India, May 30 -- Cresco Labs Inc. (CRLBF), a cannabis products company, on Friday reported a wider net loss for the first quarter, reflecting decreased revenue and higher expenses.
For the three-month period to March 31, the company reported a net loss of $15.234 million, compared with a loss of $2.055 million in the same period last year. Loss before income taxes was $0.918 million as against a profit of $15.948 million a year ago.
Income from operations moved down to $13.589 million from last year's $29.163 million. Excluding items, EBITDA was $36.233 million, compared with $53.161 million a year ago.
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1568189509843-0'); });
Total operating expenses rose to $65.042 million f...