Cresco Labs Elects New Board, Enhances Incentive Plan

Cresco Labs (TSE:CL) has released an update.

Cresco Labs Inc. announced the election of eight board directors and the reappointment of Marcum LLP as its auditor, alongside the approval of an amended incentive plan and option exchange program. The incentive plan increases the share pool by 20 million subordinate voting shares, ensuring long-term incentives for employees and directors. Moreover, the option exchange program has effectively reduced potential dilution by about 1.7 million shares.

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