This New SPAC Could Give Investors Better Than 335% Gains

Joe Caltabiano co-founded Cresco Labs Inc. (OTC: CRLBF) in 2013 and turned it into one of the best multistate operators (MSOs) in America – and one of the best cannabis stocks you can buy today.

Over the last year, it's made shareholders a lot of money. CRLBF shares were trading for $3.06 on March 24, 2020. On March 24, 2021, they were trading for $13.32, a year-over-year increase of 335%.

Take even a cursory glance at the business and it's not hard to see why the gains are piling up fast. Cresco operates in nine states, with 15 production facilities… 29 retail licenses… and 24 operating dispensaries.

That makes it one of the biggest operations in the United States. It boasts a portfolio of 350 products sold in more than 800 dispensaries – including an edibles line created by award-winning chef Mindy Segal.

green cannabis leaves and black glass drops bottle

Image source: Unsplash

In other words, Cresco is building an in-demand, bestselling portfolio while executing on a strategy to get its products into more people's hands in more legal states.

It's really a testament to co-founder Joe Caltabiano's vision and skill. Although he's no longer with Cresco, it's a market truth that great leaders make for great companies, and great companies make for lucrative investments – in this case, a company with a commanding position in a sector expected to hit $65.1 billion in five years.

Now, if it seems like I'm here simply to re-recommend Cresco today, bear with me.

Because, even after Cresco's incredible success and market-crushing gains, it looks for all the world like Joe Caltabiano is about to do it all over again at a new, different venture.

And I want every single investor who sees this to get the chance to be there when lightning strikes twice…

Take a Look at the IPO of the Future

After helping to build and guide the company through its formative years, Caltabiano stepped away from Cresco last year. When he announced his departure, he wasn't specific about what his next move would be in cannabis, but he hinted at what it could be when he said in an interview that he was excited about a new opportunity to acquire distressed assets or to be a part of a rebuilding of distressed assets.

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Disclaimer: Any performance results described herein are not based on actual trading of securities but are instead based on a hypothetical trading account which entered and exited the suggested ...

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