Welcome to our dedicated page for Colgate Palmolive news (Ticker: CL), a resource for investors and traders seeking the latest updates and insights on Colgate Palmolive stock.
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 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.
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Cresco Labs (CSE:CL) (OTCQX:CRLBF), a major cannabis operator in the U.S., has extended its distribution agreement with Kings Garden Inc., a leading California cannabis brand. This agreement allows Cresco's subsidiary, Continuum, to continue as the exclusive distributor of Kings Garden products, enhancing their market presence. Kings Garden is recognized for its premium cannabis products and strong sales performance. The partnership is expected to boost growth and market share for both companies in California, one of Cresco's key markets.
Cresco Labs (CSE:CL, OTCQX:CRLBF) expands its Good News brand to Michigan, tapping into a rapidly growing cannabis market worth nearly $600 million. The launch features gummy edibles crafted for different moods — Me Time (Indica), Brunch (Hybrid), Friyay (Sativa), and Vegas (Sativa). Michigan, now the tenth state to legalize adult-use cannabis, generated over $104 million in sales in October alone. This expansion adds to Cresco’s portfolio, which includes brands like Mindy’s and High Supply, enhancing product variety for both medical and recreational consumers.
Cresco Labs (CSE:CL) (OTCQX:CRLBF) has finalized an agreement with lenders to extend the maturity of its senior secured term loan to January 23, 2023, with a reduced interest rate of 12% annually. The loan size will increase to $200 million, with $85 million from existing and new institutional lenders. This funding aims to support Cresco's expansions across nine states and other growth initiatives. CEO Charlie Bachtell emphasized the positive implications of this financing in enhancing the company’s operational flexibility and capital efficiency.
Colgate's recent research indicates that its toothpastes containing zinc and stannous, along with mouthwashes with cetylpyridinium chloride, can neutralize COVID-19 by 99.9%. Laboratory studies showed Colgate Total and Meridol toothpastes had this effect after two minutes, while Colgate mouthwashes were effective after just 30 seconds. A clinical study involving 50 hospitalized COVID-19 patients is underway, revealing these products can temporarily reduce viral load in the mouth. Colgate is collaborating on further research to explore potential roles of oral care in reducing COVID-19 transmission.
Colgate-Palmolive (NYSE:CL) Group President Panagiotis Tsourapas will engage in a virtual fireside chat at the Morgan Stanley Global Consumer & Retail Conference on December 2, 2020, at 11:00 a.m. ET. Investors can access the live webcast on Colgate's website, and a recorded version will be available later. Colgate-Palmolive focuses on health-related products across various sectors, aiming for sustainable growth and superior shareholder returns. For further details about their initiatives, visit www.colgatepalmolive.com.