08:04 AM EDT, 03/12/2025 (MT Newswires) -- Cresco Labs ( CRLBF ) on Wednesday reported a lower fourth-quarter profit as revenue declined slightly.

Net income narrowed to US$0.4 million, from US$4.9 million in the prior year period.

Net revenue fell to US$176 million from US$188.3 million in the same period last year.

"In 2025, we're extending our focus to strategically deploy capital to create growth and maximize returns for the years ahead. It's a straightforward approach: execute at the highest level, generate cash, reinvest in high-ROI opportunities, and repeat," said Charlie Bachtell, Cresco Labs ( CRLBF ) CEO and co-founder.

Kentucky will be the first of Cresco's new market expansions, the company said in a statement.