Colgate Palmolive Co Stock Price, News & Analysis

Cresco Labs (CSE:CL) (OTCQX:CRLBF), a leading US cannabis operator, announced its participation in key investor conferences. Notable events include the Needham 2nd Annual Virtual Cannabis Conference on March 3, 2021, the 33rd Annual Roth Conference from March 15-17, 2021, where CEO Charlie Bachtell will host a Fireside Chat, and one-on-one meetings on April 7. Additionally, the Stifel Multi-Sector Conference on April 21 will feature management engagements. Cresco aims to foster a professional cannabis industry through its consumer-focused brands and extensive educational initiatives.

Cresco Labs (CSE:CL, OTCQX:CRLBF) has successfully acquired four Verdant Creations dispensaries in Ohio, expanding its total to five locations, the maximum permitted by state law. This acquisition enhances Cresco’s position in Ohio, which has seen a rapid increase in medical cannabis patients from 78,000 to 160,000 in 2020, along with annual cannabis sales nearing $220 million. The company plans to leverage its cultivation capacity and processing facility to boost its market presence in this growing state.

Colgate-Palmolive (NYSE: CL) CEO Noel Wallace is scheduled to present at the Consumer Analyst Group of New York Virtual Conference on February 19, 2021, at 12:30 pm ET. Investors can access the presentation and slides via the Investor Center on Colgate's website. The company focuses on oral, personal, and home care, as well as pet nutrition, offering products in over 200 countries under various brands. Colgate is noted for its commitment to sustainability and community health initiatives, particularly in children's oral health through its Bright Smiles, Bright Futures program.

Cresco Labs (CSE:CL) (OTCQX:CRLBF) has entered an exclusive distribution agreement with Emerald Family Farms (EFF), enhancing its California distribution capabilities. This collaboration will add EFF's sustainable cannabis products, including flower and concentrates, to Cresco's distribution platform, Continuum. EFF, a farmer co-op, is known for its commitment to quality and environmental stewardship. The partnership aims to bring premium cannabis products to consumers across California, supporting both companies' growth in the rapidly expanding cannabis market.

Cresco Labs (CSE:CL) has received approval from the Arizona Department of Health Services to commence adult-use cannabis sales at its Sunnyside dispensary in Phoenix starting mid-February. Arizona is the 12th state to legalize such sales, following voter approval in November. The company highlights that Arizona represents a crucial market due to its robust medical cannabis program and consumer demand, with over 300,000 active medical patients. Cresco's strategic investment in Arizona aligns with its goal to expand its branded product offerings to a broader customer base.

Colgate-Palmolive Company (NYSE:CL) reported a strong fourth quarter in 2020, with net sales rising by 7.5% to $4,324 million and organic sales increasing 8.5%. GAAP EPS remained steady at $0.75, while Base Business EPS grew 5% to $0.77. The gross profit margin improved 100 basis points to 61.1%. Colgate's market shares in toothpaste and manual toothbrushes were 39.8% and 31.1%, respectively. Looking ahead, the company expects a 4% to 7% increase in net sales for 2021, with gross margin expansion and mid-single-digit EPS growth.

Cresco Labs (CSE:CL, OTCQX:CRLBF) has launched 1.0 g and 0.5 mg Live Cartridges from its High Supply line in California and Illinois. These products feature 100% cannabis oil enriched with live terpenes at competitive prices, aiming to attract both enthusiasts and value shoppers. The expansion continues Cresco's strategy of developing a diverse brand portfolio, enhancing its offerings in the cannabis sector. This initiative follows the recent introduction of Cresco’s 1.0 g liquid live resin vape cartridges, supporting solid growth in a highly competitive market.

Cresco Labs (CSE:CL) (OTCQX:CRLBF) has successfully closed its overnight marketed offering of subordinate voting shares at C$16.00 per share, raising approximately US$125 million. The offering included sales in Canada (excluding Québec) and a private placement in the U.S. for qualified institutional buyers. Proceeds will be utilized for organic and inorganic growth initiatives and general corporate purposes. The offering was led by ATB Capital Markets Inc. as the sole bookrunner, with A.G.P./Alliance Global Partners serving as a financial advisor in the U.S.

Colgate-Palmolive Company (NYSE:CL) will host a live webcast for its 2020 fourth quarter and year-end earnings conference call on January 29, 2021, at 8:30 a.m. ET. Chairman, President, and CEO Noel Wallace, along with Chief Investor Relations Officer John Faucher, will lead the call. Investors can access the live webcast on Colgate’s website, with a recorded version available later. The company focuses on various sectors including Oral Care and Personal Care, and is recognized for its sustainability initiatives, reaching over one billion children through its oral health program.