Business
Cresco Labs Provides Update on Texas License Previously Awarded by Texas Department of Public Safety
CHICAGO, May 11, 2026--Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) ("Cresco Labs" or the "Company"), today provided an update on its application under the Texas Compassionate Use Program (TCUP). The Texas Department of Public Safety (DPS) has announced a retroactive correction to the tabulation methodology used in its conditional license selection process, impacting multiple applicants. Under the corrected tabulation, the conditional license previously awarded and publicly announced by
About this update from Cresco Labs, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":421,"url":"https://media.zenfs.com/en/business-wire.com/bfb9d96987d9eafb6b3c52ac09c3ae64"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/6J_p1tRuiTCc96I3iEjyXA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTg0Mg--/https://media.zenfs.com/en/business-wire.com/bfb9d96987d9eafb6b3c52ac09c3ae64","width":480,"height":421},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/T4IvxeoaXJIYoO_EWMW0Ag--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTU2MQ--/https://media.zenfs.com/en/business-wire.com/bfb9d96987d9eafb6b3c52ac09c3ae64","width":480,"height":421}},"lazy":false},{"type":"text","content":"CHICAGO, May 11, 2026--(BUSINESS WIRE)--Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) ("Cresco Labs" or the "Company"), today provided an update on its application under the Texas Compassionate Use Program (TCUP). The Texas Department of Public Safety (DPS) has announced a retroactive correction to the tabulation methodology used in its conditional license selection process, impacting multiple applicants. Under the corrected tabulation, the conditional license previously awarded and publicly announced by DPS for Cresco Labs Texas, LLC has been rescinded, and Cresco Labs Texas, LLC has been placed on the TCUP eligibility list. Cresco Labs maintains that its application merits a conditional license, as originally determined by DPS, and is evaluating its options to work with the state to protect that determination.","length":850,"tagName":"p"},{"type":"text","content":"Under House Bill 46, the 12 conditional licensees announced under the new tabulation are subject to ongoing DPS due diligence and required to fully operationalize within 24 months of licensure. Cresco Labs Texas, LLC is eligible to receive a conditional TCUP license in the event any of the conditional licensees does not satisfy these requirements. The Company is prepared to quickly deploy operational and capital resources into Texas once permitted.","length":452,"tagName":"p"},{"type":"text","content":""Cresco Labs has a multi-state track record of building patient-first medical cannabis programs in highly regulated markets, and we remain confident in our application’s merits, reflected in the Department's original award,&...