Cresco Labs, Inc. · CSE:CL
Cresco Labs — Q1 2026 Earnings Presentation
14 slides from Cresco Labs's earnings presentation, May 8, 2026
Slide 1: Disciplined Capital Allocation, Positioned for Growth
DISCIPLINED CAPITAL ALLOCATION, POSITIONED FOR GROWTH CSE: CL OTC: CRLBF FIRST QUARTER 2026 May 8, 2026
Slide 2: Disclaimer
DISCLAIMER Forward-Looking Information and Statements This presentation contains “forward-looking information” within the meaning of applicable Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. S
Slide 3: Cresco Labs At-a-Glance
CRESCO LABS AT-A-GLANCE Leading Wholesaler of Branded Cannabis Products and Highly Productive Dispensaries WHOLESALE RETAIL Leading Portfolio of Brands 77 Operating Stores2 #1 Market Share in Multiple Billion Dollar Markets1 Retail Network Outperforms Fair Share3 Investing in Exclusive Genetics, Pro
Slide 4: 2026 Growth Priorities
2026 GROWTH PRIORITIES Creating the Strongest and Most Valuable Cresco Labs STRATEGIC HIGHLY EXPANSION FOOTPRINT GROWTH PRODUCTIVE RETAIL BEYOND THE CORE Maximize core Expand Expand into & new market retail network new growth opportunities & efficiency platforms 4
Slide 5: Wholesaler & Distributor of America's Leading Cannabis Brands
WHOLESALER & DISTRIBUTOR OF AMERICA’S LEADING CANNABIS BRANDS 12 Production Sites #1 Market Share in multiple $1 billion+ markets
Slide 6: Proven Depth in Wholesale
PROVEN DEPTH IN WHOLESALE Winning with Quality Products and Innovative Infusion FLOWER VAPES CONCENTRATES EDIBLES MEDICINALS BEST BETTER GOOD 6
Slide 7: Highly Productive Retailer
HIGHLY PRODUCTIVE RETAILER 77 Operating Retail Locations As of March 31, 2026 Outperforming Fair Share 30% more productive than the average store across our footprint Source: Hoodie Analytics as of March 31st 2026 77
Slide 8: Sunnyside.shop
SUNNYSIDE.SHOP An E-Commerce Platform Unlike Any Other – Unparalleled Proprietary Capabilities, Insights and Experience GROWING REWARD BASE 26% YoY Growth in Rewards Members CUSTOMER RETENTION 64% of Q4 2025 Customers Returned in Q1 2026 As of March 31st 20265, based on internal and state data. 8
Slide 9: State-by-State Asset Summary
STATE-BY-STATE ASSET SUMMARY Strong Positions in Markets That Matter – Driving Share Leadership Today and Capturing Growth of Tomorrow As of March 31, 2026 FL IL KY MA MI NY OH PA TX TOTAL Population #M 23.8 12.8 4.6 7.2 10.1 19.9 11.9 13.1 31.3 134.7 9 | AU+M Legal Status AU / M M Both M Both Both
Slide 10: Financial Results
FINANCIAL RESULTS CRESCOLABS w
Slide 11: Financial Highlights: Capitalization Summary
FINANCIAL HIGHLIGHTS Capitalization Summary SHARES OUTSTANDING NET DEBT Share Class (# in millions) as of 03/31/2026 Balance ($ in Millions) as of 03/31/2026 Super Voting Shares 0.5 Debt Outstanding (ST) $10.9 Redeemable Units 84.3 Debt Outstanding (LT) 418.2 Subordinated Voting Shares 354.2 Long-te
Slide 12: Financial Highlights: Reconciliation of Non-GAAP Measures
FINANCIAL HIGHLIGHTS Reconciliation of Non-GAAP Measures ADJUSTED GROSS PROFIT ADJUSTED EBITDA For the Three Months Ending March 31 ($ in Millions) Q1 2026 Q1 2025 For the Three Months Ending March 31 ($ in Millions) Q1 2026 Q1 2025 Net income (loss) ($17.0) ($15.2) Revenues, net $151.3 $165.8 Depre
Slide 13: Financial Highlights: Reconciliation of Non-GAAP Measures
FINANCIAL HIGHLIGHTS Reconciliation of Non-GAAP Measures ADJUSTED SG&A FREE CASH FLOW For the Three Months Ending March 31 ($ in Millions) Q1 2026 Q1 2025 For the Three Months Ending March 31 ($ in Millions) Q1 2026 Q4 2024 Selling, general and administrative $54.5 $57.8 Net cash provided by (used i
Slide 14: Thank You
THANK YOU INVESTORS investors@crescolabs.com MEDIA press@crescolabs.com GENERAL INQUIRIES 312-929-0993 info@crescolabs.com