Colgate-Palmolive Company reports developments across a global consumer-products business focused on Oral Care, Personal Care, Home Care and Pet Nutrition. Company news commonly covers quarterly and annual results, organic sales trends, margin and advertising outlook, the Hill's Pet Nutrition business, product and brand activity across Colgate, Palmolive, Softsoap, EltaMD, Fabuloso and related brands, and updates tied to its operations in more than 200 countries and territories.
Recurring announcements also include dividend actions, board and governance changes, earnings webcasts, sustainability and community programs such as Colgate Bright Smiles, Bright Futures, oral-health partnerships, and actions under the company's Strategic Growth and Productivity Program.
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.
Cresco Labs (CSE:CL) (OTCQX:CRLBF) has appointed Ty Gent as the new Chief Operating Officer. Gent brings over 35 years of experience from the CPG industry, including roles at US Foods and PepsiCo, where he optimized supply chains and improved operational processes. His expertise will enhance Cresco's scalability and operational efficiency in the rapidly growing cannabis market. Concurrently, David Ellis transitions from COO to Regional President of Operations for Emerging Markets, focusing on replicating successful strategies in new states.
Cresco Labs (CSE:CL) (OTCQX:CRLBF) reported that its employees contributed over 5,000 volunteer hours in 2020 through the 'Make a Difference' initiative. This initiative, started in June 2020, aimed to support communities amid social justice movements following incidents involving George Floyd and others. Volunteers worked across 28 cities in eight states, aiding over 50 organizations, packaging food, and addressing local needs. CEO Charlie Bachtell emphasized the company’s commitment to corporate social responsibility and community support.
Cresco Labs (CSE:CL, OTCQX:CRLBF) announced pricing for an overnight marketed offering of subordinate voting shares at C$16.00, totaling approximately US$125 million. The pricing reflects a 3.3% discount to the last close on January 14, 2021. All shares are anticipated to be purchased by seven institutional investors. The offering will take place across Canada, except Québec, and in the U.S. as a private placement. Proceeds will be used for growth opportunities and corporate purposes, with closing expected around January 21, 2021.
Cresco Labs (CSE:CL) (OTCQX:CRLBF) has announced an overnight marketed offering of subordinate voting shares across Canada (excluding Québec) and privately to qualified institutional buyers in the U.S. The final pricing and terms are yet to be determined, with an additional 15% available for agents to cover over-allotments. Proceeds from the offering will support organic and inorganic growth opportunities and general corporate purposes. The securities are not registered under U.S. laws, thus may not be sold in the U.S. without proper registration or exemption.
The Board of Directors of Colgate-Palmolive Company (NYSE:CL) has declared a quarterly cash dividend of $0.44 per common share, payable on February 16, 2021, to shareholders of record on January 25, 2021. The company has maintained uninterrupted dividend payments since 1895. Colgate-Palmolive is committed to sustainable growth and superior shareholder returns, focusing on health and hygiene products across multiple brands. With a vision for a healthier future, the company emphasizes sustainability and social responsibility initiatives.
Colgate-Palmolive Company has donated $210,000 to the Harvard School of Dental Medicine (HSDM) to establish the Freeman, Grant, Franklin Scholarship, aimed at supporting underrepresented minority students pursuing their Doctor of Dental Medicine (DMD) degree. This scholarship honors historical African American figures in dental education. The initiative aligns with Colgate's commitment to diversity and equity in oral healthcare.
Starting in the 2021 academic year, the scholarship will help ensure financial accessibility for the best candidates, promoting a more inclusive dental profession.
Cresco Labs (CSE:CL, OTCQX:CRLBF), a leading multistate cannabis operator in the U.S., announced its participation in two upcoming investor conferences. The 23rd Annual Needham Growth Conference is scheduled for January 12, 2021, where CEO Charlie Bachtell will engage in a fireside chat. Following this, the ATB Capital Markets 9th Annual Institutional Investor Conference will occur on January 14, 2021, featuring one-on-one meetings and a panel discussion led by Bachtell.
Cresco Labs (CSE:CL, OTCQX:CRLBF) has released its inaugural annual report for the SEED (Social Equity and Educational Development) initiative, highlighting efforts to promote diversity in the cannabis industry. The report details investments exceeding $1.5M, 22 restorative events, and support for over 1,200 individuals seeking record expungement. The SEED program also saw 50 businesses aided through Community Business Incubator events and collaboration with five educational institutions. CEO Charlie Bachtell emphasized the need for ongoing work to enhance inclusivity and social responsibility.
Cresco Labs (CSE:CL) (OTCQX:CRLBF) has opened its tenth dispensary in Illinois, located in Naperville, a key retail area near major stores like Costco and Whole Foods. This marks a significant milestone as Cresco becomes the first cannabis operator to reach ten dispensaries in the state. The Sunnyside Naperville dispensary spans nearly 8,400 square feet and will employ approximately 40 staff, featuring 12 points of sale. Illinois cannabis retail sales are projected at over $1 billion annually, with Cresco's stores capturing a substantial market share.