Gold Coast neighborhood of Chicago, as well as Danville, Schaumburg and South Beloit in Illinois.

Cresco currently sells into 100% of licensed dispensaries in Illinois and has maintained its leading market share of wholesale sales in the state. The company sells its Remedi, Cresco, Reserve, High Supply and Mindy’s Chef Led Artisanal Edibles products wholesale throughout Illinois, and the company’s products are currently available at every dispensary in the state.