Cresco Labs Announces Resignation of Board Director Sidney Dillard

CHICAGO–(BUSINESS WIRE)–
Cresco Laboratories (CSE:CL) (OTCQX:CRLBF) (“Cresco” or “the Company”), a vertically integrated multi-state operator and America’s leading wholesaler of branded cannabis products, today announced that the Board Director administration Sidney Dillard tendered his resignation. Ms. Dillard has accepted a position on the board of directors of a large national health insurance provider and is resigning from the board of directors of its Cresco Lab to avoid potential regulatory conflict.

“We are disappointed to see Sidney go, but wish her the best in her new venture. I know she will be the same trusted advisor, independent voice and growth driver in her new role,” said Charles Bachtell, Cresco Laboratories CEO and co-founder. “Sidney’s depth of experience and professionalism has set the bar very high, and we will ensure that our board continues to have an industry-leading diversity of experience and knowledge.”

M/s. Sidney Dillard added, “I want to thank Cresco for the wonderful experience of working with an incredible team and a true industry leader focused on building a diverse, responsible, respectable and robust cannabis industry. I am confident they will enjoy continued success, and I look forward to watching them from the sidelines as they achieve their goals and mission. Unfortunately, the current federal legal structure may force the experienced professionals needed to shape the future of this industry to make difficult choices – hopefully this will be resolved in the near future.

Dillard’s resignation is effective immediately.

About Cresco Labs Inc.

Cresco Laboratories is one of the largest vertically integrated multi-state cannabis operators in United States, with a mission to standardize and professionalize the cannabis industry. Using a Consumer Packaged Goods (“CPG”) approach, Cresco Laboratories is the largest wholesaler of branded cannabis products in the WE Its brands are designed to meet the needs of all consumer segments and include some of the most recognized and trusted national brands, including Cresco, High Supply, Mindy’s Edibles, Good News, Remedi, Wonder Wellness Co. and FloraCal Farms. Sunnyside, the national dispensary brand of Cresco Labs, is a wellness-focused retailer created to build confidence, education and convenience for existing and new cannabis consumers. Recognizing that the cannabis industry is poised to become one of the nation’s leading job creators, Cresco Laboratories exploits the greatest social equity and Educational development initiative, SEED, which was created to ensure that all members of society have the skills, knowledge and opportunity to work and own businesses in the cannabis industry. Learn more about Cresco Laboratories at www.crescolabs.com.

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