Cresco Labs President Joe Caltabiano Resigns, Stock Trades Down


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Cresco Labs Inc. (OTC:CRLBF) (CSE:CL) President Joe Caltabiano has resigned, the vertically integrated cannabis company said Tuesday.

Caltabiano’s duties will be handed over to CEO and co-founder Charlie Bachtell and other members of the company’s leadership team, according to Cresco. 

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No reason was given for Caltabiano's resignation, which is effective immediately. 

Cresco said it “wishes Joe well on his future endeavors and looks forward to continuing its path to building the most important company in cannabis.”

The stock was trading down 7.09% at $4.20 at the time of publication Tuesday. 

Related Links:

Cresco Labs Rebrands 4 New York Dispensaries To Sunnyside, Launches Delivery In New Hartford

How Cannabis MSOs Are Winning Over Customers In Evolving US Markets

A Cresco-owned Sunnyside* Dispensary in Champaign, Illinois. Courtesy photo. 


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Posted In: CannabisNewsManagementMarketsJoe Caltabian