Cresco Labs Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Charlie Bachtell

Chief executive officer

US$999.9k

Total compensation

CEO salary percentage	45.0%
CEO tenure	5.5yrs
CEO ownership	0.6%
Management average tenure	4.8yrs
Board average tenure	5.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Charlie Bachtell's remuneration changed compared to Cresco Labs's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-US$176m
Sep 30 2023	n/a	n/a	-US$339m
Jun 30 2023	n/a	n/a	-US$234m
Mar 31 2023	n/a	n/a	-US$211m
Dec 31 2022	US$1m	US$450k	-US$212m
Sep 30 2022	n/a	n/a	-US$65m
Jun 30 2022	n/a	n/a	-US$326m
Mar 31 2022	n/a	n/a	-US$318m
Dec 31 2021	US$1m	US$450k	-US$320m
Sep 30 2021	n/a	n/a	-US$360m
Jun 30 2021	n/a	n/a	-US$73m
Mar 31 2021	n/a	n/a	-US$105m
Dec 31 2020	US$538k	US$450k	-US$102m
Sep 30 2020	n/a	n/a	-US$76m
Jun 30 2020	n/a	n/a	-US$98m
Mar 31 2020	n/a	n/a	-US$64m
Dec 31 2019	US$676k	US$350k	-US$43m
Sep 30 2019	n/a	n/a	-US$20m
Jun 30 2019	n/a	n/a	-US$14m
Mar 31 2019	n/a	n/a	-US$12m
Dec 31 2018	US$924k	US$350k	-US$2m
Sep 30 2018	n/a	n/a	US$460k
Jun 30 2018	n/a	n/a	US$1m
Mar 31 2018	n/a	n/a	US$957k
Dec 31 2017	US$188k	US$188k	-US$3m

Compensation vs Market: Charlie's total compensation ($USD999.85K) is below average for companies of similar size in the US market ($USD3.42M).

Compensation vs Earnings: Charlie's compensation has been consistent with company performance over the past year.

CEO

Charlie Bachtell (44 yo)

5.5yrs

Tenure

US$999,850

Compensation

Mr. Charles Bachtell, also known as Charlie, serves as Co-Founder and Chief Executive Officer at Cresco Labs Inc. (formerly known as Cresco Labs, LLC) and has been its Director since November 2018. Mr. Bac...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Charles Bachtell	Co-Founder	no data	US$999.85k	0.58% $ 5.6m
Robert Sampson	Co-Founder & Independent Director	no data	no data	0.25% $ 2.5m
Dennis Olis	Chief Financial Officer	3.8yrs	US$622.85k	0.057% $ 547.8k
Gregory Butler	President & Chief Transformation Officer	less than a year	no data	0.024% $ 227.2k
Ty Gent	Chief Operating Officer	3.3yrs	no data	no data
Zach Marburger	Chief Information Officer	no data	no data	0.036% $ 343.1k
Megan Kulick	Senior Vice President of Investor Relations	no data	no data	no data
John Schetz	General Counsel	5.9yrs	no data	0.027% $ 263.3k
Jason Erkes	Chief Communications Officer	5.5yrs	no data	0.081% $ 780.3k
Angie Demchenko	Chief People Officer	4.8yrs	no data	0.018% $ 174.5k
Joseph Ales	Senior VP of Operations	no data	no data	no data
Todd West	Executive Vice President of Operations	6.3yrs	no data	no data

4.8yrs

Average Tenure

46.5yo

Average Age

Experienced Management: CRLB.F's management team is considered experienced (4.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Charles Bachtell	Co-Founder	5.5yrs	US$999.85k	0.58% $ 5.6m
Robert Sampson	Co-Founder & Independent Director	5.5yrs	no data	0.25% $ 2.5m
Carol Vallone	Independent Director	3.8yrs	no data	0.032% $ 305.7k
John Walter	Independent Director	5.5yrs	no data	0.099% $ 953.9k
Marc Lustig	Independent Director	4.3yrs	no data	0.012% $ 113.3k
Gerald Corcoran	Independent Director	5.5yrs	no data	0.11% $ 1.1m
Thomas J. Manning	Chairman of the Board	5.5yrs	US$800.05k	0.067% $ 649.1k
Tarik Brooks	Independent Director	3.1yrs	no data	0.031% $ 300.1k
Michele Roberts	Independent Director	3.9yrs	no data	0.0057% $ 55.5k
Randy Podolsky	Independent Director	5.5yrs	no data	0.018% $ 177.9k

5.5yrs

Average Tenure

66yo

Average Age

Experienced Board: CRLB.F's board of directors are considered experienced (5.5 years average tenure).

Cresco Labs Management

Management criteria checks 4/4

Key information

Recent management updates

Cresco Labs Inc., Annual General Meeting, Jun 10, 2024

Cresco Labs Inc. Promotes Greg Butler to the Position of President

Cresco Labs Inc. Announces Resignation of Sidney Dillard from the Board of Director

Cresco Labs Inc., Annual General Meeting, Jun 30, 2022

Cresco Labs Appoints Ty Gent as the New Chief Operating Officer

Cresco Labs Announces Executive Changes

Recent updates

Cresco Labs Inc. to Report Q1, 2024 Results on May 15, 2024

Cresco Labs Inc., Annual General Meeting, Jun 10, 2024

Cresco Labs Inc. to Report Q4, 2023 Results on Mar 13, 2024

Cresco Labs Inc. Promotes Greg Butler to the Position of President

Cresco Labs Inc. to Report Q3, 2023 Results on Nov 15, 2023

Cresco Labs Inc. completed the acquisition of Sole Licensed Arizona Operation of Cresco Labs Inc.

Cresco Labs Inc. Provides Revenue Guidance for the Second Half of 2023

Cresco Labs Inc. to Report Q2, 2023 Results on Aug 16, 2023

Cresco Labs Inc. to Report Q1, 2023 Results on May 24, 2023

Combs Enterprises signed a definitive agreements to acquire Certain New York, Illinois, and Massachusetts assets of Cresco Labs Inc. and Columbia Care Inc. for approximately $190 million.

Cresco Labs Inc. to Report Q3, 2022 Results on Nov 15, 2022

Cresco Labs Inc. Announces Resignation of Sidney Dillard from the Board of Director

Aventine Property Group, Inc. acquired Cresco Labs Facility in Brookville, PA for $45 million

Cresco Labs Inc. to Report Q2, 2022 Results on Aug 17, 2022

Cresco Labs Inc. to Report Q1, 2022 Results on May 18, 2022

Cresco Labs Inc., Annual General Meeting, Jun 30, 2022

Cresco Labs Inc. Launches Floracal Farms Brand to Illinois

Cresco Labs Announces Launch of Khalifa Kush Products at Cookies Dispensaries Throughout California

Cresco Labs Inc. (CNSX:CL) completed the acquisition of Laurel Harvest Labs, LLC for $80 million.

Cresco Labs Inc. (CNSX:CL) completed the acquisition of Bay, LLC.

Cresco Labs Inc. (CNSX:CL) entered into a definitive agreement to acquire Bay, LLC for $90 million.

Cresco Labs Inc. (CNSX:CL) completed the acquisition of Cultivate Holdings, LLC.

Cresco Labs Inc. (CNSX:CL) entered into a definitive agreement to acquire Blair Wellness, LLC.

Cresco Labs Inc. Provides Earnings Guidance for the Year 2021

Cresco Labs Inc. (CNSX:CL) entered into a definitive agreement to acquire Cultivate Holdings, LLC for $158 million.

IM Cannabis Corp. (CNSX:IMCC) completed the acquisition of Trichome Financial Corp. (CNSX:TFC) from Cresco Labs Inc., Opaskawayak Cree Nation and others.

Cresco Labs Inc. to Report Q4, 2020 Results on Mar 25, 2021

Cresco Labs Inc. (CNSX:CL) acquired Four dispensaries of Verdant Creations.

Cresco Labs Signs Exclusive Distribution Agreement with California Cannabis Producer, Emerald Family Farms

Cresco Labs Appoints Ty Gent as the New Chief Operating Officer

Cresco Labs Expands High Supply Brand Portfolio to Include 1.0 g and 0.5 mg Live Cartridges Available in California and Illinois

Cresco Labs Inc. has completed a Follow-on Equity Offering in the amount of CAD 158.047776 million.

Cresco Labs Announces Executive Changes

Cresco Labs Inc. (CNSX:CL) entered into a definitive agreement to acquire all of the issued and outstanding shares of Bluma Wellness Inc. (CNSX:BWEL.U) for approximately $180 million.

Cresco Labs Debuts Deliciously DosedTM Chocolates from its Mindy's Chef Led Artisanal Edibles Brand for the Illinois Recreational Cannabis Market

Cresco Labs Launches Eighth Cannabis Brand, Wonder Wellness Co

Cresco Labs Launches 1.0 g Liquid Live Resin Vape Offering in Illinois and California

Cresco Labs Launches Remedi Cannabis Brand into New York

Cresco Labs Inc. to Report Q3, 2020 Results on Nov 18, 2020

Cresco Labs Bolsters Leadership Team with Three Senior Promotions

Innovative Industrial Properties, Inc. (NYSE:IIPR) completed the acquisition of two properties in Ohio and Michigan from Cresco Labs Inc. (CNSX:CL).

CEO Compensation Analysis

CEO

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Leadership Team

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Board Members

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